12 Types of Fraud You Need To Know About by UK Finance

12 Types of Fraud You Need To Know About by UK Finance
Last month UK Finance together with Financial Fraud Action UK published 2017 annual fraud update, highlighting different types of fraud along with some pretty incredible statistics (total number of incidents and value) indicating the extent of the losses. The good news is that in 2017 unauthorised fraud losses from payment cards, remote banking and cheques ...

5 Key Takeaways from the UK Fintech Strategy

5 Key Takeaways from the UK Fintech Strategy
There’s no doubt that the UK government recognises the importance of financial services, and in a rapidly changing technological environment the need for the UK to position itself as the best place in the world for fintech. On 22-March the UK Government launched the Fintech Sector Strategy: Securing the Future of UK Fintech. In this post, ...

The Top Payments News Stories in March 2018

Lot’s of payments news stories flying about this month. Unsurprisingly Open Banking is hitting the headlines, a focus on fintech in the UK, innovation and talk of the Kodak moment in financial services. Check out the following top payments news stories for March 2018: 1. Payments News – Cyber Security Equifax to notify another 2.4 million ...

7 Things Corporates Need To Know About PSD2 and Open Banking 1

7 Things Corporates Need To Know About PSD2 and Open Banking
PSD2 is a HOT topic at the moment, and will continue to dominate discussions for the foreseeable future. The revised European Payment Services Directive (PSD2) is multifaceted regulation with implications for banks, technology companies, financial institutions, regulators and most important of all, You and I – the end customers. At first glance, the PSD2 focus seems ...

5 Ripple Tweets That Absolutely Dominated Money20/20 Asia

I was curious to see what happened at Money 20/20 Asia, which took place in Singapore this last week, 13-15th March. So, took to Twitter to get the low down. There was some pretty interesting stuff, covering all of the hot topics: cybersecurity, financial inclusion, a keynote by Piyush Gupta, the fintech unbundling of banks, ...

Is Amazon About to Disrupt Banking? [Infographic] 1

Is Amazon About to Disrupt Banking? [Infographic]
Last week Bain and Company released a published an article titled Banking’s Amazon Moment. I think its fair to say that it has caused a storm, Amazon are disrupting virtually every industry they get into. Couple that with the Fintech threat (or is it?) and it accelerates-heightens previous concerns about technology companies and you have ...

23 Step ‘Fintech Action Plan’ by the European Commission 2

23 Step 'Fintech Action Plan' by the European Commission
Today the European Commission published a 23 Step ‘Fintech Action Plan’ to help promote more competitive and innovative financial services across the European Union. The Fintech Action Plan press release gives you a quick flavour of the high level plan with the usual focus on blockchain, distributed ledger technologies, digitisation, cybersecurity and crowdfunding with a view ...

What the Bank of England Really Thinks About Cryptocurrencies 1

What the Bank of England Really Thinks About Cryptocurrencies
Last week the Bank of England Governor. Mark Carney, talked to some students at Edinburgh University about the Future of Money. The speech hit the headlines last week because Mark describing cryptocurrencies as a failure, that needed to be regulated. Its investors were described as fools, while at the same time Mark Carney recognised the ...

The Top Payments News Stories in February 2018

This month the payments news stories seem to be dominated by PSD2, Open Banking and all things blockchain. In particular stories of multiple Ripple initiatives here, there and everywhere! Plenty of interesting reading, with some noteworthy reports too. Check out the following top payments news stories for February 2018: 1. Payments News – Cyber Security ...

Explained: RTS, SCA and CSC WRT PSD2 [EPC Infographic]

A couple of weeks ago the European Payments Council (EPC) released a pretty interesting infographic which covers some complex terms such as RTS, SCA, CSC – all of which are key components of PSD2. The infographic also gives a timely update on the current status of  PSD2 and the RTS rules. Below you can see ...