Is Amazon About to Disrupt Banking? [Infographic] 2

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 ...

A Practical Guide to the Bank Statement CAMT.053 Format

Following on from the posts about the BAI2 and MT940 bank statement formats, I have had a few requests to provide an overview of the camt.053 format. I will not go into the details of each tag within the CAMT.053 format – for that you should ask your bank(s) to provide you with a detailed CAMT.053 ...

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 ...

10 Freakin Crazy Tweets from the Mobile World Congress 2018 1

The Mobile World Congress (MWC 2018) in Barcelona last week is an annual conference where the top mobile ideas, innovations and participants gather. I find it fascinating since everything around us is mobile, and as a result what this industry is talking about will be a big part of our daily lives. I must admit ...

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 ...

The Difference Between a camt.052, camt.053 and camt.054 2

I have had a couple of recurring questions about bank statements recently, and rather than responding to the individuals directly i thought it would be useful to address the question via a post. So, if bank statements are your thing check out my posts about the BAI2 and MT940 file formats. What is CAMT? CAMT ...

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 ...

KPMG Recap of Fintech in 2017 and Fintech Predictions for 2018 3

KPMG Recap of Fintech in 2017 and Fintech Predictions for 2018
The KPMG Pulse of Fintech report is a must read for anybody interested in technology and financial services. And the current installation The Pulse of Fintech Q4 2017 is doubly noteworthy since it both recaps the state of fintech in 2017 and also looks ahead with some predictions for fintech in 2018. Read the report for ...

My Notes From The Satoshi Nakamoto Bitcoin WhitePaper

Bitcoin has been pretty crazy lately, at the weekend even my Mum asked me about the decentralised cryptocurrency. Anyway, it got me thinking about the origins, and how it all began. So i turned to the bitcoin whitepaper – Bitcoin: A Peer-to-Peer Electronic Cash System – published 9 years ago by Satoshi Nakamoto in November 2008. For ...