10 Reasons Why A Billion Is The New Million

When i was a kid, everyone talked about a million. One million was a threshold, which when surpassed was pretty dramatic. Now, its all about the billion – which is why a billion is the new million! In this post, i highlight a couple of interesting lists that showcase why a billion is the new ...

15 Kick-Ass Brexit Tweets by the FinTech Mafia

Almost a month on from the Brexit vote, i was doing a bit of research to see what the Fintech mafia thought about it all. After all, the Fintech mafia are the folks in-the-know and pushing the industry ever forward so their thoughts are likely to guide the industry. The trends and insights that are ...

Is Your SWIFT Service Bureau On The List? If not, WHY Not?

The other day i was updating the post A News Bulletin Overview of the SWIFT Related Hacks, and started reading up about the Vietnam hack. The interesting thing about the Vietnam Tien Phong Bank hack was that the fraudulent transfers were routed through an external or third party provider used by the bank to connect ...

7 Ripple Reasons Why the SWIFT GPII Ain’t Good Enough 11

I’m trying to get to grips with all things payments and blockchain related at the moment, and this quest has sent me in various directions. One emerging Fintech company thats fast occupying both the payments and distributed ledger space is Ripple. More on them later. But for now, i wanted to cover a couple of ...

The Problem With Payment File Uploads into Internet Banking 1

There are some amazing advances happening in technology right now - we’re sending space probes to Mars with a view to very soon sending man to the red planet, there are driverless cars, machines are doing more through Artificial Intelligence, virtual reality is becoming mainstream, financial services are being revolutionized through an array of fintech solutions ...

The Top Payments News Stories in June, 2016

Payments news stories in June 2016 were dominated by the usual themes – fintech initiatives, collaboration, bank branch closures, the move to contactless payments, cyber-security breaches and a couple of SWIFT stories. But there was one story that overshadowed all of these – Brexit. Firstly, the build up to the crucial EU referendum vote. Secondly, ...

7 Things Harvard Taught Me About Blockchain Technology

I recently read the Harvard Business Review article ”The Impact of the Blockchain Technology Goes Beyond Financial Services“. There is a buzz in financial services around blockchain technology, and the impact it will have on the industry. So this article caught my eye since it was talking about blockchain technology outside of finance, and since it ...

What is the EU in 3 Simple Infographics

So, what just happened? The UK has made up its mind and decided to Leave the EU – with 51.9% of the vote, 48.1% of the public wanting to Remain The British Prime Minister has said that he will leave Downing Street by October, 2016 The UK is being pulled in a few different directions: ...

10 Most Popular EU Referendum Tweets from the BBC Debate

Tonight there was a lively BBC debate at Wembley Arena, in London, on the upcoming Brexit EU referendum. The BBC debate featured views and opinions from both the Remain and Leave camps and from across the political, social and economic spectrum. I must admit i had one eye on the BBC debate and another on ...

List of the NCC – National Clearing Codes 1

In the post a Simple Guide to the SWIFT MT101 Format there is reference to tag 57 – Account with Institution. On the whole, you should use 57A which requires the BIC value. But for some domestic transactions you need to use the 57C option, and must indicate the National Clearing Code. Sometimes if you wish ...