SWIFT, Hackers, Casinos and a Billion Dollar Bank Job 5

SWIFT is increasingly targeting the corporate market as a highl secure and reliable corporate to bank connectivity solution. SWIFT has some clear benefits, but it aint a magic bullet. The incredible cyber theft last month will leave many SWIFT customers (banks and corporates) worried about similar copy-cat type thefts via the super secure SWIFT network. ...

The Top Payments News Stories in March, 2016

The payments news stories in March 2016 were all about fintech! All of the banks seemed to get into an accelerator or innovation lab somewhere or other. And while fintech investment in 2015 reached an all time peak, some interesting regional and industry themes are highlighted in the KPMG and CB Insights report. Mobile Payments ...

12 Payments Trends from Payments UK Worth Reading 1

Over the weekend i was reading the Payments UK World Class Payments report highlighting payments trends that are shaping how consumers around the world make payments. The report focuses on different payment methods in the UK and provides some interesting statistical comparisons with payment systems and payment processes around the world. The report puts the ...

The UK Financial Regulator on Fintech Innovation

In the The Top Payments News Stories in February, 2016 post i highlighted a speech by Christopher Woolard – the UK Financial Regulator (FCA: Financial Conduct Authority) director of Strategy and Competition. The speech was delivered at the FCA event on FinTech in the UK. Given that the UK is home to some of the hottest ...

An Analysis of Fintech Startups and Banks by McKinsey 1

Are fintech startups going to eat the banks breakfast? There is unprecedented coverage around fintech (financial-technology) startups and the gauntlet they have thrown down to the banks. Sometimes it is hard to make sense of it all. The fintech startups clearly offer something unique and banks recognise that the world around us is changing and ...

10 Most Popular Payments Tweets from February, 2016

Having summarised The Top Payments News Stories in February, 2016 i noticed that some stories were hugely popular on twitter. Some payments news stories received a huge number of likes and retweets, and for me that in itself provides a fascinating insight into what stories and themes are engaging people the most in the industry. I ...

The Top Payments News Stories in February, 2016 2

The payments news stories in February 2016 were all about mobile payments and blockchain. From a mobile payments perspective contactless payments data for 2015 became available in the UK and grew three-fold, we passed the billion (transactional – Mastercard) and trillion (value – Citi) marks, which is a trend which we will undoubtedly see across the ...

What Is Blockchain in 6 Awesome Infographics 13

If the blockchain frenzy and the hype surrounding it is anything to go by, blockchain is set to revolutionise everything from the way in which we make payments to the way in which we drink beer. I may have made that last bit up – but you get the idea that in and amongst the ...

I Needed To Send Money To India – This Is What I Did… 4

I got a call over the weekend from my Father, who is currently visiting India asking me to do a money transfer to India. It should be the other way around, right? Wtf?!? Anyway, I had no idea where to start so started investigating the options to send money to India. Since it was Sunday ...

The Future of Fintech According to Deutsche Bank 4

One of the Fintech reports doing the rounds right now is that by Deutsche Bank, titled “FinTech 2.0: Creating new opportunities through Strategic Alliance”. There has been quite a lot of noise about the Deutsche Bank Fintech 2.0 paper across the social media spectrum, so i thought i better check it out. In short, Deutsche ...