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I’ve always expected a PSD3 (the third European Payment Services Directive), as PSD2 had flaws. For example, banks were complaining that an OpenAPI for Trusted Third Parties is fine, but what about a reciprocal agreement or, if you prefer, why should we give them our data if they won’t give us theirs? Or maybe you…

Yesterday, the European Union kicked off the digital euro proposals focused upon ensuring cash is still accepted, whilst complementing cash with a digital version of the euro. The two proposals are summarised as: A legislative proposal on the legal tender of euro cash to safeguard the role of cash, ensure it is widely accepted as a means…

The username and password began to appear with technologies back in the 1960s although some might say they even date back two thousand years. Over the past half century we have also added more security systems for banking. The start of change was when we introduced a 4-digit PIN for getting cash. Funnily enough the…

I hesitate to write this, as it is controversial. But then I am not afraid to confront controversy. After the tragic implosion of Titan, the OceanGate submersible submarine that was doing the deep dive to the Titanic … … emails came to light where the founder of OceanGate, Stockton Rush, flagrantly disregarded warnings that the…

During Money 20/20 Europe in Amsterdam in June, a few friends were there and provided a nice wrap-up of the events on their blogs. First, Jim Marous was there, and here is his take on the event. The Future of Banking + Fintech as Seen at Money 20/20 Europe Within the first few hours of…

This week’s main blog discussions include … Dame Alison Rose on creating a purpose-driven bank (NatWest) I stumbled upon a podcast the other day. It intrigued me as it’s all about building a blueprint for a better business and, in episode 2, the host – Charles Wookey (nothing to do with Star Wars) – had managed…

A major bank points to a $15 trillion potential wave crashing through financial services – will this be a bigger disaster than climate change or the opportunity of a lifetime for financial services? Will the IPO of a 183 year old bank on the London Stock exchange give a much needed boost to investor confidence?…

I stumbled upon a podcast the other day. It intrigued me as it’s all about building a blueprint for a better business and, in episode 2, the host – Charles Wookey (nothing to do with Star Wars) – had managed to catch the head of NatWest Group, Dame Alison Rose, about how to create a purpose-driven…

I stumbled over this phrase the other day – The Office of the CFO – and thought it was interesting. It’s interesting because, as a Chief Financial Officer, CFO, you need to show knowledge and depth about money. That’s your job. So, as a CFO, what would you do today? Place money in a bank…

Every now and again, a newspaper produces a piece that is amusing, interesting and enlightening about banking. The Daily Telegraph did just this the other day and I liked it so much that I’ve stolen it to reproduce here. Enjoy … The true horrors of British bank bureaucracy Telegraph readers showcase the true horrors of…