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Bob Lyddon Consultant at Lyddon Consulting Services
The UK’s New Payment System Operator is well adrift of the problems facing UK payment service users (e.g. lack of access to free ATMs, high fees on card payments for merchants, dwindling cash collection services) but it continues to build up its elephantine governance structure, with committees popping up right, left and centre, and sporting impre...
03 July 2018 /payments
Breana Patel CEO | Thought leader in Bank Risk & Regulations at Bonova Advisory | Risk &Regulatory Advisory
The task of integrating a Project Management Office (PMO) in an agile environment could prove difficult, but if done with thorough research and implementation, it can substantially improve efficiency in project execution and production, lowering costs and reducing risks for the organization. Getting Buy-In In order to do this, there first has to b...
14 June 2018 /wholesale
Retired Member
When buying products online, ordering a taxi or booking a vacation, the modern consumer expects a simple, streamlined experience and instant satisfaction. I have often questioned why the same service is not available to SMEs (small or medium enterprise firms) when they apply for business finance? Despite the fact these firms play such an important...
08 June 2018
This letter is now public on the www.parliament.uk website, under /documents/commons-committees/treasury/Correspondence/2017-19/ This file name is visa-charlotte-hogg-040618.pdf Some tough questions there, and some very fine interrogators will be on hand should the written answer not be deemed adequate (and it won't be, whatever it says, because Ms...
06 June 2018 /payments
I blogged two weeks ago that NPSO had become the operator of BACS and Faster Payments while in the control of just one person, and a natural legal person at that. NPSO has quickly appointed two new Member-Guarantors from amongst its non-executive Board Members - a Ms Ashton who is a "CTO-in-residence" at SAP and a Mr Anderson who is a for...
18 May 2018 /payments
Rolf Hauge CEO at Commercial Banking Applications (CBA)
Just over one year on from the launch of the service, SWIFT has announced that more than 160 global banks have adopted its Global Payments Initiative, SWIFT gpi, allowing them to make high-speed, cross-border payments timed in minutes, or even seconds. This all sounds very positive – and while strong momentum is building, a crucial factor in the s...
24 April 2018 /payments
Reghunathan Sukumara Pillai Consultant at Infosys
The recent instances of scams in public sector Banks make one admonish the audit processes and practices in many Banks. The number of fraudulent instances are rising and it has become a norm to highlight the deficiency in software systems rather than accepting internal flaws, recheck the internal controls, operational processes, audit, operational...
13 March 2018
There’s a lot about TESLA’s way of doing business I admire; especially when I think about what it could bring to the world of financial technology. I don’t mean a banking system powered by lithium-ion batteries or setting up branches on Mars (at least, not yet anyway), but Tesla’s approach to upgrading users’ software automatically is something th...
15 January 2018 /payments
This is the fourth and final one of our four predictions for the Payments industry in 2018, and it is about the global Remittances business. We all know that this area has been badly hit by “de-risking”, and that the result of that has been the withdrawal by the big clearers in currency centres of correspondent banking services to the banks at the ...
02 January 2018 /payments /inclusion
This is the second of our predictions for the Payments industry in 2018, and it is about New Entrants to the payments business. The main focus is on Third-Party Providers and Payment Institutions as ordained under Payment Services Directive. We should also mention eMoney Institutions and – more UK-centric – Challenger Banks. In sum these are the ty...
29 December 2017 /payments /startups
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