2016 was a historic year in Britain’s history. 40 years of drift in Europe ended. After the referendum, what does Britain do next in Europe and the world? Will she continue as a surly neighbour to Europe or can she lead a continent in danger?
With or without Britain’s tilt to Trump, the government needs to chart a fresh start for her troubled relationship with Europe. We need to harness the pride Britain has in its history, work through the prejudice Britain has against Europe and produce a new vision of British clout in Europe which the public will support, something called smart power. Brexit means leaving the EU, but not Europe. Europe is governed not only by the EU but by [...]
The UK payments industry is world-leading, and its Fintech sector is estimated by HM Treasury to be worth £6bn. The UK is likely to leave the EU in 2019 and when it does, it could potentially lose its passporting rights to the European single market.
Without such rights, many regulated payments companies in the UK will be unable to deliver products and services across the European Economic Area (EEA). The UK which has been called the Fintech capital of world, beating the likes of Silicon Valley, could have its crown toppled as restrictions of passporting rights will damage the emerging payments industry significantly. GPS are a global transaction processor that provides card [...]
The General Data Protection Regulation is the new legislation replacing the current Data Protection Act, becoming a new citizen’s charter for the protection of personal data.
So we’ll be running a regular on this because…
It applies to any global entity processing EU citizens’ personally identifiable information, data controllers and data processors alike, with a burden of proof on them to evidence compliance.
Which means it impacts every tech & finance company…
From Fri 25th May 2018 it becomes UK / EU Law. (It became best practice from May 2016, you knew that right?)
(And No, Brexit isn’t going to change anything on this one. Hard, soft, [...]
The Economist Event held at the end of January in the 5 Stars St. Pancras Renaissance Hotel raised more questions than answers, not least of which being what banking may look like in 2030. To branch or not to branch, that being a question Craig Donaldson of Metro Bank addressed, his answer can be found on 41 streets in the UK. Millennial chasing marketeers talk in apps only, and Ann Cairns, president of international markets, MasterCard, spoke of Applepay and the need to add more features to widen appeal. She’s probably wrong about this, sorry Ann, Applepays’ weakness is that it’s embedded in a phone it doesn’t need more features it needs less hardware. Let’s discuss over [...]
Blockchain tech is the term poised to define our generation. As opposed to Brexit or Trump — which is definitely not a bad thing! But what are blockchains? How do they work, in plain English and zero jargon?
A Blockchain is essentially a data record. It is a shared, secure record of an exchange with a historical imprint that is very difficult to change/manipulate. Blockchain uses digital signatures and encryption to record identity, authenticity and access level. So it’s pretty much a whole new level of transparency. If we think that anything from the mouthwatering burger we eat to the flip flops we wear and the hotel we are staying at is a receiving end of a supply chain, we [...]
Unless you’ve been living under a rock these last few months, you’ll have noticed that blockchain technology has been gaining some traction.
[Google trends graph of blockchain prevelance]
If you haven’t caught wind of the hype, Reid Hoffman gives a thorough background on how the distributed ledger system gained popularity and its importance here.
2015 was the year the blockchain gained independence from its polarising big brother, bitcoin and has seemingly been welcomed into the mainstream, especially in financial services.
Blockchain by its construction is a decentralising force and through its utilisation promotes efficiencyand transparency – two [...]