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How the internet has taken over our lives
I remember companies like Gartner and Forrester predicting that there would be a trillion dollar market in online sales by 2020 back in the 1990s. Now we are in 2024, it’s a three trillion dollar market, and so I thought it might be interesting to look at the various statistics being bandied about by firms……
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Things worth reading: 18th October 2024
Things we’re reading today include: Donald Trump’s $300M Crypto Venture Faces Backlash (msn.com) Siam Commercial Bank launches stablecoin cross border payments – Ledger Insights – blockchain for enterprise Russia Economy: Moscow Blocking Sale of Western Bank Assets to Local Firms – Business Insider Stripe in talks to acquire fintech startup Bridge for $1B – SiliconANGLE……
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Where is the National Payments Vision?
A year ago, a government commissioned report in the UK asked for a National Payments Vision and Strategy, or NPVS for short. Looking into this a year later, there does not seem to be much action. The report was produced by Joe Garner, founder of a start-up in the dot.com boom, a director at the……
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The Finanser’s Week: 14th October – 20th October 2024
This week’s main blog discussions include … Is 2025 Meta’s nemesis year? Thinking about the Big Tech firms, most of them are enabling commerce. Amazon and Apple are building specific structures to make buying and selling easy. But one company is enabling fraud, scams and criminal activities. Meta. Meta runs Facebook, Instagram and WhatsApp, as……
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Things worth reading: 21st October 2024
Things we’re reading today include: Potential health hazards of cryptocurrency mines laid bare by scientists Commonwealth Bank forced to refund millions of customers | Daily Mail Labour ‘plans to take money from benefit fraudsters’ bank accounts’ as part of crackdown Concerns over Barclays Tesco Bank transfer | The Independent Debt will overshadow IMF gathering as……
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Today’s banking, crypto and fraud, and tomorrow’s jobs of the future (four reports)
I just picked up several interesting reports. The first is McKinsey’s review of Banking 2024. The good news? “The past two years have been the best for banking since before the Great Recession. Globally, banks generated $7 trillion in revenue and $1.1 trillion in net income, with return on tangible equity (ROTE) reaching 11.7 percent. Banks……
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Things worth reading: 22nd October 2024
Things we’re reading today include … How scammers duped job seekers with a fake bank branch – BBC News HSBC splits up bank amid growing tensions between China and the West Santander launches Openbank in the US, expanding its consumer banking business nationwide Bank of America exec stripped of his role after death of Green……
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Could Poland’s BLIK be core to the EU’s future payment service?
Living in Poland, I have got used to using their local system for payments called BLIK. The way BLIK works is that you access your bank account app, enter a code, get a code back and make a payment at a point-of-sale, ATM, online or anywhere that needs a payment approved. The reason I like……
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Interface.ai raises $30M to help banks field customer requests
Interface.ai, a customer automation platform for banks and other financial institutions, today announced that it closed a $30 million funding round led by Avataar Venture Partners. $20 million of the round was equity, while the remaining $10 million was in the form of debt. It’s Interface’s first outside capital; the startup had been completely bootstrapped.…
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How the internet has taken over our lives
I remember companies like Gartner and Forrester predicting that there would be a trillion dollar market in online sales by 2020 back in the 1990s. Now we are in 2024, it’s a three trillion dollar market, and so I thought it might be interesting to look at the various statistics being bandied about by firms……