Tag Archives: banking

Challenges ahead for the Internet of Things

Connecting IoT devices is now simple (except for toasters)
Connecting IoT devices is now simple (except for toasters)

One of the most popular blog posts I’ve written recently was about the Internet of Things and Insurance, in readiness for a panel at the Insurance Technology Congress 2015 event in September.

Since the blog post I’ve received some feedback asking about other aspects of IoT which I’ll cover here. Specifically they fall into two buckets – security, and more clarity around the definition.

Defining IoT

Like many areas of IT, one could argue that the IoT has already been around for decades, but now it’s receiving more market awareness.

At the 1989 Interop conference, Dan Lynch and others created the first Internet Toaster which was connected to the Internet (via TCP/IP) and could be controlled (well, the power was controlled) remotely. It was a proof of concept that really anything could be on the Internet. Continue reading Challenges ahead for the Internet of Things

Reading tab list for July

Sales of the Apple Watch haven't been released, but stocks continue to soar
Sales of the Apple Watch haven’t been released, but stocks continue to soar. Photo courtesy of Michael Roth

It should be holiday season by now, but the Christmas and Summer holidays productivity downturn seemed to cease two to three years ago (I’m basing this on my experience in the UK).

This is what I’ve read recently:

Banks could be sheepdogs (like Apple) – A great article describing how banks are utilities, but could become extremely important in the Identity revolution
Drone shooting: US home-owner faces charges – BBC News – A surprising story about a man who shot down a drone in the US, which flew over his house several times

Continue reading Reading tab list for July

The Goldman Sachs Headline event at London Technology Week 2015

The Goldman Sachs Agenda at London Technology Week 2015
The Goldman Sachs Agenda at London Technology Week 2015

You may have seen some publicity recently how a megazillion people in the UK, especially London, all work in the FinTech sector. This publicity stems from some research commissioned by London Technology Week, a series of events taking place in London around FinTech.

The events range the full spectrum of FinTech technologies, and as a result we have clients travelling from the US over to London for LTW (London Technology Week). Most of the events are free, and even the charging ones were under £20.

I’ll be attending a few events with some colleagues going to events which clashed. I’m also speaking at Tuesday’s CSFI round table on crypto-currencies, which I think is just a coincidence that it happens to fall during LTW.

The first event of LTW15, or the headline event as it was known, was at Goldman Sachs called “Goldman Sachs Engineers – Solutions to Complex Problems at Scale”. Here are some brief notes. My apologies for speed over brevity – there will be a lot to cover this week.

Continue reading The Goldman Sachs Headline event at London Technology Week 2015

Payments International 2015 – Endava & Worldpay Fireside Chat

As the Principal Sponsors of Payments International 2015 event, we had a slot to speak on the closing afternoon (I’m never sure if the last afternoon – especially a Friday afternoon – is a blessing or a curse).

One of our biggest clients in the payments industry, Worldpay, offered to join us at the event, so Nick Telford-Reed, their Director of Technology Innovation, and I both spoke on stage.

Continue reading Payments International 2015 – Endava & Worldpay Fireside Chat

Payments International 2015 – Day 3 report #PayInt15

Today was the final day of the Payments International 2015 conference. Here are my notes. Again I apologise for any brevity, grammatical abominations and spelling errors – this post is a case of publishing speed versus comprehensiveness.

Keynote

Smart companies and dumb companies - according to Mark Stevenson
Smart companies and dumb companies – according to Mark Stevenson

Mark Stevenson was the keynote speech. Mark is clearly a Marmite presenter – people either like or dislike him. Personally I liked his approach, and during the session started following him immediately at @optimistontour.

His keynote on “Why Infrastructure We Have Now Can’t Survive” began with describing how core infrastructure and business models are soon going to be unfit for purpose.

Continue reading Payments International 2015 – Day 3 report #PayInt15

Payments International 2015 – Day 2 report #PayInt15

Today I was at Payments International 2015, which is one of the main annual industry events. Endava are the principal sponsors (that’s my disclaimer) – a colleague spoke at the event yesterday, and I’m speaking tomorrow. I was busy elsewhere yesterday, so today was my first day at the conference.

“Apple bites man”

The first keynote talk was from Ben Hammersley, the Editor-in-chief at Wired magazine, but he also does the speaking circuit and he made an interesting documentary about cybercrime earlier this year.

Continue reading Payments International 2015 – Day 2 report #PayInt15

Bitcoin introduction, key facts and opportunities

The number of Bitcoin transactions per day looks like it's waiting for a major retailer to join the party
The number of Bitcoin transactions per day looks like it’s waiting for a major retailer to join the party

Firstly, I want to set some context about Bitcoin and this article. I started this blog when I found myself explaining something to one person, then another, and another, and I thought there had to be a more efficient method of distributing information (together with my opinion!) Three years later, this mantra still holds true. However this article has taken the longest to write because when I have met people to discuss Bitcoin, every conversation seems to approach the subject from a different perspective and I’m asked many great questions, so I’ve delayed this article while I’ve tacked those extra points to this article. At times I felt that I should just write a book, but I never had the guts to ask my wife for the time during our summer holiday!!!

This article is split into five sections mainly to specifically answer some presumptions that people have about Bitcoin:

  1. Introduction, and Bitcoin key facts
  2. Anonymity & Illegality
  3. Opportunities
  4. Conclusion
  5. Further reading

Continue reading Bitcoin introduction, key facts and opportunities

The Future of Digital #Payments

Yours truly at Endava's Future of Payments Event
Yours truly at Endava’s Future of Payments Event. The audience isn’t asleep – they’re tweeting insights from the presentation, or watching the football

For the past 3,000 years payments hasn’t been the most exciting industry, but in the last 5-10 years, there have been dozens of new entrants into the market.

It took 3,000 years to give us pretty much seven payment options: coins, banknotes, debit cards, Diners club, Visa, Mastercard and American Express. In the last ten years, we’ve seen an explosion of disruptive players, all driven through the adoption of the Internet and/or mobile technologies.

Yesterday we hosted an event “The Future of Digital Payments” in London at the magnificent, if slightly warm, Royal Exchange. It was one of the best attended Endava events that we’ve held, despite the World Cup and Wimbledon trying to compete with us!

Continue reading The Future of Digital #Payments

Deloitte 2014 Predictions for Technology, Media and Telecommunications

Combined global sales revenues of smartphones, tablets, PCs, TV sets, video games consoles 1999-2018 Source: Deloitte 2014
Combined global sales revenues of smartphones, tablets, PCs, TV sets, video games consoles 1999-2018
Source: Deloitte 2014

On Friday I went to Deloitte’s Telco, Media and Technology 2014 Predictions Event at the Google campus in Shoreditch. It was only an hour and a half, but well-presented (only if you were sitting at the front, but the microphones were so bad I felt sorry for people at the back) and very well attended.

There were three speakers – Deloitte, Techstars and CSR, a Bluetooth/ home automation system. Continue reading Deloitte 2014 Predictions for Technology, Media and Telecommunications

How the UK government is building a global Financial Services market

Financial services companies should start planning for a new global market, and here’s how it can unfold.

It all starts with Identity

UK Government Digital Identity page
UK Government Digital Identity page

Governments have often played a central in verifying the identity of an individual. For instance, governments issue passports, driving licences and authenticate commercial organisations, mainly for tax and legal reasons. Governments are considered trusted sources of verifying identities – banks trust government documentation such as a passport or driving licence) to prove a person or company says they are who they say they are.

Continue reading How the UK government is building a global Financial Services market