Business travel can be a whirlwind of meetings, presentations, and networking. The last thing you need is to realize you’ve forgotten an essential item when you’re thousands of miles from home. A well-organized packing list is the cornerstone of a stress-free and productive business trip. Drawing inspiration from a comprehensive packing check-list, I have put… Read More »
It’s surprising how many people want to invest without fully understanding how banks, brokers, stock exchange, fintechs works. Let’s break down some key concepts:
I was reading lately some materials about sales in banking and it struck me that there is also a “language” specific to selling stuff to premium customers, both companies or individuals. Some of them I knew without knowing that I new them: that is called experience 🙂 Basically avoid all the words related to money,… Read More »
What is a Lombard Loan? The name ‘Lombard’ comes from a region in northern Italy. The Italian banking houses in the Lombardy Region had a rich history dating back to the Middle Ages. They are famous for first developing and popularizing the concept loaning money backed up by liquid assets. In RTGS context a Lombard… Read More »
As I mentioned in a previous post usually there are two channels of sending payments to a Real Time Gross Settlement System: using a VPN network that connects all the participant financial institutions to the RTGS . using a 3rd party network like SWIFT that connects all the participant financial institutions to the RTGS Bellow… Read More »
“Claim-based” => Money is moved by transferring a claim on value recorded somewhere (ledger) “Object-based” => Transaction is settled immediately if the parties deem the object to be valid. No exchange of information is necessary
This year, SIBOS was held yet again as an online conference in October. This is in fact a good thing because more people can participate and you are not stuck at your company booth :), so in fact you can attend all the interesting topics. So here are my notes of things that caught my… Read More »
While working with XML Documents and trying to implement the XMLSignature I hit the issue of filtering what to sign from an XML. The basic documentation of the from XML signature standard XML Signature Syntax and Processing Version 1.1 describes several methods that can be used to transform an XML to prepare it for signing.… Read More »
Money Definition: Money is any object that is generally accepted as payment for goods and services and repayment of debts in a given context. Details: The main functions of money are distinguished as: a medium of exchange; a unit of account; a store of value; and, occasionally, a standard of deferred payment. Money evolved over… Read More »
Strong Customer Authentication (SCA) is a new European regulatory requirement as part of the second Payment Services Directive (PSD2) for authenticating online payments and make them more secure. There are some actions such as funding a transfer from your balance or viewing the statement that require SCA within the UK and EEA. SCA builds additional… Read More »