Category Archives: Fintech

My notes from #Sibos2021 #banking #fintech

By | December 11, 2021

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 »

Filter #XML Documents using #XPATH2 Transforms for signature digests #banking #fintech

By | November 26, 2021

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 »

Learn #banking, #fintech and #payments jargon: Money

By | August 11, 2021

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 »

#fintech #security Implement a simple #SCA algorithm for your #B2B #API implementation.

By | August 19, 2021

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 »

Learn #banking, #fintech and #payments jargon: Counterparty risk

By | August 1, 2021

Counterparty risk Definition: Counterparty risk is the risk of one or more parties in a financial transaction defaulting on or otherwise failing to meet their obligations on that trade. Details: Thre are several degrees of risk involved in financial transactions between financial institutions depending on the type of payment rail involved. In critical RTGS systems… Read More »

Learn #banking, #fintech and #payments jargon: Credit Limit Check

By | July 23, 2021

Credit Limit Check Definition: The process of verification if an account may be debited or credited in a settlement system. Details: If the amount to be debited in the payment message is equal or less than the balance on the sender’s correspondent account than the credit check limit passes. If the amount to be credited… Read More »

Learn #banking, #fintech and #payments jargon: Bulk Payment Instruction

By | July 23, 2021

Bulk Payment Instruction Definition: A set of payment orders delivered together for processing which may be destined for several receivers. Details: Bulk payment instructions are payment instructions delivered to the clearing and settlements system as bulk files and are processed together ordered after some criteria containing at least the same sender and receiver. Note that… Read More »