Tag Archives: payments

Technological Considerations of AML/CTF Programs

I had the chance in the last couple of months to review the (very old) chapter Technological Considerations of AML/CTF Programs chapter the I wrote with a couple of colleagues for LexisNexis’s Anti-Money Laundering and Financial Crime publication. The world has changed quite a bit since then so it was more like a recreation than a simple revision.

LexisNexis have kindly made an extract available, which you can find below via a Scribd embed. If you’re interested then head over to LexisNexis (or I suppose we can catch up for a coffee or something).

The future of exchanging value

Cover for ‘The future of exchanging value’ reportI had the pleasure, over the last few months, of working with Peter Williams (Centre for the Edge) and Ian Harper (Access Economics) at Deloitte to pull together a report on the future of money. You can find the result of our deliberations on the Deloitte web site in the report The future of exchanging value{{1}}. Down load it, mull over the questions it raises, and share your thoughts.

[[1]]Peter Evans-Greenwood, Ian Harper & Peter Williams (2012), The future of exchanging value: Uncovering new ways of spending, Centre for the Edge, Deloitte[[1]]

Continue reading The future of exchanging value

We saw the future, and there wasn’t an e-wallet to be found

Do NFC payments – with their tap-and-go simplicity – herald a revolution of the shopping experience? Or is NFC just an attempt to force more of our daily transactions onto payments platforms where their owners can claim a usage tax? The sales pitch is a promise of simpler, faster and more secure payments, allowing us to grab our goods and quickly get on with what we were doing. The reality is that the payment is only responsible for a small portion of the time wasted during the buying journey. Other trends we're seeing have much more potential to revolutionise the shopping experience, and they do this by moving the purchase away from the till to allow consumers to transact where and whenever they need. The huge investment in NFC means we can expect to see NFC terminals at most of the shops we frequent. However, at the same time we can expect NFC to be quickly eclipsed by other solutions which do a much better job of streamlining the buying journey.

Continue reading We saw the future, and there wasn’t an e-wallet to be found