Rust is gaining popularity due to its unique combination of performance, safety, and developer-friendly features. It’s a systems programming language designed to offer memory safety without the overhead of garbage collection, making it especially appealing for performance-critical applications like operating systems, web browsers, and embedded systems.
Banking Technology. Core banking
The Future of Card Payments: A Comparison of ISO 8583 and ISO 20022
In the realm of financial transactions, including card payments, two primary messaging standards coexist: ISO 8583 and ISO 20022. Each serves a critical role, but they differ significantly in structure, use cases, and capabilities. This article provides an overview of these differences to help you understand their respective strengths and applications.
ISO 8583: The Traditional...
Enterprise Architecture, Solution Architecture, System Architecture – What are the differences?
In the world of information technology and software development, different types of architectures play a crucial role in designing and managing complex systems. Three important types of architectures are Enterprise Architecture (EA), Solution Architecture (SA), and System Architecture (SysA). Although these terms are often used interchangeably, they have distinct differences and purposes. Let's explore...
Buy-Now Pay-Later (BNPL) explained
Buy-Now Pay-Later (BNPL) is a payment option that has grown in popularity in the UK over the past few years. It allows consumers to purchase goods and services upfront, and pay for them in instalments at a later date. This option has been particularly attractive to millennials and Gen Z who are looking for...
What is ISO20022
Introduction
ISO 20022 is the new ISO standard. It was developed and is maintained by ISO/TC 68, the ISO technical committee responsible for standardisation in the field of banking and other financial services. It describes metadata and shares repository that contains descriptions of messages and business processes.
The standard covers financial information transferred between financial institutions,...
Artificial Intelligence in BankTech
The Bank of England and the Financial Conduct Authority released their new final report on the Artificial Intelligence Public Private Forum in February 2022. The UK financial regulators emphasised the pros and cons of applying AI techniques. Mainly they focussed on the AI benefits and challenges in the financial sector.
https://www.bankofengland.co.uk/-/media/boe/files/fintech/ai-public-private-forum-final-report.pdf
Negligent and mercenary use of AI...
FinTech industry in January 2022
What’s new in digital financial and banking areas in January 2022? Here are a few briefs:
Revolut rolled out its banking licence in ten more EU countries.
With its Lithuanian banking licence Revolut operates as a bank in Germany, Denmark, Netherlands, Sweden, Finland, Belgium, Spain, Iceland, Luxembourg and Lichtenstein since January 2022. Revolut launches its bank...
Top5 Digital Banks in Europe in 2020
Currently 6 out of 10 of the neobanks come from the EU/UK. Neobanks are able to deliver best in class user experience due to modern technology and benefit from lower operational costs.
Revolut
Revolut is a UK fintech company that offers banking services including a prepaid debit card (MasterCard or Visa), fee free currency exchange, commission...