Skip to content
CASS

Current Account Switching – winners and losers

The Q3 2020 Current Account Switching Service (CASS) dashboard has been published today (29 October 2020). In this latest dashboard we find out how many of us transferred our bank account in Q3 2020 and who the switching winners and losers were during the COVID lockdown in Q2 2020. The number of switches during 2020: Source: Pay.UK A total of […]

CBDC

UK exploring CBDC pros and cons with interest

Over the past few days we have looked at the latest CBDC developments in Japan, China, Canada, Australia and the EU but what is happening in the UK? A couple of days ago the Bank of England’s finch director, Tom Mutton, provided an insight into the UK Central Banks current thinking on CBDC’s. In his speech Tom states that while a central […]

CBDC

Central Bank Digital Currencies – How Will the Future Unfold

Digital Fiat explores Central Bank Digital Currencies in manageable chunks. These manageable chunks are normally a one or two minute piece – this time we feature a recent Citibank webinar (it’s an hour well invested). Central Bank Digital Currencies – How Will the Future Unfold Central banks are actively investigating the potential to issue digital representations of direct claims on […]

CBDC

CBDCs

Explore Central Bank Digital Currencies in manageable chunks with the Digital Fiat newsletter from Northey Point. A daily two minute read on a Central Bank Digital Currency / Digital Fiat development or innovation. Read, subscribe and share:

Payments Landscape

Industry Developments

Just as getting to grips with the UK’s retail payments landscape can be a complex and daunting task, keeping up with the developments at Pay.UK, the Payments System Regulator, the Bank of England and HM Treasury can be a difficult and time consuming task. To compliment our ATM tracker, payments tracker and switching tracker Premium subscribers of the Payments, Payments, […]

CBDC

There is no intention to throw banana skins in the way

The European Commission have said that there should be no rivalry between public and private digital currency solutions. Speaking on the subject of digital currencies and the future of a digital euro the European Commission said: A digital euro solution should not crowd out solutions that come from the private sector. In the ECB report, it is highlighted that such […]

Cash

ATM Volume and Value Tracker

Weekly ATM value and volume figures 26 October 2020. Key observations for week ending 25 October: Lowest weekly ATM use and amount of cash withdrawn for the last eleven weeks. ATM volumes have reduced last week by a further 1%, a 37% reduction compared to 2019. Cash withdrawn from ATM’s last week has reduced by a further 2%, a reduction […]

CASS

Current Account Switching – winners and losers

The Q3 2020 Current Account Switching Service (CASS) dashboard has been published today (29 October 2020). In this latest dashboard we find out how many of us transferred our bank account in Q3 2020 and who the switching winners and losers were during the COVID lockdown in Q2 2020. The number of switches during 2020: Source: Pay.UK A total of […]

CBDC

UK exploring CBDC pros and cons with interest

Over the past few days we have looked at the latest CBDC developments in Japan, China, Canada, Australia and the EU but what is happening in the UK? A couple of days ago the Bank of England’s finch director, Tom Mutton, provided an insight into the UK Central Banks current thinking on CBDC’s. In his speech Tom states that while a central […]

CBDC

Central Bank Digital Currencies – How Will the Future Unfold

Digital Fiat explores Central Bank Digital Currencies in manageable chunks. These manageable chunks are normally a one or two minute piece – this time we feature a recent Citibank webinar (it’s an hour well invested). Central Bank Digital Currencies – How Will the Future Unfold Central banks are actively investigating the potential to issue digital representations of direct claims on […]

CBDC

CBDCs

Explore Central Bank Digital Currencies in manageable chunks with the Digital Fiat newsletter from Northey Point. A daily two minute read on a Central Bank Digital Currency / Digital Fiat development or innovation. Read, subscribe and share:

Payments Landscape

Industry Developments

Just as getting to grips with the UK’s retail payments landscape can be a complex and daunting task, keeping up with the developments at Pay.UK, the Payments System Regulator, the Bank of England and HM Treasury can be a difficult and time consuming task. To compliment our ATM tracker, payments tracker and switching tracker Premium subscribers of the Payments, Payments, […]

CBDC

There is no intention to throw banana skins in the way

The European Commission have said that there should be no rivalry between public and private digital currency solutions. Speaking on the subject of digital currencies and the future of a digital euro the European Commission said: A digital euro solution should not crowd out solutions that come from the private sector. In the ECB report, it is highlighted that such […]

Cash

ATM Volume and Value Tracker

Weekly ATM value and volume figures 26 October 2020. Key observations for week ending 25 October: Lowest weekly ATM use and amount of cash withdrawn for the last eleven weeks. ATM volumes have reduced last week by a further 1%, a 37% reduction compared to 2019. Cash withdrawn from ATM’s last week has reduced by a further 2%, a reduction […]

CBDC

Digital Fiat: Situation vacant

Bank of Canada advertises for digital currencies economist The Bank of Canada is looking to hire an economist focused on digital currencies and financial technologies as it continues to build up its expertise ahead of any possible CBDC implementation. The Canadian central bank states that it wants an economist to join its large-scale fintech research project, a key part of which will […]

Banking

Banking on IT

Banking on IT: How I Disrupted an Industry by Anne Boden BANKING ON IT is the first-hand account of one woman’s quest to rebuild Britain’s broken banking system. After a lengthy career at the top of some of Britain’s leading banks Anne Boden had become disillusioned with the status quo – the financial crash had broken trust in the whole […]

CBDC

Japanese (CBDC) experiment

As central banks around the world have been grappling with the pros and cons of creating their own digital currencies the Bank of Japan (BoJ) has announced that it will begin central bank digital currency (CBDC) experiments early in 2021 although it states that it still does not have any plans to issue its own digital yen. The BoJ experiment has gathered momentum as […]

CBDC

Yuan Giveaway

While other central banks are talking about central bank digital currencies (CBDC), the People’s Bank of China (PBoC) is already trialling a Digital Renminbi (known as a Digital Currency Electronic Payment (DCEP)). The DCEP is not a crypto-currency but is a digital version of China’s official currency the yuan which is issued and backed by the Chinese central bank. Earlier […]

Tracker

Payments Tracker

In this October round up of volumes and values of retail payments in the UK we look at the continuing impact of COVID-19 and whether local lockdowns have interrupted the recovery in processed volumes and values. Note: All data is publicly sourced and is the latest available: Pay.UK September 2020, Link October 2020 and UK Finance July 2020. Source: Pay.UK […]

Tracker

ATM Value and Volume Tracker

Weekly ATM value and volume figures 19 October 2020. Key observations for week ending 18 October: Lowest weekly ATM use and amount of cash withdrawn for the last ten weeks. ATM volumes have reduced last week by a further 2%, a 36% reduction compared to 2019. Cash withdrawn from ATM’s last week has reduced by a further 2%, a reduction […]

Regulatory

HMT Payments Landscape Review – a community response

The Emerging Payments Association (EPA) has published a paper containing the community’s responses to HM Treasury’s Payments Landscape Review: Call for Evidence. The paper details recommendations on how to ensure the UK’s payments industry becomes progressive, world-leading and secure, and effective at serving the needs of everyone who pays and gets paid. The paper describes some of the opportunities and challenges facing […]

Regulatory

Payment imperatives

What role does the Payment Systems Regulator (PSR) play to ensure that competition is effective at all levels of the payments chain? The PSR have commenced a strategic review and are currently in a pre-consultation phase. More: PSR Future Strategy. PSR’s Strategic Themes The three themes of the PSR’s strategic review are: Theme 1 – Innovation and future payment methods. […]