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Andrew's long read archive

2023 (2) 2022 (3) 2021 (10) 2020 (5)
Andrew Smith

Andrew Smith

Founding CTO at RTGS & ClearBank
Message Message me Posts: 0 Comments: 167
Bio Brining the worlds first liquidity network, RTGS.global to financial institutions globally Career History Started as a software developer and have moved through IT for over 20 years. Founded a number of technology and FinTech start-ups, and am a founding member of both RTGS & ClearBank

Long reads

How blockchain can be used for improving security

21 Mar 2023

At the heart of security within the financial services industry is the good old centralised Public Key Infrastructure (PKI). Every central bank, financial market infrastructure (FMI), payment system, Banking-as-a-Service (BaaS) provider, embedded finance provider, even the way in which we all connect to secured websites goes through a centralised ...

Agile Series: Avoid management speak

16 Mar 2023

One of my pet peeves, and I think a common source of hatred across most engineering teams, is using old cliché management terms that really do not apply. Or, worse still, they are fundamentally wrong within an agile environment. Engineering teams are full of uber smart individuals, and I don’t mean the people that cut code, no - I mean your stakeho...

Agile Series: SAS Rogue Heroes - the original agile team

23 Nov 2022

Currently airing on the BBC is a superb series that takes you through the origins of the SAS (Special Air Service). Though some of it has been made for our viewing, the vast majority of the storyline and characters is very much true. If you have not watched it, I highly recommend you look out for SAS Rogue Heroes. But how is this in any way shape ...

Agile Series: Getting out of the way

04 Aug 2022

As a leader in more than just technology, we must know when to get out of the way of our teams and colleagues. All too often, I see leaders who want to build high functioning teams and yet they micro-manage; impose far too many decision-making restrictions and place too much value in their own beliefs and experiences. The following tips will direc...

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Andrew is Commenting on

UK set for soaring digital wallet adoption

  We need to makes sure digital wallets can access the same functionality as that accessed by Apple and Google in their iOS and Android device OS respectively. 

25 Mar 2024 Reply Read article

UK fintech to be elevated to 'ubiquitech' with Smart Data Roadmap, new report reveals

  I think some of the commentary in here shows a lack of understand of privacy and the challenges. It also shows a lack of understanding on how you can deliver trust without compromising on privacy. It's a grave concern that we still do not understand the importance of digital privacy, without it we are all exposed to a host of issues.

25 Mar 2024 Reply Read article

Digital wallets play key role in US lawsuit against Apple

  I think all of us in FinTech has known for years that Apple creates a monopoly by limiting what fucntionality third party apps can use while delivering its own solutions. Wallets is a prime example, and its been going on since Apple first introduced NFC capabilities into its SmartPhones. The broader issue here is Banks themeselves are getting overcharged to deliver Apple and to an extent Google Pay - if the phones allowed competition, then banks would support those apps that delivered the best experiences at the right price points for them. With choice, I would be using a third party wallet and not Apple or Google pay thats for sure

25 Mar 2024 Reply Read article

PSR enforces "step-change" in reimbursement rules for APP fraud victims

  I have spoken about making the receiving firm pay the compensation for a long time now. Moving to 50:50 is a good step change, but I still maintain that the receiving firm needs to be held more accountable - after all it has received the funds and it is holding those funds in many cases. It also ensures the level of monitoring on receipts is improved, which not only helps fraud, but also various other aspects of financial crime.  The real step change though is when we finally stop making push payments based on account numbers, rather we make them based on a verifiable identity  - CoP helps, but its a sticky plaster over the bigger issue.

20 Dec 2023 Reply Read article