Category: Uncategorized
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The impact of new safeguarding rules on the UK payments industry in 2025
In September 2024, the FCA published the consultation paper CP24/20 on how they are planning to change the safeguarding regime for payments and e-money firms in 2025. We expect you to take make it a top priority to ensure that your customers’ money is safe. – FCA Dear CEO letter, 16 March 2023 The new…
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Creating a domain model diagram with AI
LLMs like ChatGPT can be a great assistant in automating foreign key discovery. Here, I walk through a Python implementation with GPT-4 that uses public datasets on BigQuery to demonstrate how it works in practice. Check out the code on Github: https://github.com/321k/FKScout. We’ll use the Overture Maps dataset, a provider of free and open map…
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What CP24/20 means for reconciliation in the payments industry
The global payments industry has doubled in size since I organised my first event on the future of Banking in 2013, to $2.3 Trillion in annual revenue in 2023. With the growth, there has been a number of challenges, including some notable failures to safeguard customer funds. Wirecard being the most prominent one in Europe,…
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Data team best practices in 2024
What’s considered best practices is constantly evolving, as new challenges emerge, and software change and automate the workflows of data teams. When Looker introduced a modelling layer with version control, it was a game changer for many data teams. When DBT introduced testable model generation inside data warehouses, it changed things againt. In 2024, data…
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Multi-currency accounting for transaction reconciliation
If you are doing transaction reconciliation for a Fintrech, are dealing with a somewhat unique challenge. The process of a reliable reconciliation process typically involves the following steps: