Author: Sartaj Hundal
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Exploring Atomic Swaps: A Practical Approach to Interoperability in Blockchain
In the realm of blockchain technology, interoperability is a key challenge, hindering seamless communication and asset exchange between different blockchain networks. Atomic swaps present a promising solution to this problem, enabling trustless and decentralized exchanges of digital assets across disparate blockchains. In this blog post, we’ll dive into a practical code snippet that demonstrates the… Read more
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IBAN Account Closures
Getting off the plane in Finland came with a slew of interesting conversations in the metropolitan area back in October 2022 regarding digital infrastructure and continued strides for SaaS representation. During a practical customer case, a specific trigger for account closures at local co-operatives was highlighted as remaining undone. Here we highlight a pre-production macro… Read more
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Embracing Transparency: Why Our Payment Solution Runs Without Encryption
In today’s digital landscape, data security is paramount. However, we recognize that traditional encryption methods may not provide the level of security needed in the evolving landscape of web3 and smart contracts. That’s why we’ve made the deliberate decision to deploy our payment solution without encryption—here’s why: In conclusion, our payment solution’s deployment without encryption… Read more
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Disrupting the Payment Landscape: Prepaid Crypto Solutions vs Traditional Players like Eurocard
In the realm of payment solutions, traditional players like Eurocard have long dominated the market with their plastic cards. However, as the world shifts towards digital currencies and innovative fintech solutions, a new contender has emerged: prepaid crypto payment systems. Let’s explore the competitive landscape and understand why these solutions are different from Mastercard and… Read more
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Beyond Transactional Norms: Rethinking Disposable Cards and Behavioral Analytics in P2P Networks
In 2024, the landscape of peer-to-peer (P2P) transactions is rapidly evolving. However, amidst the proliferation of disposable or top-up cards, concerns arise regarding excessive fees and invasive behavioral analytics. Here’s why we’re challenging the status quo and advocating for a more user-centric approach to P2P transactions: The Disposable Dilemma: Disposable or top-up cards have gained… Read more
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Where has the Trading Desk Gone in 2024?
This week was a bit of a ride with OP Markets, OpenAI & Large-Language Models. Orbital sub-stations, satellite area networks, and outer space have provided a strong case to continue decentralizing Treasury infrastructure for virtual money. And by the way, I was not sponsored by Refinitiv, but I will let my friends at Trade News… Read more
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Unlocking the Power of BizTalk Datasets with Modern DataOps: A Journey of Efficiency and Insight
In the realm of payment terminal offerings, Electronic Data Interchange (EDI) has long been a vital component for seamless data exchange and transaction processing. One such prominent EDI solution, Microsoft BizTalk, has been relied upon for years to facilitate secure and efficient communication between diverse systems. However, with the ever-evolving landscape of technology, it’s time… Read more
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Data Modeling at Banks: Unraveling the Star vs. Snowflake Schema Dilemma and Overcoming Transformation Challenges
Throughout my career, whether having this discussion with small fund managers or Big Bank executives, both star and snowflake schemas have found common use for data modeling and organization. Let’s consider a high-level snapshot example to understand when to use each schema and why developers may sometimes overlook the fundamentals of transformation projects. Star Schema:… Read more
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The Importance of Formal Specifications: Maximizing Value and Ensuring Correctness
In the rapidly evolving landscape of investment technologies, where sophisticated tools like ChatGPT hold immense potential, the role of formal specifications remains crucial. While ChatGPT has quickly been adopted by FIs, its constituent solutions still require extensive vetting to maximize value and ensure the correctness of programs. In this article, we delve into why formal… Read more
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Strengthening Security and Revenue Protection: Moving Beyond Legacy PowerShell Scripts in Financial Institutions
Legacy PowerShell scripts have long been relied upon for various tasks at FIs, including transaction monitoring. However, as technology evolves, it becomes critical to address the potential risks associated with these scripts. In this article, we explore a specific real-world example where a PowerShell script processing error within Microsoft Excel led to a breach and… Read more