Resilience - Consult Hyperion

Brazilians wow the world of Open Banking

14th April 202214th April 2022by Margaret FordLeave a comment

At last week’s FDX Virtual Spring Global Summit, I received a glimpse into the huge strides being made by the Financial Data Exchange in the adoption of their data sharing API for the US market. In the context of minimal centralised regulation in the US, progress is driven by industry. This marks a substantial move away from screen scraping, which has historically been prominent in the US market. While the API approach provides value in terms of security and standardisation, many organisations still depend on screen scraping to support their business model.

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Biometrics on Cards

13th April 202213th April 2022by Ian PrinceLeave a comment

Improving Cardholder Authentication

On-card fingerprint readers have been in development for a few years now, with a number of products now in market from vendors such as Fingerprint Cards, Zwipe, Idemia and G+D.

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Safer Internet Day 2022 – It’s all about you!

8th February 20228th February 2022by Margaret FordLeave a comment

For Safer Internet Day, I thought I’d bring a Mediterranean theme. As a classicist, I frequently switch between ancient and modern, applying time-tested principles to emerging technologies. Plato had it right on data protection: the price of not participating in public life is to be ruled by less able men.

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Will 2022 start to drive the future of Interoperability and Inclusion?

13th December 202110th March 2022by Tim RichardsLeave a comment

Our overriding theme of this year’s Live5 is interoperability which will lead to inclusion. Whether this is in payments or transit, identity or as a generalised trend what we’re seeing is a collapsing of the barriers between silos. In some areas this is happening more quickly than in others.

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Point of Sale cyberattacks – is certification enough?

16th November 202116th November 2021by Neil McEvoyLeave a comment

The biggest news in payments security in the last month concerns allegations that point of sale terminals supplied by PAX Technology have been subverted to have the capability of launching cyberattacks. Details of the allegations can be found at Krebs and Bloomberg; in response, PAX Technology has published a rebuttal.

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The Role of Technical Due Diligence in Investment Cycles

11th November 202111th November 2021by Nick NormanLeave a comment

Have you noticed that some of the best attended events at conferences recently are the investment panels, populated by canny investors talking about where they are currently placing their funds? And so this was the case with Consult Hyperion’s recent webinar The Role of Due Diligence in Investment Cycles, featuring Jonathan Luff Co-Founder of CyLon, Europe’s leading investor in pre-seed and seed stage cyber and security technology startups. Howard Hall, Managing Director of Consult Hyperion North America, and Gary Munro, Technical Director Consult Hyperion and Dave Birch our Global Ambassador, who moderated the discussion.

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Big Tech, Financial Data … and resilience for critical infrastructure

17th September 202117th September 2021by Neil McEvoyLeave a comment

Victoria Saporta, BoE executive director for prudential supervision, has said recently that minimum resilience requirements should be required for the tech giants’ (and others’) hosting services, before they may process and store banking data. We strongly support these comments. We have identified this issue as one of a number of new risks arising from modern financial systems architecture, in recent Structured Risk Analyses that we have carried out for financial and retail organisations in North America, Asia-Pac and EMEA.

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The changing face of payments

9th August 20213rd September 2021by Tim Richards1 Comment

EMV is at the heart of global payment card processing. As a specification it governs the processing of billions of transactions globally, with the vast majority of those flowing through the international payment schemes. As a technology it has been incredibly successful, reducing fraud levels everywhere it’s been introduced and its extension into contactless payments is now the fastest growing area of face-to-face payments. The idea that EMV might soon be obsolescent seems far-fetched, to put it mildly, but there are reasons to believe that its hegemony is under threat.

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Pandemic working – reflections from our CEO

13th May 20213rd September 2021by Neil McEvoy1 Comment

We’ve now had well over year of sporadic lockdowns, of varying degrees of severity. I’m loathe to tempt fate, but it does seem that, in the UK, we’re heading towards a low background level of Covid-19, during the summer months at least. It’s therefore an appropriate time to examine the changed methods of working, and whether, or to what extent, they should be incorporated into normal practice.

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How Could Digital Currency Work?

26th April 202126th April 2021by David G.W. BirchLeave a comment

The Bank of England and the UK Treasury have announced a Central Bank Digital Currency (CBDC) Taskforce to coordinate the exploration of a potential British CBDC. But how could a digital Pound actually work? As it happens, this is something that Consult Hyperion knows rather a lot about. Apart from our work on the first British central bank digital currency (Mondex) back in the 1990s, our work on the first population-scale mobile money scheme (M-PESA) in the 2000s and our work on the most transformational contactless payment roll-out (Transport for London) in the 2010s, our practical experience across implementation platforms means that we understand the architectural options better than anyone.

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