Category: Jack Gavigan

Disclaimer: I am a member of the Open Banking Working Group (OBWG) and was involved in drafting the OBWG report. However, the thoughts and opinions presented here are strictly my own.

The OBWG’s report was published yesterday with the somewhat misleading title The Open Banking Standard. We’re a long way from a standard but this report is a significant step along that path. Its purpose is to lay out a roadmap for defining an Open Banking API standard that can achieve widespread adoption, and to put forward some strawman proposals, intended to generate discussion of their merits and weaknesses, with the objective of generating new and better proposals. Continue reading “Towards an Open Banking API Standard”

Yesterday was a significant day for FinTech in the UK. Having previously made it clear that the government wants to make London the leading location for the FinTech and digital currencies sectors, the Chancellor, George Osborne, used the Budget to lay out more details of how the government intends to achieve that. Continue reading “UK Government Outlines Support for FinTech and Digital Currencies”

During 2014, nearly 1.6m bitcoins were mined and more than 25m Bitcoin transactions were written to the Blockchain, which doubled in size, ending the year at 26.4GB. The ongoing growth in transaction volumes has led to a renewed focus on Bitcoin’s scalability issues.

Continue reading “The State of the Blockchain in 2015”