Monthly Archives: December 2013

Big Data says PRISM is bad for business

December 11, 2013

Most governments spy on their own citizens and those of other countries. Big Data technology gives some more scope than others. The Snowden leaks revealed that the US NSA and Britain’s GCHQ mined petabytes of data from a host of electronic sources, ostensibly to track terrorists as part of the covert PRISM project.  Sometimes they went by the book, submitting government approved requests to electronic media owners, ISP and mobile network operators who were signed up to PRISM. But they cut out the paperwork when there was only 24 hours to save the planet, which... More

Relationship banking 101: relate to your customer

December 6, 2013

Money laundering regulations are penalising honest retail bank customers while driving others into the cash economy, which benefits nobody, much less the banks themselves. I recently visited my bank to deposit a reasonable amount of money and transfer some money to pay a bill. Call me old fashioned, but it’s how I use my bank account. A polite youth asked me what was the source of my deposit (despite the fact that it was clearly tagged and inputted from a well-known UK Limited company, drawn on a UK bank) and why... More