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Showing posts from August, 2017

How to Pick Best Stocks in Share Market

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When thinking about investments, 3 things come to my mind, in Sri Lankan context. Buy real state in a suburb or a town that is fast growingPut in a Fixed Deposit in a bankInvest in the stock market As the current FD rates are in declining phase, it did not really come as a good option to me at the moment of writing this. Hence I thought to investigate a bit on investing in the share market as it doesn't really need a larger amount of money as to by a property as in option 1.
Below is an insightful speech by the richest person in Sri Lanka, who is known as a business magnate, 'Mr. Dhammika Perera', explaining how he started with share market (while the overall speech highlights many important facts, he specifically talks about share market from 6minutes and 26 seconds. Speech is in Sinhalese).

One thing he said, captured me that do not enter a business if you do not know about it. He also emphasized that it's the knowledge we should seek, not money, which surprised me t…

Regulatory Technical Standard (RTS) for PSD2 SCA in Plain Text

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Abbreviations Used with PSD2Payment Services Directive 2 -PSD2Regulatory Technical Standard(RTS)- A recommendation requested by PSD2 as a technical guideline to be compliant with PSD2 Strong Customer Authentication -SCAPayment Service User -PSUAccount Servicing Payment Service Provider (ASPSP) - the existing banksPayment Initiation Service Provider (PISP) - a third party entity or a bank itself that can initiate the payment process Account Information Service Provider (AISP) - a third party or a bank itself which can retrieve PSU's account information may be to show an aggregate view of all accounts. Payment Service Providers issuing card- based payment instruments (PSP) - payment service providers that existed in pre PSD2 era who are doing payments through card networks like VISA or Mastercard. Sometime this is also used to refer all PSPs including PISP and AISP.Common and Secure Communication (CSC) Third Party Payment Service Providers (TPP)Access to accounts - XS2A When addres…

The Role of IAM in Open Banking

This presentation discusses on PSD2 standards in detail with the PISP and AISP flows, the technologies involved around the standard and finally how it can be adopted for Sri Lankan financial market.