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Innovation in Financial Services

Archive for: October, 2011

Pat Carroll - ValidSoft - London | 28/10/2011 | 4776 views | 3 comments

Mobile wallet - who and what will be a winner?

This week, McKinsey and EFMA issued a report on the future of mobile banking in Europe. Is it a surprise? Not exactly. What strikes me about the report is that whilst banks admit that they are not investing enough they do recognise that mobile banking is the way forward and will become the service of choice amongst consumers. What also strikes me... Tags: Security, Mobile & online

Pat Carroll - ValidSoft - London | 20/10/2011 | 3640 views

How to reap rewards of m-commerce growth

A clutch of recent news stories makes all too clear the opportunities and the challenges of the mobile payments revolution. First up, research from Barclays Corporate forecasts that m-commerce in the UK will increase from £1.3bn in 2011 to £19.3bn in 2021, or from 0.5% of total retail sales to nearly 5%. That is a huge opportunity, and... Tags: Mobile & online, Payments

Brett King - Movenbank - New York | 19/10/2011 | 8072 views | 4 comments

The biggest threats to the banking sector

Recently I've been discussing with bankers, economists, strategists and futurists the future of the banking industry. At a time when we've got the likes of the"Occupation of Wall St" (#OWS) through to discussions in various camps about the very survival of banking as we know it, a question you might ask is how did we get here so quickly? 10 years a... Tags: Mobile & online, Retail banking

Karl Rieder - GFT - London and Barcelona | 17/10/2011 | 3950 views | 1 comment

Banks Should Embrace NFC

Of the three models that I described in my last blog – credits by invoice extension, virtual credit cards by application, and virtual credit cards by NFC – which would benefit banks most? As I alluded to previously, mobile payments will involve more participants including the telco operators, technology companies, and software vendors. ... Tags: Online banking, Mobile & online

Bo Harald - ZEF Solutions - Esbo | 13/10/2011 | 3523 views

Miserable public isolation - who is holding back?

Who is holding back - governments or banks? Needed for accelerating citizens' use of government e-services: 1. That the public sector realizes that it is not the only service citizens use - and in fact one of the most infrequently used and then 2. allows and encourages citizens to use the so frequently used familiar and secure e-banking log-in-i... Tags: Security, Online banking