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Innovation in Financial Services

Archive for: March, 2009

a non-active Finextra member | 26/03/2009 | 2526 views

There is no question that mistakes have been made in the financial crisis and people rightly or wrongly are suffering the consequences of such actions. Investment firms are attempting to alter practices to ensure that such a disaster doesn’t happen again but what else can be done? The key is education. I am a strong advocate of implementing ... Tags: Cards

Tony Freeman - Omgeo - London | 12/03/2009 | 2404 views | 2 comments

no principles

I suspect the memorable phrase coined today by Hector Sants, CEO of the Financial Services Authority, will long be remembered as a turning point in the debate about regulatory structure. He said "a principles-based approach does not work with participants who have no principles". Go to http://www.ft.com/cms/s/0/2dbf2b7e-0ef8-11de-ba10-0000779fd2a... Tags: Risk & regulation, Post-trade & ops

Dean Procter - Transinteract - Sydney | 12/03/2009 | 2701 views | 2 comments

NFC Just Doesn't Mean Convenience For Consumers

Perhaps the lack of popularity of NFC is due to excessive assumptions regarding NFC and the absence of real benefits overall. The assumption in the article that other methods require more expertise on the part of the user is unfounded. I am personally familiar with systems which are both safer and easier to use than NFC and SMS. Customers choosin... Tags: Payments, Retail banking

Dean Procter - Transinteract - Sydney | 10/03/2009 | 3710 views

Barclays and Orange Team Up For Some Cheap Spin

Hardly mobile transactions. No different than sticking a chip to your shoe and waving your number 10's at the reader. While it is nice cheap spin it really isn't mobile, you need a reader plugged in somewhere for a start. I can understand Barclays wanting to leverage all that hardware and Chip and PIN infrastructure they shelled out for. I watch,... Tags: Online banking, Payments

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