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Innovation in Financial Services

Archive for: April, 2008

Dean Procter - Transinteract - Sydney | 29/04/2008 | 4160 views | 5 comments

Ditch the cards and the card fraud is gone...

The obvious solution would be to look for a substitute, rather than try and do the same old card thing.I think everyone is pretty convinced that we'd like to lose the cards, especially if it means losing the fraud, and it can. I don't know about you but I think the future is with mobiles and the card is in the past and I don't even see ... Tags: Cards, Security

Ross McGill - TConsult Ltd - Yateley | 28/04/2008 | 4246 views | 1 comment

A Review of Corporate Actions Automation

Congratulations must go to Gary Wright who chaired the corporate actions automation conference in London week before last week. The conference did two things that are pretty rare these days. It actually did have dialogue between the panelists and the audience, due in no small part to Gary's forthright style of chairmanship. It also did an ex... Tags: Post-trade & ops, Wholesale banking

Dean Procter - Transinteract - Sydney | 28/04/2008 | 3806 views

How can Banks explore WEB 3.0 or whatever it's called?

The questions a bank needs to ask include:Do our customers know enough about our products and services? The answer to this is always no. Can we handle some (possibly negative) feedback? The answer to this used to be no, and that has to change to 'yes'.Do we have a mechanism in place to translate good or bad feedback into bette... Tags: Online banking, Retail banking

Dean Procter - Transinteract - Sydney | 24/04/2008 | 3043 views | 1 comment

Confusion in the Mobile Payments Market

I don't know whether to be concerned or pleased that 100 million of us may be paying by mobile by 2011. The Gartner report suggests that: wireless application protocol (WAP), - requiring software and expensive data connections,unstructured supplementary service data (USSD) - text based and potentially insecure even with extra software, and nea... Tags: Payments, Retail banking

Dean Procter - Transinteract - Sydney | 20/04/2008 | 5186 views | 1 comment

The 10 Inventions That Most Changed Retail Banking

Here are some of the influential technologies and inventions which have each in their own way revolutionised the retail banking business in the last 1000 years. Money, guarantees and loans have been around for the millennium. I looked for something new, and didn't really see any change between the Crusades and and the 19th century. The first en... Tags: Cards, Retail banking