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Innovation in Financial Services

Archive for: September, 2012

Michael Nuciforo - Keatan - London | 30/09/2012 | 4085 views | 1 comment

Reactive Decisiveness

We always strive to be first. For some people it becomes an obsession. It becomes their reason for living. Their reason for cheating... nobody remembers second they reason. This seems to be the way in most endeavours - except for banking. The industry that invented the ‘fast follower’ concept has started to struggle. The mentality... Tags: Online banking, Mobile & online

Karthikeyan Venkataraman - Infosys Limited - Johannesburg | 29/09/2012 | 2231 views

The banker and her iPad

Recently I was talking to the department head of a leading bank. She told me that her salespeople were using iPads. "Great, What do they use them for?", I asked her and she said "To login remotely to our CRM system". Wow, I thought, what could be a more inefficient way of leveraging mobility. Casting away all the inherent user friendli... Tags: Mobile & online, Post-trade & ops

Paul Gow - CJC IT Ltd - London | 28/09/2012 | 1984 views

Back to the future

It occurred to me the other day that in a world where everything seems to come in cycles, market data appears to be no different. If you go back as far as I do in this business and I’m guessing that you do because everyone in this industry seems to have been in it forever (…but that’s for another blog) then you will remember the... Tags: Dealing rooms

Brett King - Moven - New York | 26/09/2012 | 6913 views | 18 comments

Why the iPhone 5 means the end of the swipe and cards

It took almost two decades for credit card payments (followed by debit cards) to become globally ubiquitous, so it might be reasonable to think that a paradigm shift at the POS will take years to become mainstream. Why would you spend money deploying expensive NFC-enabled (Near Field Communication) POS terminals unless consumers were going to use t... Tags: Mobile & online, Payments

Bo Harald - ZEF Solutions - Esbo | 25/09/2012 | 2198 views

e-Invoicing is not a goal in itself

E-invoicing as such does not save the 250bn/year cost. It is an enabler - and that is why the focus should move to the next layers. Experts tend to dig so deep into details that they forget to communicate the big picture. What is the WHY for e-Invoicing? From the EC Expert Group angle the targets are clear: 1. Improve enterprise competitiveness.... Tags: Online banking, Payments