This is a very short note I felt compelled write to share my sense of frustration. I am a strong believer in the Peer-to-Peer concept and business models. However I see an indiscriminate use of the "P2P" term for all sorts of solutions and offerings, with very little (to be generous) relation to the true objectives (and caveats) of P2P: ...
For many banks, back office systems for such critical functions as deposit accounting, loan servicing, and payment processing have been in place for decades, running on huge legacy mainframes. According to industry analysts, IT departments spend 70 to 90 percent of their budgets managing and maintaining these disparate systems, leaving little left...
As an Italian living in Monza, Formula One is sort of a lifestyle. The Italian Grand Prix is one of the longest running and most important racing events of the kind, having been held at the course of ...
In today’s competitive environment, financial services firms are faced with the challenge of maximizing revenue, reducing attrition, and maintaining customer relationships. That means adopting a holis...
When I wrote my comment to a previous announcement about the KYC registry I did not want to do the bird of ill omen to SWIFT although all planets seem aligning to put the bank cooperative into a corn...
Banks have seen a number of challenges over the past few years and now find themselves facing a brand new, unexpected challenger in the payments marketplace: the telecoms! Can telecom service provider...
Two very recent announcements from SWIFT and KYC Exchange represent the first concrete answers to growing market demand for a common and global repository for Know Your Customer (KYC) information. I...
Emerging trends-Impact on banks & what they are doing Currently, the main focus across banks is on innovative use of technology and in the below three streams: 1. Products, services and markets ...
I recently published a blog post titled “International Expansion in Financial Services” discussing how banks are supporting the needs of multi-national companies through expansion into new geographie...
Corporates in advanced economies are accelerating their international expansion ambitions as they look to escape slow growth at home and expand abroad, looking to capture sales growth in geographies t...
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