01 October 2014

Innovation in Financial Services

Archive for: September, 2011
Pat CarrollValidSoft - London

Social media, the fraudster's friend?

30 September 2011  |  3540 views  |  0  |  Recommends 0

There is a growing number of examples of fraudsters using social media to extract personal information from customers. A recent case hit the Bank of Melbourne, when fraudsters sent direct messages with a link aiming to harvest users' Twitter credentials (Finextra Sept 16 2011). One of the problems for the security industry is that on social med...

TagsSecurityPayments
Bo HaraldZEF and Real Time Economy Program - Esbo

Putting the horse before the cart

27 September 2011  |  3634 views  |  0  |  Recommends 0

I have long been arguing that the natural way to SEPA-payments is through e-invoicing – especially now when ISO20022 for e-invoicing is ready. Here you do not need to force anybody to do SEPA-payments – they materialize automatically. And as posted before – a u-turn in direct debit – should also be done – e-invoicing becoming the master would save...

TagsOnline bankingPayments
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Bo HaraldZEF and Real Time Economy Program - Esbo

Still time for u-turn

24 September 2011  |  3370 views  |  1  |  Recommends 0

SEPA direct debit is a huge step in the wrong direction - making direct debit more complicated for users and more expensive for invoice senders (who naturally add these costs into higher prices - the ...

TagsOnline bankingPayments
Bo HaraldZEF and Real Time Economy Program - Esbo

First in the world

24 September 2011  |  2437 views  |  0  |  Recommends 0

Now the first e-invoice using ISO20022 e-invoice standard has been exchanged - cross-border and using SWIFT! http://boharald.blogspot.com/2011/09/first-in-world.html Now it is time for all intereste...

TagsOnline bankingPayments
Felix KronabetterRetail Banking Research - London

Finland the pioneer, Sweden the catalyst

22 September 2011  |  2909 views  |  1  |  Recommends 0

It is not an easy decision for banks to agree to pool their ATMs – they are, after all, giving up control of one of their key channels. So what is it about the Nordic countries which means they embrac...

TagsCardsPayments
Bo HaraldZEF and Real Time Economy Program - Esbo

Tax payer's money - and much more

17 September 2011  |  2847 views  |  0  |  Recommends 0

We all know how burning the need to save costs is in the public sector - to have to borrow less and avoid competitiveness destroying tax hikes etc. When this is coupled with a need to move a soon sc...

TagsOnline bankingPayments
Pat CarrollValidSoft - London

When is a bank not a bank?

15 September 2011  |  3490 views  |  0  |  Recommends 0

Increasingly the answer is “when it’s a telephone company”. Last week’s news that Canadian telco Rogers had filed for a banking licence was just the latest example of the competition between banking a...

TagsSecurity
Roger ElwellYes Please - Colchester

Sowing The Seeds Of The Next Housing Bubble

13 September 2011  |  4051 views  |  0  |  Recommends 0

Here in the UK, mortgage providers are already sowing the seeds of the next housing bubble. I read in this weekend’s Telegraph about a product innovation that is ‘designed to help first-time buyers g...

TagsRisk & regulationRetail banking
Bo HaraldZEF and Real Time Economy Program - Esbo

Disruptive innovations

12 September 2011  |  3338 views  |  0  |  Recommends 0

Rereading Christensen’s Innovator’s Dilemma. Some takes (emphasis mine) : - most successful enterprises get into deep trouble sooner or later and one theme common to these failures is that the decisi...

TagsOnline bankingPayments
Ward HagenaarQhuba Consulting - Utrecht

Who will be the payments processor of the future?

09 September 2011  |  7930 views  |  0  |  Recommends 0

I used to work at a large payments processor focussed on POS card transactions and ACH payments. Around 2000 we started adding e-commerce propositions, typicaly low volume high investment activity at ...

TagsCardsPost-trade & ops
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