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I recall my parents explaining the secret model of Swiss bank accounts when I was a child in the mid-1980s. The purpose of the accounts, I was informed, was so that people who had stolen money could h...
With PayPal and others pushing the "it's time for wearable payments line", more handset payment developments and Visa and MasterCard trumpeting the increasing penetration of their respective...
The growth of Data Science as a discipline is attributable to the availability of new sources of data and to the increased focus on incorporating analytical outputs into every day decision-making with...
In an excellent article in the Financial Times, John Gapper notes that “Banks banged together in a 20-year spree of mergers and leveraged risk-taking, while old skills were replaced by computers, hav...
On 15th January 2014, The Basel Committee on Banking Supervision issued a set of guidelines, "Sound management of risks related to money laundering and financing of terrorism", describing ho...
The International Finance Corporation (IFC) estimates that microfinance has reached some 130 million people worldwide in the last 15 years. This is impressive growth, certainly, and has no doubt cont...
I can't say I was too surprised to see that Swedbank has scrapped its QR-code payment initiative. While the scanning of a QR-code could feasibly be used to trigger any function or transaction that ca...
Well, it looks like I'll finally have to remember the PIN on my infrequently used credit card. Visa and Mastercard have got their way after lobbying regulators so come August 1, POS terminals will on...
Regulators say that banks have not done enough to work out who owes what to whom. A report by the senior supervisors group of the Financial Stability Board has said: “Five years after the financial cr...
Global transaction banking (GTB) continues to be the most profitable business for banks and has seen a steady growth across trade corridors in Asia, Europe and LATAM. But in terms of differentiation, ...
Speaking to the Northern Ireland Affairs Committee on 8 January 2014, Sam Woods, director of UK regulator the Prudential Regulation Authority (PRA) condemned technology at UK banks as “antiquated”. He...
For decades, China has been known as the imitator and not the innovator. The argument goes that the West came up with social networking, mobile payments, group-buying, etc. and China imitated it, some...