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Innovation in Financial Services

Archive for: July, 2012

Colin Day - SunGard - London | 20/07/2012 | 2612 views

Keeping track of the Asian private banking evolution

Competition for high net worth (HNW) clients is pushing banks to innovate around new product offerings. A huge influx of wealth & private banking businesses has sprung up in the region, focusing on the wealth that is being generated domestically. This is typically new money, first generation wealth and therein lays the challenge for established... Tags: Online banking, Retail banking

Alexander Peschkoff - TEDIPAY - London | 18/07/2012 | 2449 views | 2 comments

Apple vs Google: user experience

The following fact always comes as a surprise to many people: there are very few technologies (as opposed to features) that Apple actually invented. Take iPhone, for example: Apple simply "glued" together (OK, it was far from simple and trivial, but still) components and technologies that existed for a number of years elsewhere. It all started wit... Tags: Mobile & online, Payments

Pat Carroll - ValidSoft - London | 18/07/2012 | 3261 views | 1 comment

Protecting Pin Pad Payment

It was interesting to read in the FT's special on 'Cyberwarfare' recently which identifies that pin pad payment terminals pose a security risk for millions of consumers. According to MWR InfoSecurity, cybercriminals can use fake cards containing a software code to gain access not only to a customer's PIN and primary account numbers shown on the fr... Tags: Cards, Security

Mark Gerzso - Bankfutura E-Finance Research - Budapest | 16/07/2012 | 2306 views | 1 comment

Would you share your savings goal on Facebook?

Personal Finance Management is in the focus of most banks nowadays. However, if it comes to PFM most banks (and vendors) are at the very early phase of their learning curve, at least, in the continental Europe. Bankfutura E-Finance Research has recently published a new market research and study on the financial behavior of German customers. The rep... Tags: Online banking

Alexander Peschkoff - TEDIPAY - London | 11/07/2012 | 1918 views | 1 comment

Should Amazon be slapped on the wrist?

A French friend of mine recently boasted about his "ultra-secure" credit card issued by his local bank - that card required SMS-based authorization of every transaction. There is nothing secure about SMS-based systems (SMS forwarding attacks were first reported six years ago), but that's not the point. I got my iPad out and in less than two minute... Tags: Cards, Retail banking