47 Results from 2008
Sriram Natarajan Risk Dog at Credit Risk Fraud Cards Professional
The FBI (National White Collar Crime Center - Internet Crime Complaint Center) released their latest 'Internet Crime Report' for 2007. See http://www.ic3.gov/media/annualreport/2007_IC3Report.pdf The report actually claims a reduction in the number of Internet crimes reported to the ICCC in 2007 when compared to 2006. Does this mean Internet crime ...
05 April 2008 /security /regulation
Well, Blogs and Social media have made terrific inroads into our lives. This conference promises to be interesting. Check out: http://www.icwsm.org/2008/index.shtml Shows how important these channels are going to be and how much they are likely to influence many business decisions.
03 April 2008 /regulation
The below mentioned piece of wisdom arrived in my inbox yesterday. Appears to be one of the many profound pieces of wisdom on the subprime mess. It makes good reading; although can't decipher how to give credit to the originator of this masterpiece. ----------------------------------------------------------------------------- HOW THE CDO MARKET WO...
31 March 2008 /regulation /retail
Chartered Management Institute - UK has released an engrossing report on the what the workplace/ organisation will look like in 10 years. You can download the report and 'accessories' from; http://www.managers.org.uk/client_files/user_files/Milburn_21/Management%20Futures%20Report%20Final.pdf The report called 'Management Futures' outlines how ou...
24 March 2008 /payments /regulation
What is the most likely event to emanate from all the downslides in the financial market? Yes, the plethora of new laws and regulations. We saw Sarbanes-Oxeley in response to Enron and World Com. We had the Patriot Act after 9/11. So, what do you expect from the subprime crisis - new laws, of course! The first salvo seems to be fired off by the U...
22 March 2008 /security /regulation
In one of my earlier blogs, I laid out the opportunity of mobile numbers being used as 'citizen ID' and enabling access to credit to the huge mass of unbanked citizens of the world. Well, I now go a step further - we need a 'Universal Declaration of Mobile Phone Rights'. I think it is about time the United Nations passed a resolution requiring eve...
18 March 2008 /payments /regulation
APACS released the latest figures on UK Card fraud - http://www.apacs.org.uk/2007Fraudfiguresrelease.html It really shows how good criminals are in quickly exploiting 'systemic' loopholes. UK spent more than a billion pounds to implement chip and pin. Shows how truly globalized the criminals are! If ChipPin impedes my fraudulent activities in UK; ...
13 March 2008 /payments /regulation
Among the doom and gloom in capital markets across the world, the only stray streak of silver lining appears to be the impending IPO of Visa Inc. Much has been written by analysts on whether Visa can replicate the 'Priceless' act of MasterCard. Certainly, the success of the IPO will mean bring some much needed cash for the member banks. About 10 ...
10 March 2008 /payments /regulation
The current flavour of the spring season looks to be 'Sovereign Wealth Funds' - SWFs , as we lovingly call them. Looks like SWFs are here to stay and will keep us glued to their doings. The European Commission has sounded the bell and released its intentions to lay down a 'code of conduct' for these Knights in gleaming purses. Commission President...
28 February 2008
The credit card industry is on the edge. Being a card issuer is not the most comfortable feeling now. After the mortgage meltdown, an impending consumer recession, falling interest rates, regulatory pressure, Merchants crying over interchange, consumer activism, fraud...... The card issuer dilemma is indeed unique; they appear to be justified on ...
22 February 2008 /payments /regulation
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