18 June 2013

Neil VernonTrade recs: on the fast track ...

Cashing in on the mobile wallet

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IT Operations Coordinator, Operations Services

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Risk & finance integration: How banks’ enterprise dreams meet their integra...

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Retail banking

Big data to drive banks' mobile wallet strategies - Finextra research

10 June 2013 | 8735 views | 1

Research from Finextra finds that banks around the world are looking to discounted offers and big data analytics to beat off the competition from telcos and tech start-ups as they battle for control of the consumer mobile wallet.

Security

Glasgow City Council hit with £150,000 penalty after laptops with financial data go missing

07 June 2013 | 1969 views | 0

The Information Commissioner's office has fined Glasgow City Council £150,000 following the loss of two unencrypted laptops, one of which contained the personal information of 20,143 people and more than 6000 bank acount details.

Risk & regulation

Dark pool trading costing US investors billions - study

07 June 2013 | 3108 views | 0

The effects of order segmentation by dark venues are damaging overall price discovery and market quality, and costing US investors billions of dollars, according to a study by Sydney-based Capital Markets Cooperative Research Centre (CMCRC).

Security

Corporate data breaches increasingly correlated with consumer fraud reports

07 June 2013 | 2149 views | 0

Data breaches are not just a hassle for businesses, but for consumers too, with over 50% of US fraud victims in 2012 arising from a corporate cyber break-in, according to a study by Javelin Strategy & Research.

Mobile & online

Investor relations site tackles social media and mobile

06 June 2013 | 2149 views | 0

An investor relations site that aims to tackle the regulatory risks and workflow hassles accompanying the emergence of mobile and social media channels has been launched by PR Newswire.

Wholesale banking

Was the London Whale a rogue trader?

06 June 2013 | 2244 views | 0

Speaking at Finextra's 'Holistic surveillance and the fight to prevent rogue traders' webcast, industry veterans David Clark and Simon Wheatley, along with Shaun Mathieson, senior consultant, global banking & markets, SAS debate whether the ongoing saga of JP Morgan's so-called London Whale trader constituted a rogue trader incident.

Mobile & online

Regulatory incoherence could stifle development of NFC - Acma

06 June 2013 | 2140 views | 0

Australia's communications and media watchdog is warning that regulatory incoherence could stunt the growth of NFC-based mobile payments in the country.

Cards

Authorities swoop on $200m carding forum; Microsoft hits Citadel botnet

06 June 2013 | 3539 views | 0

Gang members allegedly behind a Web forum used by crooks to trade credit card data have been arrested in Vietnam and the UK. Meanwhile, in another blow to the cyber-crime community, Microsoft has led an operation to disrupt a massive botnet used to steal around $500 million.

Retail banking

MasterCard makes contactless push in Japan

06 June 2013 | 2438 views | 0

MasterCard is to expand its PayPass footprint in Japan with a pledge to deploy 410,000 contactless terminals throughout the country over the next three years.

Wholesale banking

Bloomberg sets up $75m fund for tech start-ups

05 June 2013 | 2310 views | 0

Financial data and news giant Bloomberg has branched out into the venture capital world, launching a $75 million fund focusing on technology start-ups within its "broad area of interest".