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The banking industry is now firmly focused on driving down costs. The ‘big five’ banks actually saw their profits slump 40% on the previous year. The causes for this decline in revenue are complex and...
Let's for a moment think outside the box and try to forget about using the SE in the mobile phone as a secure storage for the card info ... consumers already have the proper secure elements in their c...
Money2020 was a great event that I missed. Yet, judging from media coverage and comments from people who did attend, there were few surprises there. There were some weird product launches like Loop; t...
Some of you may already know this, but most probably do not - Square's flat rate and no transaction fee pricing actually causes the company to lose money when it processes very small transactions. Bus...
Islamic finance has developed in two main directions namely Islamic banking and Islamic Insurance. Takaful insurance (also known as Islamic insurance) is not only an innovative approach to Islamic fin...
A member of the European Central Bank’s (ECB) Executive Board has made a speech which includes details of the ECB’s internal preparations for the single supervisory mechanism. Mr Asmussen said that th...
The European Parliament gave approval for the new EU bank supervision system which will bring some 150 of the EU's largest banks under the European Central Bank's direct oversight from September 2014
There has been much debate of late on Finextra and indeed everywhere about mobile wallets and mobile payments; with some very diverse opinions. Some argue that uptake of mobile wallets and payments is...
The Joint Committee of the European Supervisory Authorities (ESAs) has published its second bi-annual report on risks and vulnerabilities in the European Union's (EU) financial system. The report iden...
Specifications serve as a standard of reference for a certification process (e.g. laboratory testing, certification) that can be undertaken to guarantee these specifications have been implemented corr...
The European Commission has published a communication on shadow banking which sets out the Commission’s roadmap which aims to limit the emergence of risks (in particular systemic risks) in the unregul...
The European Securities and Markets Authority (ESMA) has published its advice to the European Commission on the equivalence of the regulatory regimes for over-the-counter (OTC) derivatives clearing, c...