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The past decade has witnessed the wholesale electronification of global trading. The term “low touch” was coined to describe exactly this and the electronic routing of client orders to markets with th...
After almost two years since the Dodd-Frank Act (DFA) was put on the statute books, the first swap-related articles finally take effect on 12th October this year. Now everyone can be assured they are ...
FATCA is on everyone’s minds right now, with many financial institutions trying to figure out cost-effective and efficient ways to comply with this new IRS-driven regulation. However, it is important ...
Apparently Sweden is so close to being a cashless society (cash represents only 3% of the economy) that even churches have card readers for taking donations. Hmm. I have to admit to mixed feelings abo...
In today’s connected world it is critical that all transactions are running as efficiently as possible, and for organisations such as banks, ensuring any cash and payment services are working at all t...
System integration issues continue to present unique challenges to organisations seeking to make strategic decisions regarding product selection. Delivering applications to satisfy business needs requ...
For those in a hurry, here is an executive summary: ISO 9798, assisted by the likes of Verayo (as well as femtocells and in-store Wi-Fi). Anyone remotely familiar with EMV knows that it's a mess. EMV...
Further to my previous post calling for more SWIFT-style sharing of IT and back office among European Banks we now have (1) Deutsche Bank calling upon rivals to share investment banking technology; ...
The case of data theft at Julius Baer is a stark reminder of the need to protect confidential information from being exploited by employees. On the whole, banks trust their employees. However once th...
I had an interesting conversation recently that followed on from the Sibos 2011 Standards Forum in Toronto where the Canadian Payment Association (CPA) discussed its plans to use ISO 20022 for both Hi...
Startups have a variety of business models to choose from these days. Previously stonewalled Gardens of Eden have been opened up and made accessible on reasonable, in most cases, terms. Worldwide. Wit...
There is a small storm of activity coming in the next 18 months. And even though it is hurricane season, I am not speaking about rain and wind. I am speaking about the transition from CFD to CFDI for...