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Cutting costs is a priority for banks and investment in the right connectivity solution is an important part of lowering headcount and improving the bottom line. It is true that most bank systems can...
After having survived the typhoon, the real business of Sibos has started: debating the key issues facing banks and their corporate customers. SEPA migration is still a key topic with its implications...
Day two and yet again talk about ‘hubs’ has been circulating through the conference. This is a perennial topic with barely a presentation or talk going by when the word ‘hub’ is not applied to yet ano...
In 2007, a U.S. couple fell victim to identity theft when a criminal accessed their online bank account and stole $26,500 from a home equity credit line. The money was transferred to an Austrian bank ...
As dawn broke on the second day of Sibos, delegates across Hong Kong woke up confused. Was Hong Kong being battered by a force 8 typhoon, or not? Conflicting emails and stories flew around the city – ...
There are certainly plenty of positive noises coming out of SIBOS and a real feel that the worst of the financial and economic crisis is over but is this flag waving just a bit to soon and overly opti...
The news item "Staff cuts ‘inevitable' as Swift contends with declining volumes" (FINEXTRA News, 14 September 2009) triggered some wider thoughts that I would like to share. SWIFT's need to ...
As the typhoon raged over us here at Sibos last night, I couldn’t help but think of the new storm that is brewing over the western banks as we speak. The reason I thought this was that ironically the...
Following the collapse of the sub-prime mortgage market in 2007, various government authorities and corporate organisations across Europe have reported losses from investment in derivatives products a...
Randy Vanderhoof of the Smart Card Alliance speaks a great deal of common sense about end-to-end encryption. It won't do anything to prevent replay attacks, nor to take the value out of stolen ID data...
I started out trying to improve consumer processes and interactions. This entailed connecting the dots between what was already out there in a consumer friendly and easy to adopt manner. It was pointl...
Payment Systems in Nepal - Vision 2009-2012 Submitted to: Nepal Rastra Bank Mission Statement: To develop an effective, efficient, reliable, accessible and secure payment system that is relevant to Ne...