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In my last post, I discussed the recent findings published in the 2011 AFP Payments Fraud and Control Survey which concluded that the rate of payments fraud attacks remains stubbornly high. Continuing...
In my earlier blog I mentioned 7 innovative concepts a bank should embrace. Summarized, these were: Contextual relevance, social relevance, multi-channel presence, fun, simplicity, interactivity and ...
Hackers claimed yesterday that they had hacked NATO primary servers including nato.int. Read, this is not the library where 11,000 often amateurish passwords were used by Military, NSA and other perso...
There’s a philosophy I characterize as “Lucky to be a customer” within banking today. A customer comes to the bank, we make him jump through hoops we often call risk assessment, customer profiling or ...
The coming couple of years are going to be an interesting time for participants in the commodity markets as a “perfect storm” of regulation will hit them, above and beyond most of the other asset clas...
In recent blogs I have discussed the growing hype and momentum around mobile banking. However, much of the innovation in mobile banking services so far has come from outside the banking industry itsel...
Speculations are recrudescing over and over about the existence of European Monetary Union connection of deepening of Greek crisis. But the integration of financial systems are not seems to be stopped...
I attended a very good innovation meeting last week and there one senior banker said that innovations in banks are so difficult because there is an obsession with business cases. No innovation investm...
From Cutting Cost to Earning Business Value, a Big Leap for Transformation The following is one among the many definitions of transformation: “In an organizational context, a process of profound and r...
I was received a question about my article published some days before, that can account portability worth to banks? At first sight it’s easy to say yes. If using the analogy of regulatory intervention...
Sziget Kft the biggest Hungarian festival organizer decided to leave out cash from the biggest Hungarian summer festivals. The technology examined eligible according to my friend’s report. I’m going t...
CUT 50 is the name of the next phase in the Real Time Economy program run in Finland since 2006. It stands for cutting SME administrative costs in half by 2014-15. The main building blocks are the fol...