To fight cybercrime, a fundamental change in mind-set is needed

City of London Police Chief Adrian Leppard, at a recent Tech UK conference, said that up to 80% of online crime goes unreported to the authorities. The Commissioner told the audience that the scale of...

Global Wearable Computing Devices Market Poised to Witness Stellar Growth through 2020

Future Market Insights (FMI), in its recent report titled “Wearable Computing Devices Market: Smart Fitness Devices to Outpace Market Growth, 2014 to 2020” indicates that the global wearable computing...

PayPal - The Attacker Attacked

The introduction of Apple Pay did wake up a few folks in San Jose. So much so that eBay announced plans to split up eBay and PayPal – a major and sudden reversal of strategy. Did Apple’s announcement...

Can banks be more like FinTech companies?

In the previous post, I have made a statement that people not only dislike their retail banks, but they even distrust them. Despite that customers tend to stick around with their banks instead of swi...

Innovation in Financial Services

We can’t go on like this: A remedy for the personal information trust trap?

Samsung is currently taking a pummelling from the media. Last month it was criticised for its Smart TVs that ‘spy’ on people in their homes, selling information on their behaviour and viewing choices ...

How the end of free banking might actually be worthwhile for the consumer

Average household incomes in the UK have finally returned to pre-crisis levels, but after so many mis-selling scandals and financial impropriety this economic news has done little to alter people’s pe...

Maximize Online Commerce with Digital Cash

"Necessary evil." This is how many merchants in developing countries describe Cash-On-Delivery (COD) for online commerce. Although there are numerous negative associated with having to dea...

Cut the capital noose, breathe and start mobilising for industrialisation

For financial institutions, capital allocation challenges are an ever tightening noose threatening their very existence. Previously profitable business models are increasingly pressured, and the probl...

Enterprise apps: Why considering your user is a must

The Financial Services (FS) sector continually invests huge sums in IT to remain competitive and compliant in a post financial crisis world. In 2014 Celent predicted a global bank IT spend of $188 bil...

The Canadian governemnt is on the right path of nurturing their electronic payment system to protect businesses and consumers and bolster their economy's productivity.

I applaud the Canadian government's forward thinking about the regulation of their electronic payment system. A national cashless payment infrastructure in any country is the most important entity in ...

As anticorruption rules extend their reach, what should businesses be looking out for?

The UK law reform initiated by the Bribery Act 2010 created new criminal offences, with both individuals and employers potentially liable for a breach. The same year, the US Securities and Exchange Co...

Subject: Payment Processing Delays

This was the title of the broadcast message I received when I recently logged into my company’s business bank account. The message went on to say (and I will paraphrase here for brevity and to save th...