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Last month's publication by The Fair and Effective Markets Review FEMR, set out 21 recommendations to help restore trust in the wholesale Fixed Income, Currency and Commodity\ (FICC) markets. Recomm...
There are a number of areas of the digitalisation of financial services that represent opportunities for established banks and new entrants to the market. More than £1.7 billion is now transferred eac...
This weekend as we joined in wishing our American friends and family around the world a wonderful Independence Day, my thoughts turned to how Payment Systems are changing in historic ways in America, ...
On July 1st, PayPal the global payments company agreed to acquire Xoom, an online remittance specialist for nearly a billion dollars. Founded in 2001, Xoom is a surprisingly successful digital upstart...
Since I wrote HDFC Bank's PayZapp Ends My Bill Payment Woes, I’ve made a few more bill payments using the mobile wallet. All of them went through successfully (knock on wood!). I'm even more convince...
Not too long ago, Jeff Bezos sparked a tidal wave of controversy when he spoke of the potential of Amazon's 'Prime Air' drone delivery service. For those of you unfamiliar with the concept, for packag...
As “senior chap” in the industry I often get invited by investors to presentations from new “start-ups” to give a view. As we all know it’s a very exciting time in the industry and innovation is being...
With the enormous pressure facing the industry from customers and competitors alike, many banks are redefining their in-branch strategies. In fact some 2,274 branches underwent a refit in the past two...
When I first entered the remittances industry the separation of these two industries was seen to be one of the laws of the universe, just as mobile was isolated as the solely desired channel for which...
Payment for research and unbundling has been on the European regulatory agenda for some time. It has now escalated to a cross-border issue after concerns were raised with the US SEC by a senior US po...
In the 1985 movie Back to the Future Doc Brown coined the immortal phrase “Marty, where we’re going we don’t need roads”. In 2015 we can coin a new phrase “Boss, where we’re going we don’t need Humans...
The UK payments system, Faster Payments, is the world leader in real-time payments. It is likely to process over 1.2 billion transactions in 2015, a volume far ahead of all other similar systems globa...