Welcome to Finextra. We use cookies to help us to deliver our services. We'll assume you're ok with this, but you may change your preferences at our Cookie Centre. Please read our Privacy Policy.
The rules that the European Commission is introducing around dealing with banks that fail – the ‘bail-in’ – are notable for not removing taxpayers from the process. Although they introduce creditors a...
Risk and control self-assessments have been common in the finance industry for many years – so why are they still relatively ineffective? I believe the answer is fairly straight-forward; it’s all to d...
My mobile phone rang this morning. By the time I reached it, the caller (with blocked caller ID) hang up. A minute later my (ex-directory!) home number rang. I picked up the phone. The person on the o...
This week saw the publication of the European Parliament’s amendments to the EU Financial Transaction Tax (FTT). As reported in the press, lower rates (until 2017) for sovereign debt and pension fun...
Hailo. Whilst hundreds of companies in the payments space are racing to solve the nonexistent problems (or, at the very least, problems which neither the consumer nor the merchant care much about), Ha...
The Financial Conduct Authority (FCA) published Policy Development Update no 2. This details the timetable for forthcoming publications including in: Q2 2013 a Feedback Statement to DP13/1 on “How t...
Much has been said of the benefits of open standards in banking IT. The introduction of open standards will reduce IT costs and improve banks’ flexibility to develop new and innovative products, which...
Having launched our first mobile application for iPad and iPhone (yes, we went native) – many of our internal discussions (more like heated debates!) centre around which mobile operating system should...
When devices are lost or hacked and your data is exposed, not only is this a pain to deal with, but you could become a victim of identity theft. Not only do victims of identity theft suffer loss of ti...
Financial collaboration and harmony between procurement and finance, for the majority of companies, seems to be a worthy but still unattainable goal. Speaking to the market, we have found that better ...
The most frequently cited and referenced part of PCI DSS relates to protection of cardholder data, mainly card number (PAN), cardholder's name and card expiration date. Now, Dave Birch of Consult Hyp...
Ever since banks started issuing credit and debit cards they also needed to supply customers with a PIN for cardholder verification purposes. These were for card usage at the ATM or POS terminal. The ...