Profile

Location

Ottawa Canada

Member since

2003

Writes about

Payments Regulation & Compliance Start ups

Nahum's blog archive

2016 (1) 2013 (1)

Nahum Goldmann

Partner at BelPay.be

Message Posts: 3 Comments: 5

Bio Nahum Goldmann, Partner, BelPay.be, is a leading expert and a renowned lecturer on building and securing efinance, ecommerce and egovernance solutions. Career History Nahum has published several books, book chapters, articles and numerous reports on ecommerce, egovernance and efinance, Internet security and the role of SMEs in the new global economy. He had been a Professor at the School of Management at University of Ottawa, lecturing on Internet Marketing for g

Blogs

Book review: The Law on Corporate Governance in Banks

13 Oct 2016

I have recently published this review at the inaugural issue of Fin-Future magazine (see fin-future.com). I believe this book should be on the reading list of all UK and EU FinTech and banking executives. Book review: The Law on Corporate Governance in Banks An anthology of academic and critical viewpoints on highly topical issues in the governance...

Transaction Banking

Book review: Encyclopedia of civil, criminal and administrative liability for financial industry

08 Sep 2016

I had published a review of this remarkable book some time back at the American Bankers Association's Journal. I am posting it again here because I believe that it should also be a required reading for the executives of every FinTech startup, whether or not they plan to conduct regulated services or whose services might unexpectedly become regula...

Transaction Banking

222M Euros error - the importance of exception management

13 Jun 2013

http://money.cnn.com/2013/06/11/news/world/bank-error-napping/index.html Speaking of transaction banking and exception management, a bank clerk nodded off for a second while processing a transfer request and held down the number 2 on his keyboard, changing the amount from 62.40 Euros to 222, 222, 222.22 Euros, according to testimony before a Germa...

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Nahum is Commenting on

In the Blink of an Eye: How the Digital Age Intensifies the Risk of Bank Runs

Joris congratulations, great analysis! Of course, the ultimate solution to this existential challenge is simple and obvious -- with the introduction of THE central bank digital currency, there won't be much objective need for investment banks (and, as an additional bonus, Dr. Janet Yallen won't be able to talk out of both sides of her mouth). This will definitely protect THE financial system, once and forever. Let's assume that the time will come fairly soon (2030?) when at least some central bankers of the world would become digitally literate -- and will thereafter sort it all out. There is a rumor that in the new virtual paradigm bankers are now allowed to dream 24/7/365 about universal all-encompassing QE. But perhaps it is just a fake rumor. Hope you are doing fine. Kind regards Nahum Goldmann

05 Jun 2023 Reply Read article

Treasury management at SMEs - Still too neglected?

Joris, congratulations; excellent review! An additional way to reduce costs of SME SCF processes is by better aligning them with the supply chain, and also by optimizing corporate supply chains based on SCF analytics, especially in cases of rapid global expansion. Carry on the good work! Regards Nahum Goldmann

02 Jun 2021 Reply Read article

Have Neobanks lost their DNA?

Cyril, no, neobanks have not lost their DNA, as they have never had any to speak of. They just do not realize that retail banking has always been and will always remain conceptually unprofitable whatever they do (as postulated by Peter Drucker, who BTW started his working life as a London merchant banker). The new business and socioeconomic paradigm that we all live through now (aka "interesting time"), commodizes all transactional delivery of services in a hurry; i.e., it substantially speeds up margin erosion for every globally competing business. Plus you can't make much money with free checking accounts and negative interest rate. This of course does not mean that each and every bank is unprofitable at every given moment of time; Peter was talking of a long term process. It does, however, mean that "novel" banks should be built on the solid foundation of microeconomic analytics; not on the wishful thinking. Cyril, carry on the good work; unlike challenger banks you have a courage of asking right questions. Regards Nahum Goldmann

17 Dec 2020 Reply Read article

Supply Chain Finance preferred definition

Enrico, I generally like it and will use it in our article but would change it from the old reactive "banking paradigm" to the new proactive "corporate paradigm" definition -- by substituting just one word. It is not optimise but monetize! I don't think the banks would even know how to optimize it, as it should absolutely include optimization of the Global Value Chain as well; you can't optimize just the capital/payment component -- or the goods would never come on time. One more reason that SCF should be driven by the corporates. A sea of difference. Regards Nahum Goldmann

23 Aug 2012 Reply Read article