ATM Shimming and The Death of EMV 2

Sequels are never as good as the original. For the second time in ten years I am drawn to yet another media frenzy concerning the apparent premature death of EMV. Really? The story surrounds a hardw...

Business Knowledge for IT

Social Media and Mobile Payments Solutions

The Importance of Social Media in Shaping Technological Innovations is Profound! Fact: Mobile Payments via Social Media is Rapidly Growing No one can deny the importance of mobile payments solutio...

Mobile Bill Pay: NOT a Solution in Search of a Problem

In the developed world, mobile payments often get criticized as “solutions in search of a problem;” however, in the developing world, this is definitely NOT the case. While much has been written on

Bacs sets new record as over 100 million payments are processed in a single day for first time

A staggering 103 million payments were processed in just one day at the end of July by Bacs Payment Schemes Limited (Bacs), the organisation behind Direct Debit in the UK. Figures published by Bacs...

The Threat from Within - Internal Fraud

There have been a number of news reports this month in the UK around incidents of internal fraud within banks and other corporations. Coincidently, a number of research establishments and industry bod...

Re-imagining the Core: Bank Payments Systems

Fearless imagination. This is how Fortune magazine recently described the #1 needed competency of all business leaders. And this is exactly what bank executives need to transform their payment sy

Corporate Account Takeover Protection - Do we know our customers well?

Should banks go alone in the fight against customer financial depredation? The answer lies in the multi dimensional collaboration that banks are ready to establish with their customers and with the ba...

Shoppers without borders

Cross border e-commerce is growing at more than double the rate of domestic e-commerce and the size of the market is poised to grow to over $300 billion in 2018 across the US, UK, Germany, Brazil, Chi...

Smashing Financial Crime: how are we doing?

I watched a TV programme a couple of nights ago on how US special forces operated to combat terrorist operations in Iraq. They put all their intelligence agencies in a hangar in the operations zone, ...

Uneasy Alliance: Banks and FinTech Start-ups

“Keep your friends close, and your enemies closer.” Sun Tzu, Chinese general and military strategist, uttered these famous words around 400 B.C. Today, this quote could be used to describe perspec

Is the HIPPO crushing innovation?

There is a lot spoken about the need for all industries to be able to innovate in order to prosper. This is no different for the banking industry but are the incumbents doomed because they cannot inno...

Is the Banking Sector the Next Big Thing for Apple?

Over the past ten years, innovations in technology have dramatically changed how each industry operates and communicates, and the banking and finance sector is no different. The most recent disruptive...