191 Results from 2012, /retail
Samarth Shekhar Regional Manager EMEA at SixThirty Ventures
After five years of rehab, Citigroup has certainly figured out which side its bread is buttered and decided to go back to the old darling of banking, perhaps leaving the dealmakers licking their wounds. Not only are the "too big" banks whether in the US or Europe making the right noises about a strong Retail Bank as the core of their bus...
21 August 2012 /retail
Retired Member
The Reserve Bank of Australia (RBA) has been encouraging Australian banks to innovate for some time now. In a consultation paper released earlier this year, the Central Bank highlighted calls for the centralisation of the Australian payments architecture in order to implement a real-time payments system. This is a pertinent reminder that the impl...
16 August 2012 /payments /retail
Elizabeth Lumley Global FinTech Commentator at Girl, Disrupted
Does anyone remember the scene from season five of The Wire, when Proposition Joe starts laundering the money from the New Day Co-op drug cartel in an off-shore bank in Antilles? (If not, get the box set – we’ll talk in a few weeks). Well, new cartel member, Marlo Standfield keeps asking Prop Joe where his money is; so Joe shows him a bank statemen...
15 August 2012 /payments /retail Finance 2.0
Nick Ogden Chairman at Ogden Research
Earlier this month, the Bank of England launched the Funding for Lending scheme, to lend money at below market rates to financial institutions. It is designed to prompt banks and lenders to make more money available to homeowners and businesses. This renewed focus on bank lending to British businesses has intensified since Project Merlin, the attem...
14 August 2012 /retail Innovation in Financial Services
Only 46% of banks are confident that their company has adequate risk management tools and processes, and that management follows risk management recommendations, as found by a recent Tower Watson survey. This article shows how to refine risk management mechanism and maintain risk management culture on a high level. Risk managers are treated as an ...
14 August 2012 /regulation /retail Financial Risk Management
Martin Bailey Technology Product Director at Temenos
The world has been in crisis now for 5 years. That is a year longer than World War I and a year shorter than World War II. To me, the word crisis implies a short moment of panic when something is going to happen. Indeed Jeremy Clarkson uses the word "crisis" as a euphimism for orgasm. According to the Oxford Online Dictionary, a crisis i...
06 August 2012 /retail Transaction Banking
Andy Hunter CEO at Perficiam Ltd
Government's decision to wind up the Payments Council and vest control in some form of statutory body raises serious issues of governance and commerciality. The underlying assumption that civil servants are better able to determine market preference than bank executives seems an unlikely scenario. State managed Skoda was a constant butt of humour ...
06 August 2012 /payments /retail Transaction Banking
Late last week, Lloyds Banking group announced its mid-year results. Lloyds, the UK's biggest bank, posted a half-year loss of £439 million. The results were not surprising. The tide of economic turmoil from mainland Europe hasn’t receded and the group is still facing the full wrath of PPI claims. On the same day, a few hours later, Facebook ...
05 August 2012 /retail Finance 2.0
Ketharaman Swaminathan Founder and CEO at GTM360 Marketing Solutions
Over five years ago, I'd written a post titled Cheque Deposit Systems — Are They Really Worth It? During the next couple of years, I'd found this equipment to be down every other time that I'd visited the bank's branch to pay my credit card bill. My overall poor experience with this technology led me to conclude, in a follow up post titled Technol...
04 August 2012 /payments /retail
Sometimes, to understand where you need to go, you need to look back at what the past held. Banks previously employed a silo-based approach towards pricing and reacted only to competitive offerings when required. Supply and demand largely influenced prices and rates, which were considered in the context of other banks’ offerings, rather than from ...
03 August 2012 /retail /wholesale Innovation in Financial Services
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