157 Results from 2014, /retail
Retired Member
However advanced the security model used by a retailer's point of sale terminals, whether it be biometrics, EMV cards, one time passwords or any other kind, the single point of failure is the fact that useful data is left behind on the retailer's system. This makes it an attractive target for hackers, who bypass the authentication system, by hackin...
18 August 2014 /retail
FinGenius and TransferGo reach BBVA competition shortlist Two of Level39's startups have made it through to the European finals of BBVA's 'Open Talent' competition. FinGenius does AI tech for banks, while TransferGo deals with remittances for migrant workers. A marketer’s take on payments Response Magazine, a marketing and advertising mag, have got...
Nanda Kumar CEO at SunTec Business Solutions
What the regulation of payday loans means for retail banking. The FCA's announcement of tougher regulations for payday lenders in the UK has already split opinion. Whether a welcome protection for the financially vulnerable, or a sure-fire way to drive them into the arms of even less scrupulous operators beyond the reach of the regulator, the deba...
12 August 2014 /regulation /retail
Under-the-radar startups Bank Innovation, a banking innovation blog, has uncovered some fintech startups we should be keeping our eye on - a B2B payments system, an investment management tool, a debt collection startup and Ripple - the payment protocol which allows for cross-border payments. Stripe improves their receipts Stripe, the mobile and e-...
12 August 2014 /retail /startups
Steve D'Souza Business Development at Iress
The Financial Conduct Authority (FCA) has a clear set of guidelines that require wealth managers to demonstrate the exercise of their duty of care towards clients. All wealth management firms recognise that protecting their client’s interests is the major requirement in any service offering. This article will examine the issues currently surroun...
11 August 2014 /regulation /retail
Ketharaman Swaminathan Founder and CEO at GTM360 Marketing Solutions
Financial inclusion, banking the unbanked - call it what you will but, in a nutshell, the gist of these initiatives can be expressed as follows: People wish to borrow money only from banks; people wish to deposit their savings only in banks. But, since they can't access a bank, they're forced to dealing with loan sharks and blade companies. To prot...
08 August 2014 /payments /retail
Brett King CEO & Founder at Moven
Whether it is Bank of Queensland with their Hipster Branch launch, Citi's famed Apple-Store Branches, NAB's Crowd concept, Unicredit "Branch of the Future" in Italy and Bulgaria, PNC's Tellerless Branches, smaller regional players like South Shore Bank and Conestoga BankWerx, or the launch of Video-Interactive Teller's for TEB, Ion B...
05 August 2014 /retail Innovation in Financial Services
10 Downing Street opens doors to startups The government looks like it could be taking innovation a bit more seriously. David Cameron hosted a startup pitch in his living room. The doors of No. 10 Downing Street opened up to 10 'high-growth tech companies'. Tech's been at the PM's house before - but this time actual pitching took place. Notable p...
04 August 2014 /retail
Today’s banks need to cater to a new generation of digitally native consumers who have radically different expectations from brands than any previous generation before them. Understanding these customers is considered to be the holy grail of future business success. But getting to know this new generation of digital wizards is not as easy as it se...
Neelesh Parekh Advisor in Financial Services at .
Whilst the industry (Bankers) reel over having bonuses clawed back, I begin to ask myself if they really understand the responsibility that they hold? Making decisions on fixing rates, mis-selling policies and underwriting loans without understanding the underlying risk are all the sorts of activities that got us to where we are now (Lloyds increas...
31 July 2014 /regulation /retail
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