961 Results from 2012
Retired Member
The Parliamentary Commission on Banking Standards has been a hive of activity recently, gathering evidence from the chief executives of UK banks as well as key thinkers such as Sir John Vickers, who chaired the Independent Commission on Banking, and Andy Haldane from the Bank of England. The Commission is composed of a formidable array of talent f...
20 November 2012 /retail Payments strategies 2015-2020-2030
Gary Wright Analyst at BISS Research
I have been thinking a lot recently about networks and the sheer frustration and costs that abound in financial markets because the current market structures simply don’t work on any satisfactory level and are fraught with legacy technology, thinking and protective, vested interests. I have raised the question of why SWIFT is never challenged. In ...
20 November 2012
Robert Siciliano Security Analyst at Safr.me
There is no such thing as a truly secure password. There are only more secure or less secure passwords. Passwords are currently the most convenient and effective way to control access to your accounts. Most people aren’t aware of the numerous common techniques for cracking passwords: Dictionary attacks: There are free online tools that make passw...
20 November 2012 /security
A recent story about a teen romance gone wrong, had reportedly started on Xbox. Now their parents and police say the four Iowa teens have run away from their homes. Two teenage girls from Shellsburg and two teenage boys from Atlantic went missing in what police think may have been a plotted escape. One of the boy’s mothers said, “I don’t let him h...
Are banks further behind the digital age than first thought? In a story earlier this year on the FT, they revealed that most investment banks still rely on overnight batch data to make trading decisions. To quote the article exactly, it says: “In the financial services sector, most investment banks still rely on overnight batch data to make tradin...
19 November 2012 /security
Andres Fontao Partner at finnovista
I am recently back to Madrid from a week-long business trip to San Francisco. Despite working in the mobile financial services industry for the past 5 years, until this week I had never encountered a true opportunity to engage in native mobile payment and commerce transactions. Before arriving in San Francisco on Tuesday night, I could count with ...
19 November 2012 /payments Payments strategies 2015-2020-2030
Below we examine most common mistakes in scorecard development, and explain how to use them for most precise borrower rating and segmentation. Scorecards provide a set of weights assigned to characteristics that demonstrate customer’s credit worthiness. With scorecards, customers are evaluated and rated according to their potential probability. You...
19 November 2012 /regulation /retail Financial Risk Management
Let me begin with a disclaimer. I believe that what I'm about to tell you is true, but have no way of proving it. Apparently, a grocery superstore in the U.K. has become so adept at mining transaction data into insight that it can predict which couple is heading for divorce, based on what and how they're buying! That's the power of predictive ana...
19 November 2012
Trading stood still on more than 200 companies Monday, as a server kept the New York Stock Exchange from publishing quotes for most of the day. Taken alone, this seems like a technical glitch. But combined with earlier problems, such as Knight Capital in August, Facebook in May, BATS in March and other issues this year, the glitch begins to look l...
16 November 2012 /regulation
T+2 settlement looks like it’s on its way to a market near you in the next few years and although I accept that in many markets its not much of a problem in some financial instruments in domestic markets, the problems intensify considerably for cross-border investing. It’s not really a Eurozone issue, as we all know that London is the biggest ...
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