1270 Results from 2013
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
Most countries have established e-society strategies aiming at ao providing public sector services via the Internet. Progress has generally been fast with general information sharing - but when it comes to private information (health, tax, social benefits, school records etc) - not to talk about signing documents - progress is generally stopped
08 April 2013 Innovation in Financial Services
Retired Member
As financial crisis looms large, most banks across the globe are showing remarkable alacrity in lapping up the recommendations made in Basel 3 as promulgated by the Basel Committee on Banking supervisions or BCBS. What transpired as an attempt to usher-in reforms in the late 80’s to urge banks to maintain adequate capital and liquidity positions, ...
08 April 2013 /regulation /wholesale
Gareth Ellis Account Manager at ACI Worldwide
With the mobile phone hitting 40 this week, it’s amazing to see how far it has come since the first model back in the 70s. With an estimated six billion mobile subscriptions worldwide, we’re seeing more and more handsets replacing many things we take for granted, including money. But for a decade and a half, mobile payments have struggled to make ...
05 April 2013 /payments
Paul Love VP Business Development at Konsentus
"Lets shake on it" - A handshake has always been the way to seal a deal. It is a human interaction, based on trust and relies on the honor and integrity of the parties involved. Last week an article in the Telegraph "Cash or card? Soon we'll be paying by handshake" suggested that customers may also be able to "pay by hands...
05 April 2013 /payments Innovation in Financial Services
The European Securities and Markets Authority (ESMA) has published a new Q&A on the European Markets Infrastructure Regulation (EMIR) to promote common supervisory approaches on the application of EMIR. The Q&A are split into the following sections: OTC derivatives - including definitions of OTC contracts, the notification and calculation...
05 April 2013 Financial Services Regulation
Many businesses today are struggling with retaining and growing an ever-fickle customer base and arguably one of the most affected sectors at the moment is that of retail banking. With customer confidence and trust in the UK banking system at an all-time low, many are reviewing alternatives for switching their business and voting with their feet....
05 April 2013 Finance 2.0
The news that Bank of the West has introduced a new feature to help customers check account balance without login left me a bit amused and a bit scared. The first thought that comes to my mind is, Are banks encouraging risky behaviour among their customers in the name of innovation? We have seen a spate of security incidents involving bank accounts...
04 April 2013
"The hardest thing of all is to find a black cat in a dark room, especially if there is no cat." It was Confucius who described the current problem that the payment industry is facing: there is none. At least, not the one they are solving. It is easy, with all the hype around "mobile", "contactless" and "a trillio...
04 April 2013 /payments Innovation in Financial Services
Amit Agrawal NA at in transit
P Chidambaram’s budget (Indian Finance Minister) gave the biggest surprise in his Budget speech by announcing a public sector bank exclusive for women. Currently in India as per 2012 World Bank Study, only 26% of women in India have an account with a formal financial institution. It is known fact in India women are discriminated against the loan gi...
04 April 2013 /retail Financial Services Regulation
I have read several articles on the bank/issuer centric approach to the mobile wallet. Sometimes I read what these analysts say and I hang my head in disappointment. Some say the mobile wallet will never be more than an idea; others say they disintermediate banks; and then there are those who say we are on the brink of something really great (I re...
04 April 2013 /retail
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