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Now more than ever, robust internal financial controls are a top priority for a financial industry that is fighting to regain the trust of its shareholders. Automation is a sure-fire way to ensure tha...
For many organisations, social represents one of the most drastic changes in communications since the advent of email. Savvy businesses now effectively use the power of social to interact with their c...
When stock exchanges started up they were often either state-owned or mutually-owned by their members in order to share operational costs between market participants. It’s an interesting example when...
When you consider the furor about the monthly debit card fee in the U.S. or the Bank Transfer Day campaign, it is easy to understand why banks are wary of social media. However, they cannot afford to ...
In our last blog we raised the question of how to encourage merchant acceptance of mobile payments so that consumer demand for such payments might also be stimulated. We highlighted the conundrum tha...
I was doing a project some years ago for the OECD, looking at how to regenerate the electronics industry in the UK in the face of heavy competition from Asia/Pac. One of the most memorable interviews...
Banks will start to bring a raft of operations back on shore in 2013. In response to having to increase their capital ratios, banks will be assessing every possible avenue in the bid to rein in costs....
In 2012 I kept hearing sighs of relief about the implementation of one or another regulatory or business imperative being put off until some future date. Things that had been seen as a “priority” and...
According to a Barron's article titled The End of Cash?, the use of cash as a percentage of retail spending in the USA declined from 36% in 2002 to 29% in 2012. Extrapolating these figures - by using...
Many global financial organisations and banks are currently undertaking major efforts to transform their operational functions including HR, Finance, Legal and Audit post M&A. The drive is to achi...
2013 holds tremendous promise to the financial institutions that appreciate the difference that technology can make in risk management. Here at Scorto we have put together a list of New Year’s resolut...
There’s a ton of new devices flooding the market and it has been predicted by the North Pole there have been many good boys and girls this year who will be receiving them. Out of Santa’s sack will com...