1013 Results from 2011
Robert Siciliano Security Analyst at Safr.me
Five or ten years ago, it was relatively easy for scammers to trick people into opening email attachments that would launch malicious programs on victims’ PCs. Nowadays, most email providers won’t permit .exe attachments, so viruses may be saved as compressed files, or hidden behind links that appear to lead to PDFs or word documents. Scammers hav...
04 November 2011 /security /regulation
Hans Tesselaar Executive Director at BIAN
With the G20 meeting this week and the European banking industry coming together at Euro Finance Week on November 14th – 18th, the woes of the industry will no doubt be discussed at length. While issues of debt and lending hog the headlines, we must be careful not to lose sight of the importance of the infrastructure on which the banking industry ...
03 November 2011 /payments /retail
Retired Member
The proposals to update the Mifid directive governing European financial markets is just the latest in a slew of regulatory initiatives to hit the financial services market. The increase in regulatory attention in the financial markets is a global phenomenon, and shows no sign of abating in the foreseeable future. And given the backdrop of the cur...
03 November 2011 /payments /wholesale
Pat Carroll Founder/Executive Chairman at ValidSoft
Fraud prevention for financial institutions should be on the top of the agenda for banks and it seems their customers are beginning to think so too. Aite Group surveyed North American financial institutions’ fraud-prevention capabilities and found that customers are choosing those financial institutions with better security. This is a very welcome...
03 November 2011 /security /retail Innovation in Financial Services
Gary Wright Analyst at BISS Research
No sooner than the Eurozone crisis appears to be moving into calmer waters than another shock wave hits. Only a week ago it looked like Merkel and Sarkozy had agreed a deal to buy some time to ultimately solve the Eurozone crisis and now it looks like the whole thing is going to collapse. I know a week is a long time in politics but this is becomi...
02 November 2011 /payments Post-Trade Forum
Just a moment ago, Finextra tweeted an piece of Amex-related news: American Express has filed a patent for a system and method for using loyalty rewards as a currency. Any loyalty practitioner will find this statement odd. Loyalty rewards mostly operate on the concept of a 'rewards currency'. So, what is so different about this? Further reading r...
01 November 2011 /payments
According to a recent survey by Asian Banker Research, 71% of top tier banks in Thailand and Indonesia cite customer campaign management as a key challenge. Why? They struggle to integrate customer preference and behavioural patterns. This results in campaigns that are done on a basic level with mass marketing and overselling to customers. Regard...
01 November 2011 /retail
Earlier this summer, a story appeared in the press about a new Israeli company, face.com, which claims to provide the ability to recognise a photograph of a face on the web, create an algorithm based on measurements and then use the data to search for other pictures of the same person on sites such as Flickr and Facebook. This seems to be a tremen...
01 November 2011 /payments Innovation in Financial Services
Ketharaman Swaminathan Founder and CEO at GTM360 Marketing Solutions
My stock trading account and the bank account to which it is linked are both held at the same bank which is a Top 3 private sector bank in India. Around five-six years ago, this bank changed all bank account numbers from 11 to 12 digits by adding a leading zero at the start of the old account number. Therefore, an old account number like 001 0400 ...
01 November 2011 /payments /retail
Last week Google announced a partnership with Citizens Advice to offer consumers guidance on online security and privacy issues. Despite the rapid rise in e-commerce and online spending, there are still significant fears about how safe the internet really is. A recent poll by Ofcom found that 26% of UK internet users had concerns about the safety...
01 November 2011 Online Banking
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