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Google made waves last week with their announcement about Host Card Emulation (HCE) solution that allows, inter alia, to "emulate" EMV without requiring any secure element (SE). Oh my... Go...
My parents ran a small, largely cash business. My mum would make weekly runs to the bank on the bus with a plastic shopping bag of cash, on the understanding that no one bothered to mug a middle aged ...
The media is awash with speculation on the preparedness (or indeed, lack of preparedness) of buyside firms for European Market Infrastructure Regulation (EMIR). With the EMIR trade repository authoris...
Operation Waking Shark 2 is due to take place in Britain in mid-November and although it may sound like something from an episode of Homeland, it is in fact a serious test of Britain’s financial servi...
The news that US financial services firms are beginning to use peer-to-peer or person-to-person (P2P) platforms as a method of reaching borrowers is a bit concerning. More worrying is that P2P loans a...
A detail sprang out at me in the recent investigation into Mizuho Bank’s accidental funding of organised criminals in Japan. The bank funded loans via an associated firm, Orico, which acted as the len...
The Hong Kong Securities and Futures Commission and the Dubai Financial Services Authority have entered into memoranda of understandings (MoUs) under the Alternative Investments Fund Managers Directi
The migration of software development to low-cost offshore locations has, thus far, been a major trend in the 21st century. Prompted by the dual challenges of reducing costs whilst simultaneously adap...
Over the past 3 years, online banking in Asia has been growing rapidly. A recent survey indicates that the usage of Internet banking has increased by 28% across Asia in the past five years, and the fr...
I worked on the first web-chat deployment at a high street bank back in 2006. At the time, we were convinced it would deliver us a range of sales and customer satisfaction benefits. And yet, it floppe...
Credit cards are expensive. According to BankRate.com the average US annual percentage rate (APR) charges on credit cards is 15.35%[1], but that’s down in recent years. During the financial crisis so...
Honesty is the best policy, right? I’ve spent my life being honest, and do you know what is the most important lesson I’ve learned is? The truth hurts. And when you (meaning me too) says it like it is...