1135 Results from 2009
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
EUROPEAN COMMISSION - High Level Group of Independent Stakeholders on Administrative Burdens exerpts from OPINION OF THE HIGH LEVEL GROUP "The VAT Directive explicitly allows the use of electronic means for sending and archiving invoices. The rules however leave too many options to Member States so that national requirements for electronic inv...
18 September 2009 /payments Transaction Banking
Matt White North America editor at Finextra
Couple of stories from the FT this week that demonstrate the value of social networks to the financial world (or alternatively, the media's obsession with Twitter and Facebook - you decide). First up, Nomura has apparently been using Facebook to track down Lehman Brothers graduate trainees so it can offer them jobs. I suppose it makes a nice change...
18 September 2009 Whatever...
Retired Member
I stumbled acrosss an article in the Telegraph this morning, "50 things that are being killed off by the internet". Most of the things that are getting killed off seem to be for the better - such as the annual phone calls to your uinsurers when your car insurance is about to expire. Never-the-less it's an entertaining 5 minutes read on...
18 September 2009 After hours
As we heard from Stig Korsgaard at SIBOS there a rather unique happy confluence has been arrived at as: 1. The EC Expert Group on e-Invoicing turned to UNCEFACT to get a global e-invoicing standard to use in EU - the obvious targets being to speed up adoption, cost-efficient integration and automation and at the same time further the Single Market...
18 September 2009 /payments Innovation in Financial Services
Robert Siciliano Security Analyst at Safr.me
We talk about criminal hackers, scammers and bold face conmen like they are mysterious creatures from the twilight zone. While they are certainly interesting and mythical creatures, fundamentally they are people. People who lie and do it better than anyone else. If only our noses grew every time we lied. Life would be so transparent. Social engi
18 September 2009 /security /regulation
SNL recently published an article discussing the FDIC's new policy change on de novo banks. In "Extending Bank's Adolescence," author Christina M. Mitchell writes, the "change effectively extends adolescence for young banks, lengthening the period of increased regulatory supervision required for de novo institutions in a move that i...
17 September 2009
From the broadest perspective, you could say buying a bank is like buying a car: you pick the one you want, kick the tires, and then make an offer. But because banking is a highly regulated industry and a bank purchase is never accomplished by one person alone, the sales process tends to get complicated and very time consuming. Many factors, like...
Uri Rivner CEO and Co-Founder at Refine Intelligence
Just when you think you’ve seen it all, cyber criminals come up with some jaw dropping social engineering trick that demonstrates their ability to innovate and adapt. RSA FraudAction Lab discovered an amazing new attack vector, which they dub “Chat in the Middle” phishing. It goes like this: The victim gets a Phishing email that appears to be comin...
17 September 2009 /security Innovation in Financial Services
The final full day of Sibos, and at last I get to the subject of standards. It had to come eventually! Today, I went to a very interesting session on implementing SWIFT standards, which included panelists from SunGard, Clearstream, Oracle, IBM and JP Morgan. For years, vendors have been asking SWIFT to make their standards easier to implement – FIN...
17 September 2009 /sibos SWIFT Matters
Gary Wright Analyst at BISS Research
You would have though that trade reporting would be a simple thing with the regulatory organisation specifying what they wanted reported, by what medium, by whom and when but this is all too simplistic for today's markets. A discussion with one of the UK's top firm's compliance officers this week opened my eyes to the sheer lunacy of regulatory re...
17 September 2009 /wholesale MiFID
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