1137 Results from 2015
Retired Member
A staggering 103 million payments were processed in just one day at the end of July by Bacs Payment Schemes Limited (Bacs), the organisation behind Direct Debit in the UK. Figures published by Bacs included 91 million Direct Debits and 12 million Bacs Direct Credits and surpasses the previous daily high of 99.3 million transactions, set in Febru...
20 August 2015 /payments
With Reserve Bank of India (RBI) giving in-principle approval to 11 entities to start Payments bank out of total 41 applications, same is being seen as a positive move by RBI towards making banking services available in unbanked areas and a big step towards Financial Inclusion in India. Payment Banks will be able to offer their products and servic...
20 August 2015 /retail Financial Inclusion
Bethan Cowper Head of International Marketing at Compass Plus
Security is a huge risk in modern day society both within and outside of the payments industry. Cyber-attacks are growing in frequency, size and complexity and the weak links that fraudsters penetrate are increasingly more obscure in response to the consistently evolving fraud prevention measures in place. Whilst sophisticated fraud detection and...
19 August 2015
The world has been waiting with bated breath for US to open the doors for core banking transformation. Reams have been written (digitally and on papyrus) and good time spent discussing with one objective question, When? My question is Why? Why should a bank that is in steady state of equilibrium unnecessarily assume the risk of transformation. As...
19 August 2015 /retail Transaction Banking
Paul Miserez Standards Department at SWIFT
Let us remind ourselves of the reasons why people and organizations want to standardize complex and costly processes. It is to reduce cost. That is exactly where standards can be a catalyst and the standards forum a voice. From 12 till 15 October 2015, a legion of standards enthusiasts representing banks, analysts, regulators, vendors and academic...
18 August 2015 /regulation /sibos Standards Forum
Konstantin Rabin Head of Marketing at Kontomatik
We are living in the times of the trust shift, while some 15 years ago people were afraid to use their credit cards for the Internet transactions, today some customers would rather hide their savings under the pillow than put them in the bank accounts. Consumers of financial products across the globe are losing their faith in banks, and this is wh...
18 August 2015 /retail
Robert Siciliano Security Analyst at Safr.me
Maybe you don’t mind the ads for that bicycle rack following you around in cyberspace after you visited a site for all things bike, but browser trackers (“cookies”) also create a profile of you that gets sold to other advertisers and third parties. Are you doomed to be stalked forever by bike ads? This is caused by third-party cookies. You can us...
18 August 2015 /security
Introduction In the face of unrelenting regulatory pressure, and to continue to improve risk management capabilities, the need to establish and maintain effective risk data aggregation processes and capabilities continues to be a key priority for the world’s leading investment banks. However, banks cannot easily improve their decision making and r...
18 August 2015 /regulation
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
Banks in Finland had signed up 217 000 enterprises for sending e-invoices - and 234 000 for receiving at the end of 2014. Corresponding potential for EU: 15,7 and 16,8 million. 3,9 million consumers were signed up for receiving e-invoices. Corresponding EU-potential 280,8 million. The number of e-banking contracts exceeds the population in Finlan...
18 August 2015 Innovation in Financial Services
e-banking customers in Finland used their e-banking passwords 56,2 million times to log in to public sector and other non-banking services last year. Up from 47,1m. Finland is a small country - so it may be useful to multiply into a corresponding EU-potential = 4 billion times. Does this save tax payers' money? Does it save citizens nerves? Oh ye...
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