1137 Results from 2015
Retired Member
The Isle of Man, indeed the entire World, stands on the edge of a new technology era. Since the arrival of the Internet a piece has always been missing. That has all changed now with the arrival of decentralisation via the Internet. New advances in cryptography and computer networks have resulted in the emergence of new technology that will change ...
21 July 2015 /payments
Charmaine Oak Co-Founder/Director at Shift Thought Ltd
I had an opportunity to catch up with Nitish Asthana of First Data who provided a fascinating account of how the fast moving payments scene in India is changing the very fabric of daily life. As 900 million mobile phones become potential new payment instruments for the 1.2 billion population, this has a potential to transform not just consumer paym...
21 July 2015 /payments Innovation in Financial Services
Paul Blank e-Trading Solutions at TradAir
Interesting to see that Profit&Loss running a story that the US futures Exchange ICE may be preparing to buy our all three shareholders (Credit Suisse, BNY Mellon and FXCM) of FX platform Fastmatch for around $200m-$250m. As the FX market continues to fragment, and higher regulatory costs for bilateral trades start to bite, exchanges are no dou...
20 July 2015 /wholesale
Ganesh Guruvayur Senior Vice President, Head, Hub Solutions at Intellect Design Arena
In the electronic payments world, the complex maze of payment product processors in banks, each dedicated to a payment type, led to the evolution of an envelope layer that would sit behind all payment origination channels and ahead of the core payments platform. This intermediate sliver application was responsible for efficient orchestration of pa...
20 July 2015 /payments
Rolf Enders Consultant at Capco
Radical cost-cutting, branch-closing and job-axing are no longer enough. In the era of digitalization, low interest margins, strict regulations and brave new-entrant banks will need to find a new approach to regain profitability. Most banks fail to earn their cost of capital. In Germany, for example, only 6% of banks earn their equity costs. Addit...
20 July 2015 /retail
Although the festive season is still five months away, restaurants are already taking bookings for Christmas. They are not alone - retailers and ecommerce outlets are also gearing up for what is generally their busiest spells. And there’s now some big numbers at stake. Some perspective - last year’s Cyber-Monday saw some online retailers report sa...
20 July 2015 /security /payments
Ketharaman Swaminathan Founder and CEO at GTM360 Marketing Solutions
Many discussions of security standards emphasize how Chip + PIN and Two Factor Authentication reduce fraud loss and exhort countries using Magstripe / Chip + Signature and Single Factor Authentication (e.g. USA) to immediately migrate to the newer technologies. Take for instance Campaign pushes for US adoption of chip and PIN on Finextra. ...
20 July 2015 /regulation
Alex Noble Account Director at McAfee
To say there is “hype” around FinTech doesn’t do justice to the some of the rather breathless reports that have recently been appearing. Some of this is a genuine feeling (bothin media and industry) that FinTech is where the internet was in the mid-90s, and no-one wants to miss that level of potential. Part of it, at least in my view, is that any s...
20 July 2015 Innovation in Financial Services
When you tap in with Apple Pay on the TfL's network in London (e.g. enter the Tube), the transaction goes to the issuer for authorization. In the case of Amex, they - unlike Visa - charge you £0.10 at the point. If you decide not to travel (e.g. due to service disruption/cancellation), that charge seem to remain... I don't recall seeing that charg...
20 July 2015 /payments Innovation in Financial Services
Under MiFID II, both buy-side and sell-side firms are required to record and to report on, separately, the algorithms used in making both the investment decision and the execution decision. In most agency workflows that should be straightforward enough; the buy-side makes and reports the investment decision, and the sell-side is responsible for th...
17 July 2015 /regulation
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