1137 Results from 2015
Luke Purser Principal Consultant at PSE Consulting
Today marks a significant date for interchange rates across the Europe as all EU countries align their domestic credit (0.3%) and debit card (no more than 0.2%) rates. Whilst several countries including Spain, Hungary and Poland reduced rates earlier in 2015, National Regulators in other markets are now obliged to enforce the next phase of the EU ...
09 December 2015 /payments
Retired Member
Introduction With Crowdfunding (both debt and equity) accounting for approximately $16bn globally in 2015 (Crowdsourcing, 2015) and FinTech being strongly populated with start-ups operating in the Lending space. The question needs to be asked, can the big banks take a piece of the action? Before answering that question, what is the threat posed to...
09 December 2015 /retail
The cost of compliance continues to be one of the hot issues in financial services. Year on year spend seems to increase but the question still remains – are the investments delivering a return and improving compliance? The short answer, not yet. The reason? Firms have had to implement many of their regulatory and compliance solutions tactically ...
08 December 2015 /regulation
I think so, at least following facts suggest so 980Mn+ mobile users and growing 270mn+ internet connections (projected in 2015) 350mn+ internet users (projected in 2015) 3rd largest Internet user base in the world out of which 50% are mobile-only internet users Supported by Digital India program by government of India Real time p...
08 December 2015
Recent figures from the Bank of England seem to indicate that we are heading for a fresh household debt crisis in the UK. People are borrowing at the fastest rate in almost a decade as confidence in the economic recovery grows. Consumer credit rose by £1.2 billion between September and October, putting the annual growth rate at 8.2%. The situation...
08 December 2015 /regulation /inclusion
Interesting piece in the Financial Times recently on the issue of alternative groups like P2P lenders, insurers and asset groups seizing business from lenders by offering cheap and convenient finance. Although they only account for two per cent of market share in the UK at the moment, that figure is rapidly growing. Of course, with the lending res...
I am currently re-reading Malcolm Gladwell's book The Tipping Point. The crux of the book is around what the author highlights as "The tipping point is that magic moment when an idea, trend, or social behavior crosses a threshold, tips, and spreads like wildfire. Just as a single sick person can start an epidemic of the flu, so too can a sma...
08 December 2015 /payments
Clearly, the payment services industry has got to the point where an important change is expected to take place. There are quite a few indications to suggest this. The EU has enacted and put into effect the legislation that regulates payment and electronic money institutions. Maxim Ivanchenko, CEO of Canopus IT, says that a new version of the EU...
08 December 2015 /security /payments
Another day, another robo-advice headline. It’s a human truth: we love to dissect a new trend and debate its merits. Internet communication amplifies this and we risk developing a distorted view of priorities; in particular, how to fill the growing mass-market advice gap. Here’s some context: type in robo-advice and Google returns over 900K entrie...
07 December 2015 /wholesale
With technology, regulation and compliance advancing at such a rapid pace, it's important that companies keep abreast of any change that is likely impact their business and, notably, their ability to process payments. One such imminent initiative impacting the internet globally, with a rapidly approaching deadline is the replacement of Secure Sock...
07 December 2015 /security /payments
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