1137 Results from 2015
Alex Noble Account Director at McAfee
There’s a sense of inevitability about today’s announcement from the BBA, that in Britain customers are predominantly using mobile banking. Customers like to be able to do their basic transactions quickly, easily and conveniently – and the smartphone in your pocket with an app from your bank offers all three. The rise of mobile banking has been a ...
15 June 2015 /retail Innovation in Financial Services
Retired Member
Hong Kong regulators are taking the lead and cracking down on compliance. Last week its Securities and Futures Commission revealed inadequate KYC procedures within banks for onboarding. The HKMA is also calling on banks to up the ante on money laundering checks for tax reporting. Regulatory expectations and standards continue to increase not just ...
15 June 2015 /regulation /sibos
Mark Fry Business Development Director at Atos UK
To quote the 3 March Wall Street Journal: ‘The Driverless Car, Officially, is a Risk’. Car insurers are starting to include driverless cars as Risk Factors in their annual reports. Why? Because they will reshape customer demand, the way policies are priced, and the incidence and severity of accidents. All of a sudden, the driver is not the pivot ...
15 June 2015
Ganesh Guruvayur Senior Vice President, Head, Hub Solutions at Intellect Design Arena
Feeling the pressure of faster payments: With increased focus on faster payments, the time window for funds check based decisioning of payments is expected to get shorter just as for other categories of business validations on a payment. This is seen to increase the risk associated with rushed decisions on payments that meet with liquidity crunch....
13 June 2015 /payments
Big data belongs to next generation of data warehousing and Business analytics and it is capable to deliver high ROI for organization. Ten years before, we were not using the same amount of data what we use now. The amount of data is doubling every two years. However, organizations have been using the tons of transactional data over the years. Big...
Ralf Ohlhausen Executive Advisor at Pay Practice
The Not So Far East: Asia, the Next E-commerce Frontier With retailers around the globe concentrating their attention on Asia as the next frontier, many make the mistake of focusing too heavily on China. Whilst China is undoubtedly Asia’s golden child, Asia comprises the largest and most populous continent with a combined population of approximate...
12 June 2015 /payments
Since the 2008 financial crisis, the banking community has found itself transported into a new reality, with ongoing regulatory change now becoming, more regular, more concurrent, and more extensive, a situation we describe as ‘The New Normal’ for financial markets. Banks are facing an endless flow of regulation with little prospect of this decrea...
12 June 2015 /regulation
Tom Hay Principal Consultant at Payment Systems Europe
The final compromise text for the EU Payment Services Directive 2 (PSD2) has now been published and is unlikely to change substantially when passed as legislation, probably in September this year. Some significant details are still hazy, but the thrust of the legislation is now clear, so banks need to start planning their strategy to address the r...
Digitalization transformed customer behaviors and their expectations from banking; this forces us to change the way we do marketing. As a result of this transformation, Customer decision journeys have been altered radically and financial services are under heavy pressure to adapt this. At present, “Cross channel”, “targeted” and “just in time” off...
12 June 2015 /retail Innovation in Financial Services
The issues of deficits and debit provoked occasionally heated exchanges during Britain’s recent election campaign. One objective the rival manifestos all shared was in identifying areas ‘to reduce back office costs, waste and inefficiency’ – a common desire of all businesses. Despite numerous electronic procurement and invoicing initiatives, payab...
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