1137 Results from 2015
Retired Member
Personal financial management (PFM) applications should be one of the hottest topics for banks in Asia today. Mint.com has more than 10 million users. That is an enormous number and it proves that customers are interested in managing their money. Moreover approximately 90% of users say that PFM helped them to improve their financial habits. Though ...
12 June 2015 /retail
While we all wait to learn the final terms of Apple Pay for UK participants, I would like to speculate on the choices available to Apple. Apple takes 25 to 15 basis points out of the 1.25% fee that US issuers receive. Proportionally, their cut would be 4 or 3 bps out of a 30 or 20 bps MIF for UK issuers after PSD2. Hardly worth it, when European ca...
11 June 2015 /payments
The data regulation landscape is changing rapidly. Recent research found that in 2014 data breaches increased by 49% with more than a billion data records stolen or compromised - that’s 32 records lost or stolen every second. Incidents involving these institutions have shone the data regulation spotlight firmly on to financial institutions and th...
11 June 2015 /security /regulation
Elizabeth Lumley Global FinTech Commentator at Girl, Disrupted
...and I loved it. Payments professionals from a wide range of geographies gathered in Barcelona for Nacha’s Payments Innovation Alliance last week. The main topics of conversation centred on real-time payments, the upcoming PSD II, new entrants to the market and, of course, the blockchain. While the actual sessions themselves were under the Chath...
Josh was in high spirits, trading had been good that day. He had downloaded an algo app overnight that allowed him to arb Google dollars against Apple iCoins. It was no longer any use, of course, as by now everyone else had downloaded it too. But his edge had been that his simulator had processed it faster than anyone else. This was required by th...
11 June 2015 /regulation
In banking we have moved from talking about ‘online’ to using the word ‘digital’ as a common descriptor. The explosion of connected devices has been a key driver, and the take up of mobile devices among UK consumers is almost at saturation point making it increasingly the channel of choice for customers across industries. Financial institutions ha...
11 June 2015
There's a powerful combination of pressures at work in the banking industry – some of which challenge the very core of banking business: information and delivery. Aside from the global political, economic and regulatory landscape, it is the emergence of digital technology that has been the major disruptor to business as usual and long term strateg...
11 June 2015 /retail
Darren Capehorn Director of Services at Icon Solutions
Last December the European Retail Payments Board (ERPB) proposed a definition for a European wide immediate payment solution, which included the following summary text: “Instant payments are hence defined as electronic retail payment solutions available 24/7/365 and resulting in the immediate or close to immediate interbank clearing of the transact...
11 June 2015 /payments Financial Services Regulation
All companies try to align their strategies to what their clients demand. So it is usual to have a bunch of people thinking about clients' current and future requirements. Thinking about my limited world, there are many sources that show what banks want to do in the future: in-house innovation but collaborating with start-ups, disruption without b...
10 June 2015 Innovation in Financial Services
Providing digital financial services requires high level of security both on the client and bank side. At the same time, Digital Banking growth can only be achieved if the security and the functionality mixed in a right balance, otherwise security might become a business disabler. For this reason, Authentication of clients in a secure and easy way...
10 June 2015 /security Innovation in Financial Services
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