961 Results from 2012
Retired Member
The current correspondent banking solutions date from the 1970s and cards from the 1950s. Are they really the best answer for the 21st century? The current correspondent banking model was designed in the mid-1970s to support international trade flow of that era. It is an accepted fact by a growing number of bankers that correspondent banking is not...
19 March 2012 /payments
Martin Bailey Technology Product Director at Temenos
There is nothing so unjust as when you have to pay for something that you think should be free or if you have to pay far more than the value that you perceive. News on the Internet, credit card annual fees, tomato ketchup sachets to go with your sandwich, credit card surcharges or ticket booking fees for example. In many parts of the Western world...
19 March 2012 Transaction Banking
Two completely different news items from across the pond caught my attention last week. The failure of RBS to conduct appropriate due diligence on the ABN Amro takeover was in the spotlight again. It was announced that 17 former directors of RBS, including ex-CEO Fred Goodwin, are being sued by investors for £2.4 billion. In another major sto...
19 March 2012 /security /regulation Financial Services Regulation
In a rare instance of mutual benefit, the fast-growing popularity of mobile alerts promises to keep consumers happy while actually saving banks money. No wonder smart banks are jumping on providing quality, secure options for receiving information about accounts, balances and cleared items via text, email and RSS. I should point out that fast grow...
16 March 2012
Brett King CEO & Founder at Moven
In the Times business section in the UK today, Andrew Haldane, the Financial Stability Director for the Bank of England was quoted as suggesting that we are entering a phase where the banking sector is being reshaped as a result of technology. Haldane pointed to innovations like Kiva, P2P and social collaboration as some of the forces effecting th...
16 March 2012 /payments /retail Innovation in Financial Services
Elizabeth Lumley Global FinTech Commentator at Girl, Disrupted
OK, so some of you may know I spoke at SXSW in Austin, Texas on Monday. But before I get into the gist of what I talked about - I attended three panels - all looking at various angles on the theme of money. Taming the market in your pocket Credit Coins Cash: Social currency and Finance 2.0 The Future of Money As you can guess, most of the panels...
16 March 2012 /payments /retail Finance 2.0
Yesterday's post looked at the big risks in the CCP landscape from simultaneous requirements for mandatory margin, novated contract terms, complex portfolio and collateral valuations, reference data reforms, and default funds. Today we'll look at the competitive differentiators that potential CCP members, sencond tier swaps dealers, and even end ...
16 March 2012 /regulation Post-Trade Forum
Gary Wright Analyst at BISS Research
As the instigation of Legal Entity identifiers (LEIs) gathers pace and designs are becoming cemented, the question of ownership and implementation is still to be answered. What has already been accepted is that LEI has to be a 'not for profit utility and be open with global access that has no latency in supplying new LEIs. One perceived problem is...
The Rt. Hon Lord Lamont, ex-Chancellor of the Exchequer in his keynote address, at the excellent FIX Protocol conference earlier this week, gave not only a rounded evaluation of current economic troubles affecting the UK and Europe, but included the most intriguing analysis that China looks like running out of steam. This was the first time I have...
Olivier Berthier CEO at Moneythor
Kudos to the Transaction Banking practice of PwC for recently publishing their updated review of the trends in and around transaction services. It is a recommended read and does a good job at summarising the market forces at play and what they mean for Transaction Banking, indeed gearing up for a need to transform in a big way to stay relevant. K...
16 March 2012 /wholesale Transaction Banking
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