1136 Results from 2015
Robert Siciliano Security Analyst at Safr.me
Who needs guns, threatening notes to rob a bank when you can do it with just your fingertips inside your home? A hacking ring in the eastern portion of Europe may be the most successful team of bank robbers to date, having purportedly robbed $1 billion from multiple banks. This can only be done by infecting computers with malicious software (malwar...
04 March 2015 /security
Retired Member
Financial Institutions around the world are spending big on “Digital”, but what return on investment are they really getting? What real innovation are they offering? To me, all the mainstream offerings look very similar and yet deliver little in terms of value add. Many banks have a mobile APP with payments, statements and some simple alerts, b...
04 March 2015 /retail
There is a massive latent demand for financial services across Africa. This currently involves around 40% of the population, despite the significant progress that has been made across the continent so far. Previously, uncertainty on consumer engagement compounded with high technology prices prevented governments investing in the sector. But, a lot...
04 March 2015 /payments
What is catphishing? It certainly isn’t Garfield lazily sitting in a canoe holding a fishing rod. Catphishing is when a fraudster fabricates an identity and tricks someone via cyber communication into a phony emotional or romantic relationship—usually for financial gain to the scammer—because eventually he’ll hit the victim up for money. But anoth...
03 March 2015 /security
This blog is really an outcome of the questions/ comments I received on my previous blog on Apple Pay. Every one has essentially 3 main tasks when it comes to payments - pay friends/ relatives/ other individuals, pay billers, and pay merchants. I had written about how Apple Pay does not help me with all of these tasks in a holistic fashion. I rece...
02 March 2015 /payments
Formal checking of user access privileges to data and resources within a financial business is wholly sensible. Indeed, it is strongly mandated by a range of regulatory authorities. But with audits typically required every six months or annually, this does not provide enough access certification oversight and may allow access risks to creep in leav...
02 March 2015 /security /regulation
Is being yourself going to bring about change? Not if the majority of 'selves' don't purposefully drive it! I've blogged before about how firms should find a way to let employees be themselves at work. Although, as one kind reader pointed out, that doesn't further the inclusion agenda if being yourself means working in a way that excludes others! ...
02 March 2015 /retail
Stanley Epstein Associate at Citadel Advantage Group
Developments in the mobile payments world have really got me worried. I come across an ever increasing account of different banks and technology companies coming to market each with their own variations of what they call “mobile payments”. To start with the term “mobile payments” is confusing to most, even some seasoned bankers. What the man-in-the...
02 March 2015 /payments Innovation in Financial Services
Abhishek Chatterjee Managing Partner at Gartner Inc.
Banking industry is on the cusp of Digital disruption. Threats are no longer coming from their traditional peers, but from disrupters across telecom (Bharati Airtel applying for Banking license), cash rich retail (Amazon, Alibaba providing lending services) & Smart phone manufacturing (Google, Apple etc) industry. To complicate things further,...
28 February 2015 /payments Innovation in Financial Services
Greece, the sick man of Europe, continues to dominate the headlines as the latest chapter in the Greek economic tragedy has seen Syriza, the radical anti-austerity party rise to power and ruffle more than a few feathers in Europe’s corridors of power. But, many Greeks who supported their rise to power now say they have already betrayed their mandat...
27 February 2015 /payments
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