1246 Results from 2014
Retired Member
With a huge focus on wearable tech at this year’s event, what is the impact on the payments space? As you’d expect, Mobile World Congress saw some of the most exciting announcements and innovative product launches of the year. In line with Google and Samsung Galaxy Pebble announcements that have ruffled the media over the last six months, the 2014 ...
07 March 2014 /payments
The U.S. Department of the Treasury and Internal Revenue Service (IRS) has released the last substantial package of regulations necessary to implement the Foreign Account Tax Compliance Act (FATCA). In pursuit of its objective to detect and deter offshore tax evasion, FATCA seeks to obtain information on accounts held by US taxpayers in other coun...
07 March 2014 Financial Services Regulation
The Federal Reserve Board (FRB) has approved a final rule strengthening supervision and regulation of large U.S. bank holding companies and foreign banking organisations. The final rule establishes a number of enhanced prudential standards for large U.S. bank holding companies and foreign banking organizations to help increase the resiliency of t...
06 March 2014 Financial Services Regulation
The latest report from PwC, surveying 1,330 financial sector employees across 79 countries, has exposed that about 38 percent of the incidents were caused by an internal source. IT staff rank the highest as a potential internal threat because they have means and opportunity to commit a crime. Recent security breaches have highlighted the importanc...
06 March 2014 /security /regulation
Integrated Security: just joining the dots? Blog v0,2 revised at finextra request The heaviest and most persistent cyber attacks are aimed at the financial services industry. After all, it looks after that most attractive commodity, our money. I discovered recently that IBM detects an average of more than 111 million security events annually among...
A study, commissioned by the International Regulatory Strategy Group (IRSG) and authored by London Economics, considers the impact of the proposed financial transactions tax (FTT) on European households' savings in six EU member states. The member states covered in this study include four that plan to introduce the FTT (Germany, Italy, Spain and S...
The Prudential Regulatory Authority (PRA) has published a consultation paper "Supervising International Banks: the PRA's approach to branch supervision". This outlines how the PRA will supervise UK branches of banks based outside the EEA and explains in more detail the PRA's approach to EEA branches and subsidiaries. The PRA's framework ...
On the face of it, showrooming seems bad news for ‘bricks and mortar’ retailers. However, it also highlights a real opportunity to drive more footfall, customer loyalty and, ultimately, sales. The shopping habit, where consumers browse in-store and then buy online with their smartphones or tablets, is clearly resonating with the public. According t...
05 March 2014 /payments /retail
Alex Bray AVP, Omni-Channel Acquisition & Servicing at Genpact
I see and hear this a lot nowadays - in presentations and conversations. To be honest, apart from the questionable grammar of the question, I think the answer is pretty simple - NO! But scratch away at that simple answer and a more interesting question lies beneath… Why do we need to define channels? I worked in banking for ten years - at a time
05 March 2014 Online Banking
The G20 finance ministers and central bank governors met in Sydney and have issued a communiqué confirming that they will be focusing their efforts on substantially completing the following four core reforms: building resilient financial institutions; ending too-big-to-fail; addressing shadow banking risks; and making derivatives markets safer
05 March 2014 Financial Services Regulation
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