Community
A discussion of trends in innovation management within financial institutions, and the key processes, technology and cultural shifts driving innovation.
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Brett King CEO & Founder at Moven
Although it is a long-time off yet, we can now envisage a time when most of the developed world, and indeed most of the developing world will no longer deal in hard currency. There are a number of drivers for this: 1. Impact of mobile payments 2. Tighter money laundering requirements, and 3. Cost of physical handling versus electronic transactions ...
02 September 2011 /payments /regulation
Bo Harald Chairman/Founding member, board member at Transmeri, Demos, Real Time Economy Program,MyData
We often come across statements that e-invoicing is a domestic issue - the cross border part is so small (some 5%) that we do not really need to care. This is a false picture as can be arrived at by just looking at the volumes of cross-border trade. The reason for this misunderstanding is that enterprises have to establish local subsidiaries and t...
01 September 2011 /payments
Pat Carroll Founder/Executive Chairman at ValidSoft
Every time that a fraud hits the headlines there is naturally a huge focus on how the crooks got hold of all those personal banking details – this Finextra story is a good example. But there is often less attention given to how they were then able to use the customer details to extract money from customers bank accounts. Take card cloning. Of cours...
01 September 2011 /security
Mike Kresse SVP Money Movement & Retail Solutions at FIS
People often ask me, “Hey Mike, when do you think checks will disappear as a form of payment?” This is a good question; not just because companies like mine are focused on helping other companies Leave the Check Behind, but because checks are costly; they consume natural resources; they are subject to fraud; and they are the most inefficient form o...
31 August 2011 /payments
Retired Member
Every corporate treasurer is undoubtedly faced (on a daily basis) with the following questions: Where in the world is my cash and what currency is it in? Can I mobilize it? Do I invest or borrow? At the end of the day, was I right and how should I protect myself from tomorrow’s risks? Why are these questions on the minds of Treasurers? Because ma...
31 August 2011 /security /regulation
On September 12 the UK’s Independent Commission on Banking (ICB) is due to make its final report. Most observers expect the Commission to recommend a much bigger differentiation between commercial/retail banking on one hand, and investment banking on the other. That will put “banking” back in the dock and trigger another round of debate, complaint...
31 August 2011 /security /retail
There is a lot of evidence that hunch is the best guide to good business. Due to scarce IT-budgets and even scarcer key skills many organizations have resorted to a systematic "business case" process approach. This all sounds very logical and orderly and is often difficult to argue against. And when we are dealing with big investments it...
26 August 2011
As the news of Steve Jobs' resignation rocks the world today, it's almost like we're reading his obituary rather than the news that a Fortune 50 CEO has moved on. The impact of Steve's resignation will be felt hard on Apple's share price no doubt, and even potentially hit the very fragile US market at a time of uncertainty. Although Apple's leader...
25 August 2011 /payments
I am not impressed by iZettle. Please hear me out. The concept of contact based card reader devices is nothing new. We see it all day. It so ubiquitous, that we don’t notice it at all; Let alone recognize it as an innovation. The accompanying video reveals all. Device 1: mobile phone, device 2: card reader and 3: the credit card itself. This is no...
19 August 2011 /payments
European data privacy laws are arguably the most stringent in the world. That should be great news for companies that meet them when those companies come to offer their services around the world. And that is why my company went through the complex process of applying for a Privacy Seal from EuroPriSe. We wanted to say that our product met a tough
19 August 2011 /security
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