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A discussion of trends in innovation management within financial institutions, and the key processes, technology and cultural shifts driving innovation.
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Retired Member
I suspect the memorable phrase coined today by Hector Sants, CEO of the Financial Services Authority, will long be remembered as a turning point in the debate about regulatory structure. He said "a principles-based approach does not work with participants who have no principles". Go to http://www.ft.com/cms/s/0/2dbf2b7e-0ef8-11de-ba10-00...
12 March 2009 /regulation
Perhaps the lack of popularity of NFC is due to excessive assumptions regarding NFC and the absence of real benefits overall. The assumption in the article that other methods require more expertise on the part of the user is unfounded. I am personally familiar with systems which are both safer and easier to use than NFC and SMS. Customers choosing ...
12 March 2009 /payments /retail
Hardly mobile transactions. No different than sticking a chip to your shoe and waving your number 10's at the reader. While it is nice cheap spin it really isn't mobile, you need a reader plugged in somewhere for a start. I can understand Barclays wanting to leverage all that hardware and Chip and PIN infrastructure they shelled out for. I watch, w...
10 March 2009 /payments
An interesting article from Netbanker on bank charges. I am sure, every bank thinks on the topic: if no big money can be earned on (new) loans, then what is next? Transactions? Service? Additional products? The logical answer is to put charges on things which are big cost elements for the bank: branches, tellers, call centre people, paper statemen...
27 February 2009 /retail
Elton Cane Digital product delivery at News Corp Australia
I recently started to listen to the audio version of two of my favourite magazines - The Economist and New Scientist, and have been impressed by the convenience and quality. I'm not a fan of the word podcast, and prefer to think of the medium as a new take on traditional radio journalism. So, with that in mind, Finextra has teamed up with the same ...
26 February 2009
Bo Harald Chairman/Founding member, board member at Transmeri, Demos, Real Time Economy Program,MyData
Banks - especially Investment banks - are now being squeezed from all sides - revaluation of securitized papers to unrealistically low market price levels, losses from credit books as economies nosedive, new costs from all sorts of more or less needed regulation, restructuring costs etc - all also leading to higher funding costs. On the other hand...
16 February 2009 /payments
More competition in the already hyper competitive payments market. A new entrant noca.com is challenging the supposedly old guard. I suppose you can call Paypal old guard even though lots of people still haven't heard of it - they do have hundreds of millions of users. Problem is I think with Noca you won't get points on card purchases because of t...
11 February 2009 /payments /retail
Nick Ogden Founder and Director at RTGS.global
Gary Wright see https://www.finextra.com/blogs/fullblog.aspx?blogid=2447 sat and listened to a presentation that I made on Tuesday and wrote up a piece on his blog, due to reasons far beyond our understanding (technical issue we suspect) I have been unable to post my reply to a very extensive comments on to his blog site, so I apologise for th
31 January 2009 /payments
Stanley Epstein Associate at Citadel Advantage Group
As a committed operational risk professional, I cannot help but stare in amazement amidst all the financial ruin and desolation that surrounds us. There has been a lot of hand-wringing and pronouncements about credit risk, liquidity problems, lack of trust and the like. However to my mind these are all smoke. And this smoke conceals the fundamenta...
29 December 2008 /regulation
Earlier this week The Guardian had an interesting piece on the bonus culture at investment banks. The Financial Services Authority has written to the chief executives of major firms to urge them to review pay policies to ensure they take account of the risks being run by traders. And UBS is already moving in this direction by devising a system th...
12 December 2008 /regulation /wholesale
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