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Digital banking has already worked wonders for those who want to beat in-branch queues, but some might argue that simply asking for a transaction to be completed is still easier than typing an instruction into a computer. The answer could soon be found in voice activation technology, with many smartphones now enabling users to simply say a command...
11 January 2012
Walk by the enormous gift card displays at big box retailers like Walmart, Target, and Best Buy, and you will see gift cards for Facebook Credits in $10, $25, and $50 denominations (Credits are currently worth $.10). Other than purchasing Credits directly through Facebook, this is currently the only mainstream way to acquire Credits. Yes, you ca...
04 January 2012 /payments
With 2011 drawing to a close, it’s clear that the year has seen exciting changes in mobile banking and payments, with innovative advancements to enhance the consumer experience being delivered. In particular, there have been positive developments from UK banks and retailers in the mobile banking space, culminating in the launch of Lloyds TSB’s suc...
22 December 2011
The holidays are, for some, an unbearably stressful time of year. The food, the parties, the relatives, and, of course, the gifts, all conspire to make miserable what should be fun and enjoyable. Here at DRS Advisors we are always looking for ways to apply the power of financial engineering to making life more enjoyable, if ruthlessly practical ...
19 December 2011 /payments
Brett King CEO & Founder at Moven
No one could doubt that peer-to-peer lending (or P2P Lending) has landed big time in 2010, but it looks as if the best is just about to come. The biggest US P2P lender, Lending Club, will issue more than $250 million in loans this year – greater than the last four years combined – for a total of nearly $450 million since inception. Their last $10...
14 December 2011 /retail
In my previous blog, I discussed the current hype surrounding mobile banking and how a fundamental step change in consumer behaviour means that mobile financial services is undoubtedly more than just a fad. At the same time, there are also those consumers who have grown up with all things digital and don’t know any other way to behave. I’m referr...
22 November 2011
There has been a lot of debate lately as to whether mobile banking and payments are more than just hype, with cynics purporting that consumer adoption will not take off. While consumers may not be rushing to get their hands on the latest banking app (yet), there is no doubt that a step change in consumer behaviour is taking place. This is evident...
14 November 2011
Sriram Natarajan Risk Dog at Credit Risk Fraud Cards Professional
The BIS released came out with a list of 'systemically important' banks.http://www.bis.org/publ/bcbs207.htm So, we now officially acknowledge that whatever happens, even if some countries go down, these banks cannot afford to fail. It reallymeans that whatever these banks do, we have to accept with grace and humility. It doesn't help that many of ...
06 November 2011 /regulation /retail
Dear Bank IT Manager, It is incredible how fast time passes. I think that the same week of my last post I sowed rocket seeds in my vegetable patch. Well, I still cannot eat the rocket but it is clearly visible in its row now and surrounded by spinach, cabbages and celery. Anyway, I would imagine that you are probably not very interested about this...
26 October 2011 /payments /regulation
So, Sir John Vickers’ ICB report has finally been published and many banks are analysing the detail behind the reforms, keen to understand the impact of ring-fencing on their business models and profits. Admittedly, the recommendations will require big changes to be made and banks will need to start planning soon for the 2019 deadline. However, if...
19 September 2011
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