5246 Results from /payments
Retired Member
It's very interesting to see that Southern Africa plans a SEPA-style payments harmonisation, and that they consider that learning from the experience in Europe could be very useful. Something that immediately springs to mind is to treat self-regulation with caution. In Europe, we are now actively seeking regulatory intervention to set an end date ...
26 October 2010 /payments /sibos
Brett King CEO & Founder at Moven
If I was to identify one dominant response from bankers at SIBOS this week it is confusion. Not confusion over the event, where to find sessions, or what they are doing here, but confusion over where the banking sector goes next. The fact is, after time immemorial where banking has essentially remained the same, bankers are suddenly thrust into a w...
26 October 2010 /payments /retail Innovation in Financial Services
Over the last couple of weeks, we have been running a short poll on the ACI website to ask peoples’ views on payment systems in advance of Sibos, and the results are now in. We asked respondents what is the most crucial element of a payments system, and interestingly only three percent identified the ability to generate revenue, and six percent poi...
It's Monday morning and everything is really getting started. Every last t has been crossed and i dotted. With that in mind, there is just time to take a look at the third and final theme that delegates will be discussing in Amsterdam - recovery - and how payments can play their role in achieving this. The economic crisis that started in 2007 and ...
25 October 2010 /payments /sibos Finextra@Sibos
As preparation for my SIBOS Long Now Innotribe sessions next week I've been talking to lots of geeks, thought leaders, bloggers and innovators about what comes next. This is by no means an extensive list, but here are a few of the disruptive innovations that are coming our way in the next couple of decades or perhaps sooner. The end of content, t
23 October 2010 /payments /retail Innovation in Financial Services
The President’s Working Group on Financial Reform issued an unusually inconclusive report on Money Market Mutual Funds. Published thirteen months after it was originally expected, the report simply encourages the newly formed Financial Services Oversight Committee to take up the matter. Treasury Strategies partner, Anthony J. Carfang, notes that
22 October 2010 /payments /sibos Financial Services Regulation
In yesterday’s blog, I focused on what regulation means for the payments industry. This time it is another of the key themes being discussed at Sibos that takes the focus: rebuilding trust. The breakdown of confidence in the wholesale banking market has created a significant customer funding gap in many countries. While banks look to lower costs, t...
22 October 2010 /payments /sibos Finextra@Sibos
As anyone who works in the sector knows, the financial world revolves around data – and this could well see banks become one of the largest adopters of cloud services. However, as Gartner recently noted, the cloud is overhyped in the banking industry and there is still a way to go before institutions capture the transformational benefits. The mos
21 October 2010 /payments
Most would agree that a bank can benefit from a centralised payments hub that is scalable and offers rich functionality. But while reducing the number of hubs brings a higher level of consolidation, what banks need is a more service-focused approach to payments. As discussed in my previous blog, service level payments means offering a differentia
20 October 2010 /payments
Sriram Natarajan Risk Dog at Credit Risk Fraud Cards Professional
This weird 'fatwa' by Somali Islamists seems to reiterate the fact that only paper money (cash) is the God they recognize! I found this quite intriguing. I have heard and even empathized with numerous objections to mobile / E -money - security, cost, usage issues, etc. But I haven't seen anything like this! The 'green shoots' of Mobile money and El...
19 October 2010 /security /payments
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