4165 Results from /regulation
Brett King CEO & Founder at Moven
A consistent theme keeps popping up as I discuss social media innovations with bankers these days. It is increasingly frustrating for innovators who want to use mobile, social media, the web and other such tools to get these past hyper-risk-adverse compliance specialists. It seems as if many of the banker's I'm meeting are saying that the favorite...
06 July 2010 /regulation /retail Innovation in Financial Services
Retired Member
Recently I co-hosted a webinar on AML sanctions screening alongside Chrisol Correia, Director of Strategy at Dow Jones Risk & Compliance. The presentation gave us the chance to examine some of the challenges facing financial institutions in their payments sanctions screening programmes. Chrisol discussed some of the technical issues that can
06 July 2010 /payments /regulation
Stephen Wilson Managing Director at Lockstep Consulting
The Destination Hotels & Resorts cyber security breach is not the first report of credit card details being stolen from hotel databases. Hotels are a fantastic target for identity thieves. Hotel databases don't just hold credit card numbers and billing addresses (which are held for weeks in advance of a stay and for weeks afterwards to secure...
02 July 2010 /security /regulation
Once again, some of the best football teams in the world have just bombed out of the World Cup – I’m referring to the USA... As an aside, England is gone too – in part due to FIFA’s technological ignorance and monitoring from the dark ages. The technology exists to help the ref make better judgement calls – why are they not using it? This is a com...
30 June 2010 /regulation
Roy McPherson
In 2008 the great and the good of the banking world were attending SIBOS Vienna with no more thought than for any previous SIBOS or banking trade show. Even as delegates were checking into the conference on the Monday morning shockwaves were sent throughout the assembled bankers as news of Lehman’s and the fall out of the toxic loans hit the news
29 June 2010 /regulation /sibos Finextra@Sibos
In my recent blog posts, ‘Lessons learned from the economic downturn’ and ‘What does it mean to be a ’Well Managed’ bank?’, you may recall that we have been following the exploits of my 14-year old son as he attempts to find the right bank to open his first bank account. How hard can it really be? If you read my most recent post, you can see that...
29 June 2010 /regulation /retail Financial Supply Chain
If a Relationship Manager does not know where along the credit application process the latest customer lies, which credit analyst last tended to the application and how long it took that analyst to compile the memo for credit committee, the financial institution is operating at a severe disadvantage. The larger a borrower database, the more diffic...
28 June 2010 /regulation Social Banks
Reflecting upon a blog I posted 18 months or so ago, Denial of Business Attacks: A big headache coming your way? I was thinking about the forthcoming TV series of the hugely popular talent show the "X-Factor" and the battle for the Christmas no.1. For those of you not aware, or that one-hit-wonders erase from your memory faster than Engl...
28 June 2010 /security /regulation
Keith Appleyard IT Consultant at available for hire
I had an interesting experience during the volcano disruptions which showed how Phone Companies aren't doing joined up thinking on Security. I was stranded without phone access on my Blackberry. I emailed Virgin Media from my pre-registered e-mail account to ask them to give me international access for my location. Their response was that for my sa...
21 June 2010 /security /regulation Whatever...
The other week in a single day I completed 4 Charitable Donations forms where in 2 instances the paper form only asked for Cardnumber & Expiry Date, whilst in the other 2 instances they also asked for the Security Code to be written down. In the latter instance, one of the forms was subsequently returned to me as it was incomplete. If that had ...
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