136 Results from 2013, /retail
Retired Member
I wince every time I hear bitcoin reaching new milestones in value - and I don't think I'm alone. 'Bitcoin hits $300' - I shudder. 'Bitcoin reaches $500 milestone' - I cringe. 'Bitcoin tops $1000' - I could cry. I think of the missed opportunity - my poor foresight. Why didn't I buy 1000 bitcoins when they were $0.50 each? That $500 outlay woul...
03 December 2013 /retail Future Finance
RBS customers suffered a systems meltdown on Monday evening as millions of customers of RBS, NatWest and Ulster Bank were left unable to make payments with their credit & debit cards Of course, this is not the first such instance of fundamental technical failures for card systems. In June 2012, a similar technical fault at NatWest meant that m...
03 December 2013 /retail
Andrea Donafee Managing Director at Cash Management Solutions
It’s called ‘Cyber Monday’, one of the busiest days shopping days of the year and cards failed. Across the country, parents were left unable to pay for their kids Christmas presents, customers were stranded at petrol stations, shoppers at supermarkets were left embarrassed. Many retailers will have noticed an unanticipated shortfall in sales in th...
03 December 2013 /payments /retail
Oleg Popov Senior Principal Business Analyst at Temenos UK
Banking industry transformation is an articulate demand coming both from the public and the regulators these days. How to approach that and what needs to be done is a matter of intense search and debate. Attached is a white paper on a potential approach to transform the UK banking industry. In fact, not necessarily the UK one only. In case there ...
30 November 2013 /regulation /retail
Biometric identification isn’t a new phenomenon, just ask the Babylonians. They inked their contracts with a fingerprint. Perhaps the scanning technology wasn’t invented yet but the basic premise was there. Even MI6 and the CIA have tapped into fingerprint identification, face recognition and retina scanning. It all sounds very Hollywood, like a s...
28 November 2013 /retail
Elton Cane Digital product delivery at News Corp Australia
It's been stop-start, but there are signs of growth. Reading Simon Strong's Finextra blog post about growing overheads as P2P lenders mature and become more regulated, and Dan Barnes' post about the growing involvement of traditional banks, got me thinking about the development of the P2P lending sector in Australia. There has been no shortage of...
27 November 2013 /regulation /retail Future Finance
Will peer-to-peer lending change the personal loans market beyond recognition? Or will increasing regulation and overheads erode its differentiators? Traditional savings products are not attractive at the moment, with typical interest rates for one-year cash ISAs at less than 2%. At the same time, peer-to-peer lenders such as RateSetter and Zopa s...
26 November 2013 /retail
With implementation just around the corner, most financial services firms would have hoped to now be making their final FATCA preparations. As it stands though, the Foreign Account Tax Compliance Act seems to have many reaching for the panic button. Layered with complexity and demanding in compliance, FATCA’s rollout next year will be a challenge...
26 November 2013 /regulation /retail Financial Services Regulation
On Wednesday, November 13, we hosted a webinar on enhancing retail bank revenue and profitability with product bundling and relationship pricing. Two key themes emerged from the discussion, including the need for banks to transition from product-centric to customer-centric propositions and provide customers with a meaningful value exchange. Also, t...
25 November 2013 /retail
Suresh Krishnan Independent Consultant at Self Employed
25 November 2013 /retail /wholesale
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