3676 Results from /retail
Retired Member
I had an interesting conversation, concerning Latin America eInvoicing, with a CFO for a Fortune 500 multi-national yesterday. And this time, the conversation was not about the legislation that I typically write about or discuss. This time it was about the risks associated with using non-integrated, local vendors to manage eInvoice compliance. H...
18 March 2013 /retail Electronic invoicing
For now, the RBI has ruled out the possibility of Islamic banking in India unless existing laws are amended. But worldwide, Islamic banking is one of the fastest growing financial sectors with current global Shariah-compliant banking assets estimated at $1,166 billion, up from $1,086 billion in 2011. Since the launch of the first Islamic bank i...
18 March 2013 /retail
Graham Smith Director at Certeco
RBS’s NatWest customers were left high and dry this week when technical failures meant they couldn’t use ATMs, telephone banking, online banking or make card payments. Many disgruntled customers only found out when their cards were refused at shops and petrol stations across the country. The IT glitch meant systems were down for three hours. Nine ...
07 March 2013 /retail
Mukesh Gupta Director at SAP India Pvt ltd
Farmers in India are offered Kisan Credit Cards to provide adequate and timely support from the banking system to the farmers for their short-term credit needs. The banking industry can take a clue from this and introduce a retailer credit card for exclusive use by small-time retailers to pay to their suppliers. The idea: Banks to offer small r...
21 February 2013 /retail
When it’s a clothes horse. Or in a burger, where it’s masquerading as a cow. Okay, I’ve used a popular news story to entice you into this article, but the point I wish to make is exceptionally valid. Fraud is everywhere. In my previous blogs I typically discuss fraud as if it’s an online-only activity, but the truth is it can happen anywhere, in ...
20 February 2013 /regulation /retail
At a Finserv conference this week, it emerged that compared to their early adopter counterparts in the US, UK consumers are seriously lagging behind in the adoption of mobile banking services. In fact, the UK is also behind many developing countries in the take up of m-banking. This is borne out when you look at the success of mobile banking appl...
15 February 2013 /retail
What can we learn from the latest product miss-selling scandal? Last month the The Financial Services Authority announced that it is reviewing the practices of the U.K.’s big retail banks after finding serious problems with miss-selling interest rate hedging products to small and medium sized businesses. This new scandal will put even greater pres...
12 February 2013 /regulation /retail
Jp Nicols Managing Director at FinTech Forge
Five massive foundational shifts are impacting financial service providers of all types, and they are impacting those that serve affluent clients in especially unique ways. According to a study by KPMG conducted in June 2012, 9 out of 10 banks are considering a serious overhaul of their strategy, and 40% say that wealth management and asset manage...
12 February 2013 /retail Innovation in Financial Services
Julian Farley
The BBC recently published an interesting article “Why banks are likely to face more software glitches in 2013”. This is something that we should all be concerned about. As payments become more of a commodity, we expect availability and demand convenience. We all struggle to manage our finances, make sure we pay our bills on time, only to be let ...
08 February 2013 /payments /retail
Now, it may seem flippant of me to claim you can distil the ‘perfect’ fraud system down to five steps, but I’ve given it a go nonetheless by listing the five things that are going to be top of my list when speaking with clients about bringing their fraud monitoring system up-to-speed for 2013. 1) Beware attacking zombies Know Your Customer (K...
08 February 2013 /security /retail
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