3676 Results from /retail
Retired Member
Here in the UK, mortgage providers are already sowing the seeds of the next housing bubble. I read in this weekend’s Telegraph about a product innovation that is ‘designed to help first-time buyers get on the housing ladder’. Expecting to read about how house prices would continue to fall to affordable levels, and thus enable people to actually ...
13 September 2011 /regulation /retail Innovation in Financial Services
Brett King CEO & Founder at Moven
Last year I commented at SIBOS that there was finally the realization that things weren't returning to normal - a new normal was emerging. This was a common theme emerging from the myriad of discussions and debates over how the industry would emerge from the wreckage of the Global Financial Crisis. In their typical prophetical style, the Innotribe ...
09 September 2011 /payments /retail Innovation in Financial Services
I attended a conference by FST on the Future of Banking in New Zealand this week. Besides the buzz in the town around the Rugby World Cup starting next week, it was obvious that there is a healthy glow of innovation coming from the market in New Zealand. Many speakers focussed on social media or mobile innovation, but it was interesting also that c...
06 September 2011 /retail
Thoughts on the outcome of the debate on cloud computing and SaaS In my pursuit to understand cloud computing without frills, I found the document on NIST portal (http://csrc.nist.gov/publications/drafts/800-145/Draft-SP-800-145_cloud-definition.pdf) very informative and truly amazing; followed this up with ‘Gartner Highlights Five Attributes of C...
04 September 2011 /retail Innovation in Financial Services
Pat Carroll Founder/Executive Chairman at ValidSoft
On September 12 the UK’s Independent Commission on Banking (ICB) is due to make its final report. Most observers expect the Commission to recommend a much bigger differentiation between commercial/retail banking on one hand, and investment banking on the other. That will put “banking” back in the dock and trigger another round of debate, complaint...
31 August 2011 /security /retail Innovation in Financial Services
When thinking of the root causes of the recent financial crisis, clearly the unsustainable path of credit creation stands out as the central problem plaguing the financial sector. Due to the taming of inflation post-1982 and a secular decline of interest rates accelerated by changed aggregate savings processes in emerging economies, the price of c...
30 August 2011 /regulation /retail
Vilmos Levente Kovacs Managing Director at Simplexion Informatikai Kft.
Since Saturday became non working day bank have been the only closed service on weekend. Although in that accelerated world retail purchasing is shifted to weekend. Paying cashless seller only can reach the money in the next working day at best case. This statement also through to payment card transactions too because in case of card usage, only a...
24 August 2011 /retail Electronic Bank Account Management
I think the move to charging certain people for use of other banks' ATMs is deplorable - and we have been here before, only to see it dropped. Some of us remember that the introduction of ATMs was driven not only by customer convenience, but also by cost cutting initiatives. It was deemed cheaper to dispense by machine than it was to do so over th...
24 August 2011 /retail Transaction Banking
There's been a great deal of discussion lately about the impact of technology on traditional businesses such as bookstores, media, TV, newspapers and even on banking. We think we understand the impact of technology on books, magazines, CDs, DVDs, and newspapers, but many say that they are skeptical in respect to the impact of this on TV or the hum...
17 August 2011 /retail Innovation in Financial Services
or banks excel in being opaque I have been a long standing customer of a big 5 bank in Canada. Today, I transferred money to my daughter's account with the same bank. It is 5 hours now; the balance in my account is immediately...
17 August 2011 /retail Transaction Banking
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