3823 Results from /retail
Retired Member
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
Brett King CEO & Founder at Moven
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
The emphasis is shifting from finding the system that precisely matches requirements to delivery capability - finding a core system that can be implemented with the minimum of trauma. Experienced core banking project managers will tell you how each time they complete a project they carry forward their success secrets to the next project - and thei...
The Total Disruption of Retail Banking - The Conclusion As we detach ourselves from physical artifacts associated with traditional businesses, traditional distribution models rapidly fail. The fact that you own or participate in a network or virtual monopoly that supports an outmoded distribution model is of no benefit when that network is surpass...
11 August 2011 /retail Innovation in Financial Services
Within the US$1+ trillion global professional services industry, the finance sector has recently looked susceptible to a growing chorus of start-ups looking to strategically rethink finance’s core business models and value propositions. Internet entrepreneurs over the past few years have embarked on a journey to challenge financial services g...
09 August 2011 /regulation /retail Innovation in Financial Services
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