3658 Results from /retail
Retired Member
I think that the biggest threat banks face is lack of trust and ethics. Payments are based on trust. Consumers will be looking hard for alternatives. There will be plenty. Payments is only part of it. Consumer credit is next. There's more...
30 September 2008 /payments /retail Innovation in Financial Services
John Cant Managing Director at MPI Europe Ltd
As we can see from this news on JP Morgan's takeover of WaMu, hardly a day has gone by over recent weeks without a new banking takeover being announced. The ability of the acquiring banks to merge, integrate and leverage their new purchases has now become strategic to their future success. Even if they have made their purchase at a heavily discoun...
29 September 2008 /regulation /retail Operational Risk Management
Alex Noble Account Director at McAfee
So Barclays, or at least Barclaycard, have just been fined the maximum Ofcom (the UK communications regulator) can manage for making silent outbound calls. The story is well covered here on Finextra. What is perhaps more surprising is that the maximum fine is £50,000 and that even in a credit crunch this is not going to inconvenience Barclays hu...
27 September 2008 /retail
Paul Penrose Head of Research at Finextra
The Netherlands Bankers Association have launched their own inimitable viral-style Web campaign to alert people to the dangers of easy-money mule recruitment tactics (hat-tip to Linkdump). Although the campaign is only available in Dutch, the approach is bizarre enough to hold your attention. Somehow, I can't see the buttoned-up UK banks producin...
26 September 2008 /security /retail Video extravaganza
Mobile payments, mobile marketing, mobile trust services, mobile couponing, etc... Several business cases had been accomplished by several banks! SMSs, WAPs, Java Apps, Barcodes had been used and tried at banking sector. Mobile banking, making the financial transactions over mobile was the hottest business at 2007 and several banks had invested mi...
24 September 2008 /retail Innovation in Financial Services
Americans will carry about $1 trillion in credit card debt by the end of Christmas. Congress has just passed The Credit Cardholders’ Bill of Rights Act of 2008, known as H.R. 5244. Some of the reforms: - give account holders 45 days notice of any increases in interest rates. - Monthly bills mailed at least 25 days before the due date, up from ...
I've often read that the percentage of end-user activity in the Interbank foreign exchange markets on a daily basis is somewhere between 1% and 3%, and I suspect I could probably find a similar percentage of activity in other areas of the wholesale markets such as interest rate derivatives Speculative activity and risk transfer is crucial in the
22 September 2008 /retail Trends in Financial Services
Wall Street is history. Official. The news from New York that Wall Street's last two investment banks Morgan Stanley and Goldman Sachs are to convert into tightly regulated bank holding companies marks the end of an era for the capitalist economic system. The investment banking model that for decades has powered a global boom in leveraged finance,...
22 September 2008 /retail /wholesale Trends in Financial Services
Matt White North America editor at Finextra
Mick Jagger is joining a load of industry bods - including Steve Jobs - to draw up a report on barriers to e-commerce within the EU. He was asked to help out after taking part in a roundtable discussion on the subject in Brussels earlier this week. The report comes as the EU looks to make it easier for people to buy online across national borders. ...
19 September 2008 /payments /retail Whatever...
The current market turmoil looks like it's going to hit offshore outsourcing firms pretty hard. As the FT reported a couple of days ago, firms like HCL and Wipro are putting a brave face on the crisis, insisting the events at Lehman - a customer of both - won't have much of an impact on them. But despite the bullishness, Wachovia Capital Markets h...
19 September 2008 /retail /wholesale
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