191 Results from 2012, /retail
Brett King CEO & Founder at Moven
I grew up in a world where a run on the ‘bank’ was never realistically going to happen. I grew up in a world where when someone wished to declare the truthfulness of their assertion they’d simply say “you can take that to the bank” or when it was a sure thing they’d say “you can bank on it!” I grew up in a world where the government ‘guaranteed’ m...
01 August 2012 /regulation /retail Finance 2.0
Hans Tesselaar Executive Director at BIAN
I have written at length in the past about the growing importance of flexibility and efficiency in banking IT systems. As competition from emerging markets grows with the rising powers of Asian banks, combined with the increasing pressure from regulators, now, more than ever, European and North American banks need to be top of their game. It is w...
31 July 2012 /retail
Nick Ogden Chairman at Ogden Research
For months now we have been fortunate enough in the UK to sit back and watch as Moody's, the bank rating agency, set about a mission of degrading poorly performing banks. But all this changed last month, as a further barrage of bank downgrades saw Moody's downgrade 15 global banks and security firms - including some banks we are all particularly f...
31 July 2012 /payments /retail
Martin Bailey Technology Product Director at Temenos
Some things are very easy to put a value on such as a loaf of bread or a pint of milk. Services are harder to value and prices can vary wildly especially in different geographies. How much should we pay for financial services? I am lucky enough to live in the UK where free retail banking is de rigueur. For the most part, unless you want to dip into...
30 July 2012 /retail Transaction Banking
Retired Member
Asda is the latest supermarket to follow the trend and raise its profile in the personal finance sector. The UK supermarket giant recently announced its new brand, Asda Money, which offers its millions of customers an unlimited cashback credit card. This move follows a spate of supermarket and financial service provider collaborations, such as Mar...
27 July 2012 /payments /retail
The past couple of years have proven to be a testing time for retail banks. Not only is customer trust and loyalty at an all time low, but the ecosystem itself is changing. Traditional banking practices are being questioned, with the regulators leading the charge. New regulatory demands, while necessary for the rebuild of the banking industry, p...
24 July 2012 /retail
So finally the dam has broken and we have a new substantial national contender in High Street banking with the Co-operative winning the prize of 600-plus Lloyds TSB branches. Or do we? To paraphrase, this is only the start of the beginning for the “new” bank and not yet the beginning of the end. Reports suggest that the Co-operative Bank has had ...
20 July 2012 /retail
Competition for high net worth (HNW) clients is pushing banks to innovate around new product offerings. A huge influx of wealth & private banking businesses has sprung up in the region, focusing on the wealth that is being generated domestically. This is typically new money, first generation wealth and therein lays the challenge for establishe...
20 July 2012 /retail Innovation in Financial Services
According to research released a few months ago by Infosys and Ovum, around three quarters of European banks are using outdated core systems. Given the great costs associated with core system renewal, this will come as no surprise to banking IT professionals. We should, however, be concerned at the survey's findings that suggest these systems are ...
12 July 2012 /retail
A French friend of mine recently boasted about his "ultra-secure" credit card issued by his local bank - that card required SMS-based authorization of every transaction. There is nothing secure about SMS-based systems (SMS forwarding attacks were first reported six years ago), but that's not the point. I got my iPad out and in less than ...
11 July 2012 /retail Innovation in Financial Services
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