1270 Results from 2013
Brett King CEO & Founder at Moven
If any of you watch my Twitter feeds, Facebook or Google+ posts or those of the financial services crowd at large, it is highly likely that you will have seen a post I authored on Huffington Post on Friday. The post details my experience with HSBC Business Banking after they closed my business account without notifying me. The first I knew of ...
02 December 2013 /wholesale Innovation in Financial Services
Ketharaman Swaminathan Founder and CEO at GTM360 Marketing Solutions
In Part 1 of this blog post, I'd described three issues with open systems that held banks back from transforming all their legacy applications to open systems. Here are three more: Sudden loss of functionality. In this brilliant article titled When Product Features Disappear – Amazon, Apple and Tesla and the Troubled Future for 21st Century Cons...
01 December 2013 /regulation
Colin Weir CEO at Moroku
What a fabulous week I have just had in Kenya. Home to many things, it is the current home of mobile money. Ask any Kenyan what mobile money is and how useful it is and you will get a very clear answer. If you asked the same question in the CBD of London or Sydney and you will struggle to get answers as accurate and consistent. There are plenty of...
01 December 2013 /payments
Oleg Popov Senior Principal Business Analyst at Temenos UK
Banking industry transformation is an articulate demand coming both from the public and the regulators these days. How to approach that and what needs to be done is a matter of intense search and debate. Attached is a white paper on a potential approach to transform the UK banking industry. In fact, not necessarily the UK one only. In case there ...
30 November 2013 /regulation /retail
Retired Member
The Commodities and Futures Trading Commission (CFTC) has confirmed that registered entities and swap counterparties subject to the CFTC swap data record keeping and reporting regulations concerning Legal Entity Identifiers (LEIs) can now comply with those regulations by using and LEI issued by an LEI provider endorsed by the Regulatory Oversight ...
29 November 2013 Financial Services Regulation
Andrew Fear Advisor / Consultant at Independent
Several recent surveys show that the number of larger projects which are truly successful is well under fifty per cent. Some are outright failures; others fail to fulfil business objectives in some way or other. The larger a project is, the more likely it is to fail – and this is across all sectors. Almost half of all projects end up over budget a...
29 November 2013 /regulation Banking Architecture
Dan Barnes Writer at Information Corporation
Cooperative and community banks enjoy a special place in the hearts of the people, often giving them special regulatory status too. However in an age that has debunked many of the theories of capitalist economics, it worth noting that the cooperative theory of ‘Friendly Societies’ is failing too. Rabobank’s rating downgrade by Fitch last Thursday ...
28 November 2013 /regulation Future Finance
Biometric identification isn’t a new phenomenon, just ask the Babylonians. They inked their contracts with a fingerprint. Perhaps the scanning technology wasn’t invented yet but the basic premise was there. Even MI6 and the CIA have tapped into fingerprint identification, face recognition and retina scanning. It all sounds very Hollywood, like a s...
28 November 2013 /retail
The European Securities and Markets Authority has published a list of central counterparties (CCPs) established in non-EEA countries which have applied for recognition under article 25 of the European Market Infrastructure Regulation (EMIR). Related Link: http://www.esma.europa.eu/content/List-central-counterparties-CCPs-established-non-EEA-countr...
28 November 2013 Financial Services Regulation
The European Securities and Markets Authority (ESMA) has now approved the registrations of the first four trade repositories (TRs) under the European Market Infrastructure Regulation (EMIR). The four TRs are: DTCC Derivatives Repository Ltd. (DDRL), based in the United Kingdom; Krajowy Depozyt Papierów Wartościowych S.A. (KDPW), based in Poland; ...
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