1077 Results from 2016
Retired Member
In my previous article I attempted to reframe the “Fintech debate” into one centred around its goal (competition) rather than its means (Innovation, Fintecth, etc.). In this piece I would like to offer a framework to discuss what an overall banking proposition is and why one will be better than another. This will lead me to argue that a challenger...
01 February 2016 Innovation in Financial Services
According to a recent report by Citi, cash is slowly but steadily on its way out. At the same time, questions are being raised on why we should not accelerate the transition as much as possible. Converting payments to digital helps with transparency, and reduces both social and other labor costs on the overall system. No doubt the benefits are
30 January 2016 /retail
Never have the words of King Henry IV from Shakespeare’s Henry IV, Part II (“Uneasy lies the head that wears the crown”) seemed more apt than with the Senior Managers Regime (SMR). SMR comes into force on 7 March 2016, initially for UK banks (including incoming EEA and third country foreign branches), building societies, credit unions and PRA regu...
29 January 2016 /regulation
Self-match prevention (SMP) is offered by many exchanges – CME, ICE, Turquoise and BATS among them – and by the more advanced order management systems. In most cases, employing an SMP check is voluntary for trading firms; that is important because not every prevented self-match is also a prevented (illegal) wash trade. Some regulatory jurisdic...
2015 has been the year of security breaches and regulatory fines but also the year when terms like Shadow IT, Internet of Things as well as new collaboration & productivity tools made headlines. Here is what is coming up for the financial firms in 2016. 1. Consolidation - looking beyond compliance & regulations Most of the regulated indus...
29 January 2016
Steve Cook Head of Business Development at ID R&D
Many of you feel very strongly about passwords, but the fact is … they have to go because of the large volume of hacks or frauds taking place putting you and also your money at risk! It is true, strong passwords cannot be defeated but the facts are that very rarely do we use them. Companies or your employer insist on them, but in most cases we gene...
29 January 2016 /payments
When it comes to client lifecycle management (CLM), including sales, onboarding, global KYC, credit through to fulfillment, offboarding and servicing, banks and their corporate clients agree: The experience has to improve. In a recent Finextra survey about corporate banking customer satisfaction, 90% of big corporate banking clients said they woul...
28 January 2016 /regulation /sibos
Vinod Sharma CTO - FinTech Domain at Econet Wireless Zimbabwe
Mobile Money or M-Money refers to financial transactions or services that can be carried out using a mobile device what ever this is but for Payments Revolution; Speed is The King. Very popular phenomena on internet "If you are looking for the next big thing, and you are looking where everyone else is, you are looking in the wrong place"...
28 January 2016 /payments Innovation in Financial Services
Ivy Schmerken Editorial Director at FlexTrade Systems
The SEC’s new proposed rules on transparency in alternative trading systems are going to shine a light on the operations of dark pools, ensuring fair access to information for all market participants. The SEC’s proposed rule on Regulation of NMS Alternative Trading Systems would formally create a disclosure regime along with a new form Reg ATS-N an...
27 January 2016 /regulation
By Hakim Mendjeli , 4by90 consulting (This article was first published here) This is the first instalment of a few articles to share my perspective on innovation, retail banking, Fintechs and competition. If you see some value in my perspective please do let me know. As they say on youtube "like it, share it, comment on it!" In this firs...
27 January 2016 /retail Innovation in Financial Services
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