1077 Results from 2016
Retired Member
Santander recently announced that monthly charges on its popular 123 account would more than double. This move illustrates how the retail banking industry is changing, in response to the European Union capping interchange fees, and the UK Financial Conduct Authority considering whether to end the era of free bank accounts. At first glance, the ide...
25 January 2016 /payments /retail
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
The Deutsche Bank CEO stated that cash will disappear during the next 10 years. Why does it have to have to take so long? Take the opportunity to repost this from 2008: "EU published some figures on cost of handling cash - 50bn per year - and the consumer pays every cent of it - without knowing how much we would all save by keeping money in d...
24 January 2016 /payments Innovation in Financial Services
We all remember how delighted we were when the newborn Google was praised as a "database of intentions" which it of course was and is - on a scale that we could not imagine then. With Facebook now having 510 million visits a day! by 1,5 bn signed up, Whats Up at 0,9bn, Instagram at 0,4bn, Twitter at 0,3bn and any number of Tripadvisors a...
23 January 2016 Electronic invoicing
Vinod Sharma CTO - FinTech Domain at Econet Wireless Zimbabwe
Abstract: This article focuses on how & what mobile money subscriber thinks and experience in their life span of mobile money journey. Lot has been said on how to design, what to design, how to price, what all services to give (From service provider mind set). What customer wants, how customer wants, what customer understand and sets depiction...
23 January 2016 /inclusion Financial Inclusion
Robert Siciliano Security Analyst at Safr.me
You just learned you have a new credit card account by checking your credit or because a bill collector called you. Problem is that you don’t remember ever applying for it. You must find out what’s behind this new account and how it got there. Call the corresponding phone number listed with the account seen on your credit report. Begin the process...
22 January 2016 /security
Alexander Mifsud Co-Founder and CEO at Weavr.io
The payments industry is currently going through a period of rapid transition, driven by the pace of innovation, new forms of competition and weightier regulation. 1. Interchange fees will shake up the European card market One of the most immediate changes is the European Union regulation on interchange fees. Interchange is paid by merchants t...
22 January 2016 /payments
Abstract -: Compliments of the season. This post coming out of own my observations, experience and reading from Internet. Payments innovation is happening and it’s continued since end of 2014. Interestingly its driven by those outside of traditional payment industry. A innovative payments either in IoT or Fintech domain is when the surface or boun...
22 January 2016 /payments Innovation in Financial Services
Neil Crammond risk education & real time market abuse at DIVENTO FINANCIALS
This week I read a research paper ; endorsed by Mark Spanbroek acting chairman of FIA . The paper states that the order cancellation ratios of !non HFT firms are "almost identical " to HFT firms . It states that as most trading is now "fast" , HFT orders are correct and its cancellation rate non harming either to liquidity o...
22 January 2016 /regulation
I think that I must live in a parallel universe to the one that the gurus of Mobile Payments inhabit. I stand outside the most popular sushi restaurant at lunchtime in the San Francisco Financial District - the home of the venture capitalists that help to keep Silicone Valley buzzing. No phone signal. I sit on the train travelling through the st...
21 January 2016 /payments
Konstantin Rabin Head of Marketing at Kontomatik
How banks operate today is just outdated. Their procedures tend to be complex, inconvenient and offline. Either the banks will adopt new technologies or innovative companies will remove the banks from the banking services. The way we live today is completely different from the way people approached their lives a few decades ago. The essential tas
21 January 2016 /retail
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