1270 Results from 2013
Retired Member
Part 1 – From 'war room' to Master Data Management I want to start my blog with a series of posts that analyse how modern enterprise content management systems can help the Financial Service Industry to stay on top of its information 'War room' The 2008 credit crisis highlighted the importance of global financial institutions being able to manage ...
20 March 2013 /security /regulation XBRL Discussion Group
Four months ago, one of my "educated guesses" for 2013 was the rise of BLE (something which I was writing about since mid-2012). I can tick that one off now - thank you, Microsoft. I also predicted the rise of embedded secure element. Tick - thank you, Samsung. Two next predictions of mine to hatch soon: NFC on iPhone (including SIM-bas...
20 March 2013 /payments Innovation in Financial Services
Increased consumer spending? Check. Increased disposable income? Check. Increased household net worth? Check. Decreased current consumer confidence? Wait, this can’t be right. If all the standard economic measures of well-being, like gross domestic product, personal consumption expenditures and income indicate a recovering economy, why is present s...
19 March 2013 /payments Payments strategies 2015-2020-2030
The proposed tax on bank deposits in Cyprus in return for a 10 billion euro bailout from the IMF and European Union strikes at the heart of the most precious asset in retail banking: depositor confidence. In previous bailouts the beneficiary country has had to contribute in some form, and this one is no exception. The problem is a lack of suitable...
19 March 2013 /payments Innovation in Financial Services
The introduction of Universal Credit in 2013 is going to be disruptive, to say the least. The government's single payment initiative for state benefit recipients will require claimants to manage all financial commitments from one monthly imbursement paid in arrears directly into their bank account. Today, most benefits recipients budget on a weekl...
19 March 2013 /payments
Despite initial fears over cloud computing, the financial sector is warming to the idea of migrating applications from a physical environment to a virtual one. It’s no surprise to see that the popularity of cloud is rising amongst the industry, especially with the likes of Barclays announcing that they have cut IT expenses by 90% as a result of cl...
19 March 2013 /regulation
An outlook of the shadow banking industry By Jennifer Liu and Brian Lum Shying away from the spotlight briefly, shadow banking has come back to the top of regulators’ agenda. At the World Economic Forum in Davos, Switzerland this year, Mark Carney, chair of the Financial Stability Board (FSB), reminded the audience that central bankers will finall...
Ketharaman Swaminathan Founder and CEO at GTM360 Marketing Solutions
Five Ways to Stimulate Electronic Payments (Hint: Discouraging Cheques Is Not One Of Them) The number of times the words "should" and "charge" appear in this article titled "RBI WANTS TO DISCOURAGE USE OF CHEQUES" got me wondering if "negative reinforcement" is seen as the only way to wean people away from ...
Mobile Payments are an increasingly important element of the payments ‘ecosystem’. This is a brief guide on the current options available and their associated benefits and issues. To apply some context here – the Use-Case discussed is a consumer using their mobile device to pay a merchant for goods or services. The focus here is on the issu
19 March 2013 Innovation in Financial Services
I had an interesting conversation, concerning Latin America eInvoicing, with a CFO for a Fortune 500 multi-national yesterday. And this time, the conversation was not about the legislation that I typically write about or discuss. This time it was about the risks associated with using non-integrated, local vendors to manage eInvoice compliance. H...
18 March 2013 /retail Electronic invoicing
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