1270 Results from 2013
Retired Member
SWIFT Global Electronic Trade Confirmation Initiative: A credible alternative confirmation method The SWIFT Global Electronic Trade Confirmation (GETC) initiative has gradually been building momentum over the last 12 months and the industry is now accepting SWIFT GETC as a credible alternative or substitute confirmation method. Initially, some buy...
18 March 2013
Daniel Szmukler Director at EBA
EBAday 2013 is approaching fast and the community is gearing up to discuss again the challenges that banks and their payments and infrastructure providers are likely to face in the future. As 2013 begins, the next five to seven years promise to deliver a rapidly changing landscape as increasing globalisation, electronification and mobility is expec...
18 March 2013 /payments EBAday
A second consultation paper has been issued detailing the near-final proposal on margin requirements which includes the introduction of a universal initial margin threshold of 50 million Euros. Additional comments are sought on physically settled foreign exchange forwards and swaps; re-hypothecation of initial margin; and the phase-in proposals (...
18 March 2013 Financial Services Regulation
For now, the RBI has ruled out the possibility of Islamic banking in India unless existing laws are amended. But worldwide, Islamic banking is one of the fastest growing financial sectors with current global Shariah-compliant banking assets estimated at $1,166 billion, up from $1,086 billion in 2011. Since the launch of the first Islamic bank i...
18 March 2013 /retail
Currently real time is a hot topic in the banking industry. Last month I joined the Future of Finance Council in London to discuss why. Set up by FIS and the FS Club, some of the most influential financial experts in the UK gathered to discuss if real time is a reality and it appears it is. According to experts in the room faster payments are dri...
18 March 2013 /payments
Eric Smith Senior Pre-Sales Consultant at Dynamic Partners
Let me start by saying what wonderful things mobile payments and mobile banking are. You can’t deny the convenience of being able to bank, pay for goods and services, and perform P2P payments while “on the go”. It is these little conveniences that help turn train and bus travel into something more useful than simply reading the newspaper. With the ...
18 March 2013 /security
Africa is on the rise. For the past decade the picture has been steadily improving both economically and politically. No longer is it the ‘hopeless’ continent whose media narrative was one of war, famine and poverty. It is now the continent of hope and rising prosperity where technological advancements developed there are being exported back to it...
15 March 2013 /payments
Gary Wright Analyst at BISS Research
One of the surprise corporate deals at the end of last year was ICE purchase of the NYSE Euronext. Most surprising because on the face of it this deal looks unbalanced and does not perfectly fit into eithers business. So why the deal? The only time we find deals of this type is when there is an ultimate plan and business wise and economically t...
14 March 2013
David Csiki Managing Director at INDATA
A recent survey found that it is more expensive to maintain legacy systems vs. current “state-of-the-art” systems. No surprise there. Legacy systems usually require additional staff who are familiar with the “quirks” of the specific legacy systems in question. In addition, these individuals are also usually versed in a “work around” philosophy wh...
We know it’s there, but in many cases the extent and complexity of manual pricing can be significantly under estimated. If we choose to be complacent by ignoring the elephant in the room and maintaining the status quo, ever increasing volumes of manual pricing have the potential to consume asset management and fund administration pricing teams and...
13 March 2013
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