1270 Results from 2013
Retired Member
US commentator Brett King is right in his claim that ‘the underbanked don’t need banks anymore’ (FinExtra blog, Dec’12) but, frankly speaking, his is only half the story. King offers an overview of some alternative financial services that provide the utility of banking. First he cites low-value convenience purchase accounts from retailers like Sta...
14 February 2013 /payments
Corporate eBanking services are relatively new in emerging markets and are just beginning to take off. With many treasurers set to upgrade their payment systems there is an opportunity to provide them with a support system that helps them make all-inclusive decisions on their financial supply chain. The vast physical dealer network in the emergin...
14 February 2013 /wholesale Treasury Management
As discussed in previous blogs, there are many differences between eInvoicing in Latin America and the rest of the world. This includes Europe specifically. In this article, I specifically point out the key differences from the Accounts Payable perspective. With the new legislation in 2012 mandating inbound einvoice validation in both Mexico and...
13 February 2013 /regulation Electronic invoicing
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
As I plan to step down from full time employment at Tieto, but will continue as advisor in various projects I needed to establish a company of my own. Yesterday I thus logged in with my e-bank credentials to the Finnish Trade Registry and completed the needed handily presented information, signed it with my e-bank credentials and sent a signing req...
13 February 2013 Innovation in Financial Services
David Varney Director at Q-ATM, Burnt Oak Partnership, Varney Ltd
Here's a review of 9 of the options available to ATM deployers that may prove to be hot topics in 2013. In no particular order: 1. “Deployment strategy” a.k.a. estate optimisation When it comes to ATM deployment, size really does matter. Scale is important for efficiency and also for presence in front of customers. Banks in Finland have achieve...
13 February 2013
After EMIR, Basel III and Dodd Frank, MiFID II is now on the horizon. Are you keeping up with the latest regulatory developments in the market? Alarmed by the impact of the latest financial crisis, regulators globally have released a set of new regulations. While most financial institutions are already working diligently on the implementation of EM...
13 February 2013 /regulation
According to the latest Bank of England statistical release, the amount of notes and coin in circulation is growing at about 4% a year. This has been pretty much the average growth rate over the past few years, although there was a large spike in late 2009 to over 8%. At around that time, Andrew Bailey, who was then the Bank of England Chief Cash...
12 February 2013 /payments Innovation in Financial Services
With the release last year of the iPhone5, Apple decided to pass on NFC, at least for now. Instead, they included Passbook, an app to store electronic coupons, vouchers, and boarding passes, which, using barcodes or QR codes, provide services from the likes of Starbucks, United Airlines, Ticketmaster, or Target. So why did Apple decide to not go f...
What can we learn from the latest product miss-selling scandal? Last month the The Financial Services Authority announced that it is reviewing the practices of the U.K.’s big retail banks after finding serious problems with miss-selling interest rate hedging products to small and medium sized businesses. This new scandal will put even greater pres...
12 February 2013 /regulation /retail
Enrico Camerinelli Supply Chain Blockchain Personal Coach at Aite Group
The EU directive on Late Payments (2011/7/EU) is just around the corner. The new Directive will have to be transposed into national law by 16 March 2013 at the latest by all countries in the European Union. The provisions of the new directive include, among others: Public authorities will have to pay for the goods and services that they procure wi...
12 February 2013 /regulation /wholesale Financial Supply Chain
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