1270 Results from 2013
Jp Nicols Managing Director at FinTech Forge
Five massive foundational shifts are impacting financial service providers of all types, and they are impacting those that serve affluent clients in especially unique ways. According to a study by KPMG conducted in June 2012, 9 out of 10 banks are considering a serious overhaul of their strategy, and 40% say that wealth management and asset manage...
12 February 2013 /retail Innovation in Financial Services
Retired Member
1st February will be remembered for many things including the end of the Cold War in 1992 and The Beatles “I Want to Hold Your Hand” becoming number one on the US charts in 1964 which many feel was the beginning of a music revolution. 1st February 2014 adds to the roll call of major historical events with the end date for SEPA (Single Euro Payment...
11 February 2013 /payments /regulation
A recent article in the BBC branded the financial industry as the “accident prone money men”, after disastrous glitches last year which saw NatWest’s and PayPal’s duplicate charges. As a result, the banking sector has placed itself in the spot light as having among the poorest outcomes vs investment in technology. Since the credit crunch hit the ...
11 February 2013
Marc Murphy CEO at Fenergo
Under FATCA rules, every foreign financial institution (FFI) must identify and classify all its clients with US indicia, but also do the same for all parties to financial transactions, including other FFIs and non-financial foreign entities (NFFEs). The challenge here lies in the complexity of the classification that needs to be carried out to ens...
11 February 2013 /regulation /wholesale Financial Services Regulation
Gary Wright Analyst at BISS Research
I have just recieved a e-mail from LinkedIn to say that i am i the top 1% of most viewd profiles from their 200m users. Gutted! I thought i was more famous than that! Anyway it does demonstrate the massive growth of social networks and along with the rather spectacular LinkedIn profits for the last year evidence of value. I do hope they dont go do...
08 February 2013
Many of the business processes that are going to need to be changed in order to make use of the new Legal Entity Identifiers are already included in the FIX Protocol that many thousands of investments firms – buy-side and sell-side - use around the world. The market practitioners that join in the continual development of FIX have already been wor...
Like trains SEPA had a timetable, which like the railways is open to change due to foreseen and unforeseen circumstances. The SEPA project has certainly been on the slow line keeping up the train analogy, suffering from inert banking involvement and an almost complete lack of enthusiasm by just about everyone needed to make the project, not just h...
08 February 2013 /payments
Julian Farley
The BBC recently published an interesting article “Why banks are likely to face more software glitches in 2013”. This is something that we should all be concerned about. As payments become more of a commodity, we expect availability and demand convenience. We all struggle to manage our finances, make sure we pay our bills on time, only to be let ...
08 February 2013 /payments /retail
Now, it may seem flippant of me to claim you can distil the ‘perfect’ fraud system down to five steps, but I’ve given it a go nonetheless by listing the five things that are going to be top of my list when speaking with clients about bringing their fraud monitoring system up-to-speed for 2013. 1) Beware attacking zombies Know Your Customer (K...
08 February 2013 /security /retail
Been reading quite a bit lately about how good old-fashioned equities are finding their way back into investors' favour. And this time it is more than just the indices that are on the move, volume traded is going up too. In many ways, volume or consideration is a more useful indicator of the general health of the trading industry and the US has re...
07 February 2013
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