1270 Results from 2013
Jp Nicols Managing Director at FinTech Forge
Wealth management is an attractive business line for banks. Affluent clients hold higher balances, have lower credit default rates and utilize more fee-based services than the average branch consumer. No wonder forty percent of bank leaders surveyed by KPMG in June 2012 said that wealth management would be a critical component of their growth plan...
05 February 2013 /retail
Retired Member
One sometimes wonders how distanced politicians are from commerce, business and financial services. There is the impression that they have a desire to punish financial institutions for actions that led to the global economic crash and to the current and ongoing global economic crisis – or at least for their actions that didn’t stop disaster happe...
04 February 2013
Robert Siciliano Security Analyst at Safr.me
In 2012, security challenges we faced were often the ribbon cuttings and business plans that startup criminal organizations launched. In 2013, those criminal enterprise business plans will come together—and we need to be ready. Social media is high on criminal hackers radar. Criminals scan social media looking for people who they can scam. One such...
04 February 2013 /security
I have been in the insurance software business now for more than 25 years, and early in my career, the question was raised: “Why do brokers have client administration systems while insurers struggle on with multiple, unconnected policy administration systems?” During all my time in the business, nobody has been able to tell me why insurers wish to...
04 February 2013 /retail /wholesale
Okay, so I will admit, I was quite impressed when I started using a certain retailers Mobile Wallet Application (or User Interface Application – depending upon which Industry term you prefer). It was quite feature-rich, easy to use, easy to load a prepaid facility and equally easy to spend it using a stacked Code 16K Barcode (incorrectly detailed...
Banks don't even show up on Booz & Co.'s Global Innovation 1000 spending report. They are lumped in to the "other" category of all industries except the top nine. All of the other industries combined only account for 2% of the $603 billion spent on research and development in 2011. Average R&D intensity, that is R&D spending...
04 February 2013 /payments Innovation in Financial Services
The global financial crisis drew attention to the serious risk that the over-the-counter (OTC) derivatives market presented to the broader economy. Following the financial crisis, regulators across the world made concerted efforts to improve the transparency and risks associated with the OTC derivatives market. The challenge has been to balance t...
01 February 2013 /regulation
Gary Wright Analyst at BISS Research
The first steps to creating a banking union have been safely negotiated and a course set that should eventually safeguard the tax payers from expensive banking failures. It will also put in place the beginnings of a structure for fiscal union across the Eurozone and this is vital if the Euro is to have any chance of surviving. Big stakes indeed bu...
01 February 2013
Sometimes the simplest lessons are the hardest ones to learn. Anyone who has taken even the most basic business course in the past fifty years is undoubtedly familiar with Theodore Levitt's 1960 treatise “Marketing Myopia”: "The railroads did not stop growing because the need for passenger and freight transportation declined. That grew. The r...
01 February 2013 /retail
David Csiki Managing Director at INDATA
A recent survey from a buy-side consulting firm revealed that investment management firms are as focused on client initiatives as they are on upcoming regulatory change. This make complete sense as, in fact, the two go hand in hand. Increased transparency is a byproduct of improving a firm’s regulatory and compliance capabilities. That’s where...
31 January 2013 /regulation
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