1270 Results from 2013
Retired Member
Because Dodd-Frank and MiFID are getting most attention on the compliance front from the financial markets community, that doesn’t mean that every country is doing what the USA and EU are doing or planning. One example is around the recording of dealings with customers. While the retail banking and payments sectors are looking at how they can res...
16 January 2013 /regulation
January is always a difficult month, with many workers returning after a long Christmas break to hundreds of emails and the stress of the new business season. The financial sector faces no exception to this and is probably the industry that will be suffering the most in the coming weeks. To ensure all work is completed on time and to a good standa...
16 January 2013 /security /regulation
STRICTLY CONFIDENTIAL We share secrets with other people daily, from trivial "I've just heard that..." gossips to stuff like "My best friend's girlfriend is pregnant. By me." (LEGAL DISCLAIMER: [Insert a blob about "for illustration purposes only" and "forward-looking statement" here] - my friends are either...
16 January 2013 /security Innovation in Financial Services
DN: Thanks for agreeing to the interview Neil. I know our readers will be very interested to hear your view on how banks can deliver more value to their customers through customer centric initiatives while increasing profitability. Let's start with relationship pricing. NS: Relationship pricing is not a new concept in general – to a varying degr...
15 January 2013 /payments /retail Innovation in Financial Services
Finextra ran an article today about the UK banking sector "gearing up for the introduction of an industry-wide mobile payments". Which industry? There is no "payment" industry as such. Are we talking about banks? Or mobile operators? Or card schemes? The article stated that "the new service will enable secure payments to ...
15 January 2013 /payments Innovation in Financial Services
They’re at the top of the tree, they have the POWER, they are paid huge salaries, bonuses and benefits yet we’ve seen a few instances recently where top CEOs have departed their companies in disgrace. So what makes these CEO’s do the things that they have done? I remember seeing a tv programme a number of years ago that was examining whether top ex...
15 January 2013 /payments
If MasterCard’s analysis, published in their Insights paper 1Q2007, of the effects and outcomes of the RBA (Reserve Bank of Australia) intervention into Interchange Fees (ICFs) back in 2002 is to be taken at face value then the prospects for European consumers using payment cards, if MasterCard Europe’s final appeal of the 2007 EC decision on ICFs...
Elizabeth Lumley Global FinTech Commentator at Girl, Disrupted
So, the UK has woken up to, yet another, casualty on its high street. While the US is still sobbing into their glucose monitors at the loss of Twinkies, the UK is waving goodbye to suburban town centre identikit stalwarts such as camera retailer Jessops and CD dispenser HMV. (Thank God for Starbucks and William Hill or I'd never be able to find my...
15 January 2013 /retail Finance 2.0
The Payment Protection Insurance (PPI) mis-selling scandal that the UK banking industry is still paying for is forecast to be costing them somewhere in the region of £15bn. Is the value of premiums on mis-sold policies really as high as that, and why was mis-selling so rampant. In my time at a leading UK bank I actually had management responsibil...
Today whilst perusing the drivel that normally adorns my Facebook updates page I noticed that one of my "friends" was promoting/re-posting a photo of a spoof article regarding PIN Entry whilst being mugged - the old chestnut or urban legend that typing your PIN in backwards will somehow be magically interpreted by the Bank's systems and ...
15 January 2013
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