1270 Results from 2013
Retired Member
The Hong Kong Securities and Futures Commission and the Dubai Financial Services Authority have entered into memoranda of understandings (MoUs) under the Alternative Investments Fund Managers Directive (AIFMD) with the competent authorities of a number of EU and EEA countries. The MoUs provide a framework for: mutual assistance in the supervisi
04 November 2013 Financial Services Regulation
Chris DeBrusk Managing Director at Rule Financial
The migration of software development to low-cost offshore locations has, thus far, been a major trend in the 21st century. Prompted by the dual challenges of reducing costs whilst simultaneously adapting to a new regulatory landscape, many large financial firms opted to migrate development functions to offshore locations, predominantly in Mid and...
04 November 2013 /regulation
Over the past 3 years, online banking in Asia has been growing rapidly. A recent survey indicates that the usage of Internet banking has increased by 28% across Asia in the past five years, and the frequency of online banking usage actually surpassed branch banking in 2012, meaning that people in Asia access their account more online today than th...
04 November 2013 Future Finance
Alex Bray AVP, Omni-Channel Acquisition & Servicing at Genpact
I worked on the first web-chat deployment at a high street bank back in 2006. At the time, we were convinced it would deliver us a range of sales and customer satisfaction benefits. And yet, it flopped. It was hard to operationalise and customers were decidedly lukewarm. I’ve been a little cynical of real-time digital communications since then, bu...
04 November 2013 Online Banking
Brett King CEO & Founder at Moven
Credit cards are expensive. According to BankRate.com the average US annual percentage rate (APR) charges on credit cards is 15.35%[1], but that’s down in recent years. During the financial crisis some US-based credit card APRs went as high as 39.6%[2] as banks like Bank of American tried to compensate for increasing risk, or unwind high-risk cre...
04 November 2013 /payments Innovation in Financial Services
Robert Siciliano Security Analyst at Safr.me
Honesty is the best policy, right? I’ve spent my life being honest, and do you know what is the most important lesson I’ve learned is? The truth hurts. And when you (meaning me too) says it like it is, someone somewhere isn’t going to like it. So I’m being honest here: The identity theft protection services offering a $1 million identity theft ins...
04 November 2013 /security
Just about anything wireless is hackable today. Everything—from PCs to mobiles to tablets to home automation devices to pacemakers to insulin dispensers and even cars—are hackable. And now “smart” toilets. CNET reports, “[Smart] toilets can be controlled using an Android app, but the Bluetooth PIN is hard-coded to ‘0000.’ Just knowing that code nu...
The future of money is a decentralised, unregulated, completely digital currency. I feel like the only thing that anyone’s talking about now is bitcoin. Bitcoin ATMs, the Silk Road shutdown, the man who just bought a house with his long-forgotten bitcoin investment. It reminds me of the BitTorrent protocol. At its core, an innovative and efficient...
01 November 2013 /retail Future Finance
Bank of England governor Mark Carney yesterday ordered a strategic review of how the central bank uses its resources. Carney’s aim is to realign the institution to meet its role in managing monetary policy, financial stability and the supervision of banks, and he has repeatedly stressed his desire to modernise the way the BoE operates. Meanwhile, ...
01 November 2013 /regulation
The uber rich have many reasons to invest in uber security. I met a woman who won a $300 million lottery, and she had some unfortunate stories about how low people go to get at and to moneyed individuals. So to protect life and limb, the uber class invest in: Safe rooms: These include not just bulletproof but bombproof glass, walls, ceilings and ...
01 November 2013 /security
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