961 Results from 2012
Retired Member
There’s been a lot of debate around the changing role of the CIO in the press, and particularly in financial services. But we must take into consideration that, in the rapidly-evolving world of technology, you have to move with the times. There’s simply no escaping it. It’s true that some CEOs haven’t necessarily caught up with the many changes...
12 December 2012 /regulation
Jonathan Almeida COO at AML Partners
It’s December 2012 and getting ever closer to that dreaded date…. No, not the Mayan-calendar ending, but rather the time when ever-increasing due-diligence requirements—BSA/AML, Dodd-Frank, FATCA, and constantly changing implementation rules for these laws—make it impossible to manage without a comprehensive system. This is a fact made all the mor...
12 December 2012
At SIBOS earlier this year, sales force automation (SFA) was a recurring issue, as banks are finding themselves under increasing pressure to improve customer service interactions whilst remaining cost efficient. While discussing these challenges, it became clear that SFA is going to play a much bigger role in the future of banking and how banks a...
11 December 2012 /retail /wholesale
NFC World ran an article on 5S "likely" to have NFC, citing investment bank Jefferies who said that "based on our checks, likely updates include a new super HD camera/screen, a better battery, and NFC." I wonder what those "checks" were... Supply chain inventory? Design drawings? Or details of Apple's commercial model...
11 December 2012 /payments Innovation in Financial Services
How Automotive Telematics Reduces Insurance Fraud? We all know that are car insurance is going up because of whiplash cases, bad driving by a certain age group and EU law but how can we push back and make it more difficult for motorists to do a fraudulent claim and secondly reduce insurance for good driving whether you are male or female? One of t...
11 December 2012 /regulation /retail Innovation in Financial Services
The FSA’s mortgage market review guidelines pose a number of issues for retail banks in the UK, and are set to have significant impact on the way mortgages are bought and sold here. Although new regulations can often add additional pressures within the industry, anything that can reduce liabilities without imposing onerous costs ought to be welcom...
11 December 2012 /regulation /retail
Gary Wright Analyst at BISS Research
For those in the know, data contributions are an on-going problem for the integrity of financial markets. The subject surfaced this year with the Libor scandal, which despite moving off the front pages is still very much an open issue, without a solution. Whilst Libor grabbed the headlines, it is by no means the only benchmark that has a dubious s...
11 December 2012
Brett King CEO & Founder at Moven
Traditionally, if you wanted to move money around, save cash, pay a bill, purchase something at a store, or otherwise have some sort of systemic access to your cash as you moved around - you needed a “bank”. In fact, you couldn't do any of these things in the past without a bank. Despite the fact you might have opted to just use cash and stay 'off...
10 December 2012 /retail Innovation in Financial Services
Pat Carroll Founder/Executive Chairman at ValidSoft
Eurograbber, a Trojan that transfers itself from a user’s PC to their mobile phone has come to light, reportedly having so far defrauded banking customers out of over €36m. The simple reason for this is that many banks are reliant on SMS as a means of authenticating the user and hence authorising online transactions. Because Trojans such as Eurogr...
10 December 2012 /security Innovation in Financial Services
Marc Murphy CEO at Fenergo
Having attended the FATCA Forum event in London two weeks ago, one word kept cropping up time and time again in relation to FATCA – not from vendors (surprisingly enough) but from compliance and tax experts from leading financial institutions. And that word was… opportunity. An unusual choice of word to associate with a piece of regulation that is...
10 December 2012 /regulation Financial Services Regulation
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