1077 Results from 2016
Retired Member
Yesterday I had to take four buses to get to work in defiance of the Train unions. This gave me the time to think about how we can resolve the impasse between the train company and the unions that is causing so much pain to hundreds of thousands of people. The conclusion I came to is to use technology to break the monopoly of the unions. How is thi...
14 December 2016 /retail
Organisations today face more complex software risk than ever before. With an increasing number of breach and ransomware stories making front page news, the need for robust corporate defence has never been more vital. Indeed, data breaches that regularly make the headlines are often perceived as 'outsider' hacks, characterised by the belief a hack...
14 December 2016 /security /regulation
2016: a year in which blockchain started to enter mainstream speak in financial services and banks increasingly turned to the cloud. Many retail banks embraced technologies to personalise the online and in-person banking experience. So what are the main technology trends that we expect to drive the retail banking sector in 2017? Here are my top ...
13 December 2016 /retail
The Clearing House (TCH) has announced its plans for a real-time payments initiative for the U.S. The Real-Time Payments (RTP) system, scheduled to go live in April of 2017, will support the sending and receiving of credit transfers, requests, remittance advices and non-transactional messages across the network in real-time in a 24x7x365 processin...
13 December 2016 /payments Innovation in Financial Services
Now IT development costs are so low for start-ups I feel that technology is no longer the key edge for FinTechs. I read an interesting press release recently from an early stage vendor who was just announcing a strategic partnership with a large data vendor. I found it particularly interesting because they touch on the nub of the challenge that man...
13 December 2016 /startups
Don't know your APR from your EAR? Well maybe it's time for a human-friendly explanation of all the lending acronyms which, I reckoned, would only take a few minutes to write. It has taken 3 days to make sure it's correct, I hope... There are all sorts of mad ways of calculating the cost of debt. It seems that every method depends on hiring a priva...
13 December 2016 /retail /inclusion
Consumer card transactions overtook cash payments for the first time in 2016, according to Euromonitor. Moving away from cash and checks is a signal of modernizing economies, more efficiency and less fraud—in a conventional sense. But as card payments grow, so do card crimes. In part one, we looked one driver of increased non-cash transactions, ...
13 December 2016 /payments /regulation
On December 1, 2016 the Financial Action Task Force (FATF) released its Mutual Evaluation Report of the US Anti-Money Laundering (AML) and Counter Terrorist Financing (CTF) Measures. While the report was generally favorable, it did point out a few areas that need to be improved – some of which could be catalysts for new changes in US policy. As we...
12 December 2016 /regulation Financial Services Regulation
Forex trading is setup to be a mobile business. Because of modern advancements, it gives everyone the opportunity to go online and earn from anywhere around the world. Considering this type of work environment, it is important to be ready with a mobile office for forex trading. How to set up your ultimate forex trading mobile office: Preparation i...
10 December 2016
As is so often the case with some of the lengthy documents that make up the Shakespearean drama that is the MiFID II implementation, the devil is in the detail. The technical standards on position limits for commodity derivatives are a good example. Right at the very end, just before President Juncker's imprimatur, is a little tidbit suggesting th...
09 December 2016 /regulation
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