1270 Results from 2013
Pat Carroll Founder/Executive Chairman at ValidSoft
The ECB published its recommendations for the security of mobile payments last week last week. Although unrelated, this latest set of recommendations shows how Governments and Central Banks (US Federal Reserve Banks recently announced a public consultation exercise on improving the future U.S. payment system, and the newly formed Financial Conduct...
10 December 2013 /security Innovation in Financial Services
Retired Member
Don’t believe the hype: social media and the finance sector Banks are understandably excited about the prospects offered by social media. There are now 1.4 billion Facebook accounts worldwide, with the UK population spending 22 per cent of their time online using social media platforms.* But interestingly, this is 3 per cent down on the previous ...
10 December 2013
Adherence to rules and procedures is something investment banks have long been scrutinized for, with regulatory non-compliance being recognized as a prominent failure. For many investment banks, compliance teams are growing in size and so too are the costs associated both with compliance and non-compliance. However, even with increased funding and...
10 December 2013 /regulation
Henner Brüner Managing Principal at Capco
Quad-Party Clearing – a buy-side focused clearing model – was widely perceived as an innovative solution for the clearing obligation under EMIR (European Market Infrastructure Regulation). The benefits for buy-side firms include efficiency, cost and risk reduction. However there’s a growing concern that these are outweighed by cost and risk factor...
Brett King’s recent article on ‘Banking’s new playground’ raises some interesting points as to ‘how Africa will show the way’. Smart phone penetration in Africa is currently less than 15% and projected to be an estimated 40% by 2017. This means that mobile banking and payments service providers will have to service both Smart phones and Feature p...
10 December 2013 /payments Innovation in Financial Services
In recent months, since Google has announced the support for Host Card Emulation (HCE) in their latest Android 4.4 KitKat, we have seen a barage of articles and analyses (some in very reputable publications and blog sites) claiming that NFC is dead with the introduction and arrival of Google's now famous HCE. It is not new nor the first time that...
09 December 2013 /payments
Robert Siciliano Security Analyst at Safr.me
When protected, sensitive or confidential data is accessed or used by someone without authority, this is a data breach. This can involve any kind of data such as personal health, financial, or business related. Not all data breaches result from hacking into a computer. One can breach data simply by peering over someone’s shoulder at the computer sc...
09 December 2013 /security
The Financial Conduct Authority (FCA) held the Markets Conference in November in which Martin Wheatley, Chief Executive, FCA, and David Lawton, Director of Markets, FCA, both delivered keynote speeches. Mr Wheatley surveyed the new global regulatory landscape and how it has changed in recent history, emphasising its global nature and tightened re...
09 December 2013 Financial Services Regulation
Ketharaman Swaminathan Founder and CEO at GTM360 Marketing Solutions
Over the years, my background in IT marketing and product management has brought me close to the subject of how a software should be extended over new channels. I can recall being involved in drawing up specs for new channel suppport on the following occasions in the past 15-odd years: ERP in Branch Office in the mid '90s Internet ERP in the lat...
08 December 2013
This is not the part-2 that I promised; rather, it is a quick one to address a question I was asked about the blog I posted last week. The question was, can you define “whopper”? It’s a fair question. I must admit, it’s a bit of a woolly term, and probably won’t get you too far when trying to persuade Upper Management to fund some extra resourc...
07 December 2013 Standards Forum
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