1135 Results from 2009
Paul Penrose Head of Research at Finextra
With the spectre of negative interest rates hoving into view, is it time to rethink the value of cash as a medium of exchange? Failure to do so will lead inevitably to currency hoarding as savers turn their assets into cash to avoid the deflationary effects of a move to negative interest charges. In his maverecon blog at the FT, Wiliam Buiter, a f...
20 May 2009 /payments /retail EBAday
Retired Member
In the other part of my virtual life, I have written about the push toward ISO20022--both the positives and the negatives around the new standard as well as the lack of a business case directed toward corporates. So if these comments seem a little familiar--don't say I didn't warn you. Because I still think the issues that I raised are valid and s...
20 May 2009 /payments Innovation in Financial Services
To say that I am an evangelist for mobile financial services would be an understatement, but I confess to experiencing purely personal delight at the pace of mobile financial services. That pace is slow. I've recently had a quick African immersion and have seen that the real story on the ground is far from rosy for the current mobile financial serv...
20 May 2009 /payments /retail Whatever...
Robert Siciliano Security Analyst at Safr.me
Two words: you can’t. However, there are several things you can and should do in order to manage your social media identity, which may prevent social media identity theft. What exactly is social media identity theft? It’s a form of cybersquatting using social media sites. If you’ve ever attempted to join a social media, more commonly known as a
19 May 2009 /security /regulation
Currently the messages MT103 / 103+ are used to effect a customer credit transfer and the MT 202 is used for a financial institution transfer. In order to speed up the payment process for customer credit transfers in some cases an additional cover payment message (MT202) is sent to an intermediary bank whereas the underlying customer credit tr...
19 May 2009 /payments /wholesale SWIFT Matters
The sheer number of emerging technology start-ups is staggering, and even in the face of the worst financial crisis since the Great Depression, the pace of innovation is showing no sign of slowing. There are scores of young companies within the financial technology space alone. Many of these provide substantially overlapping services while seeking...
18 May 2009 Finance 2.0
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
It is not the recession - it is the demographic challenge - not enough people in working age -as demonstrated in this EU-produced chart: http://boharald.blogspot.com/2008/05/need-to-automate-away-routines.html
18 May 2009 /payments
We are now in the process of expanding the public debt - in our childrens' name - beyond previously imagined boundaries. Apart from being a questionable practise to use much more money than you earn - it is also by definition leading to over-consumption. And what are we borrowing for? Is it for creating more sustainable structures and way of life?...
17 May 2009 /payments
Ever wondered, how would it feel to instruct a machine buy telling it "bring me a coffe" or "pay my bills"? You can do it today. Err.. at least almost. Natural language interface is an idea that is pretty well developed by now. Simple sentences can be automatically transformed to instruction codes with a high probability of bein...
17 May 2009 Innovation in Financial Services
When viewed against the total universe of Facebook applications (numbering in the tens of thousands), the subset of financial applications is by all measures a tiny one. Most are related to “financial entertainment” – simulators, games, and “just for fun” apps enabling users to buy and sell their friends, or send virtual gifts such as bailouts or...
15 May 2009 /payments Finance 2.0
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