Today you can use your smartphone to take a photo of a cheque you have received, and pay it in by email or via your mobile banking app. While this system should dramatically reduce cheque processing times by allowing a digital image of a cheque to be cleared electronically, the question is, who uses cheques anymore?
I don’t think I... read more
2018 and the years leading up to it are going to be extremely busy for financial institutions if the International Accounting Standards Board (IASB) have anything to do with it. The application of IFRS 9 was confirmed by the IASB this year with tentative dates of 1 January 2018. The new standard developed by the IASB, an independent... read more
Saxo Bank, the Danish online trading and investment bank, has announced the appointment of Alessandro Bressan, as Global Head of Equity Products. Bressan will be based in London and will be responsible for both UK sales and European clients, reporting to Dennis Malamatinas (Global Head of Regions and Global Marketing). This appointment further... read more
The Payment Card Industry Data Security Standard (PCI-DSS) was created to increase controls around cardholder data to reduce credit card fraud via its exposure.From nearly the beginning of its introduction, the standard has been criticised for the expense associated with annual certification and for security being less than... read more
Despite the negative press, volatile trading rates and an expiry date of 2140 it looks like Bitcoin is here to stay, and is establishing itself as a viable currency. Created by the mysterious Satoshi Nakamoto in 2008 and introduced as open-source software in 2009, the digital currency which is still in its infancy has been surprisingly welcomed by... read more
High street banks cost the economy billions of pounds every year because they are using out-of-date technology. But competition is driving change in the financial services industry and how the big five react to a trial by technology will dictate the future of the sector.
Historically, retail banks have dominated financial services and such is... read more
“We are what we repeatedly do. Excellence, then, is not an act, but a habit” said Aristotle.
We all have bad habits, many of which are picked up from those around us such as our family, our friends and our colleagues. In fact psychologically speaking, ‘mimicking’ is an evolutionary and subconscious device we all adopt to... read more
The case for outsourcing for large financial technology firms is so compelling that companies such as Thomson and Reuters (prior to their merger) as well as Standard & Poor’s now have well-developed networks of research, knowledge-processing operations and development teams across the globe.
There are many parts of a business that... read more
The mobile payments industry is booming in developing nations and research shows that these countries are at the forefront of innovation within the financial technology (Fintech) sector.
With the majority of innovation in Africa, India and Asia Pacific coming from mobile devices and wireless technologies, it demonstrates that emerging markets can... read more