Tag: banking

Watchdog warns US bank regulators on cyber security skills lag

Watchdog warns US bank regulators on cyber security skills lag

Written by on July 3, 2015 in News with 0 Comments

(Reuters) – U.S. banking regulators must hire and train more examiners with technology expertise so they can give more useful cyber security recommendations to small and mid-sized banks, a federal watchdog agency has warned. A new report from the U.S. Government Accountability Office identified the issue as one of several that banking regulators need to […]

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Bitcoin exchange itBit seeks New York banking licence

Bitcoin exchange itBit seeks New York banking licence

Written by on April 24, 2015 in News with 0 Comments

NEW YORK (Reuters) – In a little noticed move, bitcoin exchange itBit has filed for a banking license in New York, according to the state banking authority. Approval for the license may come in the next couple of weeks, people familiar with the matter told Reuters, which could make itBit the first bitcoin company to […]

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The Regulator Cometh

The Regulator Cometh

Written by on March 24, 2015 in Opinion with 0 Comments

We are now convinced that the world of business is a networked puddle of arenas where companies that used to be locked into unforgiving concrete ‘industries’ now play. With this comes the fear that those unforgiving concrete industries are about to be torn apart and thrown into the uncertain puddle. Enter the Regulator to slow things […]

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Bill Gates and the end of the bank account

Bill Gates and the end of the bank account

Written by on February 6, 2015 in BillingViews, Opinion with 0 Comments

On his latest trip to Africa to stamp out malaria, Bill Gates stopped briefly to be enthusiastic about mobile money. With reason. The penetration of bank accounts in Africa is still very low, but the penetration of mobile phones (or at least access to a mobile phone) is rising steeply. The benefits are clear, people can […]

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India turns to corner shops, mobile phones for banking revolution

India turns to corner shops, mobile phones for banking revolution

Written by on January 27, 2015 in BillingViews, News with 0 Comments

NEW DELHI/MUMBAI (Reuters) – India is betting that mobile phone vendors, fuel stations and corner stores can help it put basic banking within the grasp of hundreds of millions of its poor people living beyond the reach of traditional bank branches. The clock is ticking down to a Feb. 2 deadline for applications to set […]

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How disrupted were payments in 2014?

How disrupted were payments in 2014?

Written by on December 22, 2014 in BillingViews, Opinion with 0 Comments

As the year draws to a close it’s worth reflecting on some of the more interesting disruptions in payments we’ve seen this year. Highlights for me include … The launch that will perhaps have the biggest impact on consumer payments over time was Apple Pay. Apple Pay takes a lot of the friction out of […]

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Is the bank branch dead?

Is the bank branch dead?

Written by on November 17, 2014 in BillingViews, Guest Blog with 0 Comments

One of the most contentious subjects in UK retail banking is around branch closures. According to the Campaign for Community Banking Services, more than 8,000 UK bank branches have closed since 1990. This decline will continue (Lloyds has announced they are closing 200 more branches although curiously they are opening 50!) and potentially accelerate because […]

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Banks, legacy systems and a one-view wonder

Banks, legacy systems and a one-view wonder

Written by on November 3, 2014 in BillingViews, Opinion with 0 Comments

Amongst the heap of supplements that make up the modern Sunday newspaper (paper version, online versions available), was one called ‘We have lift off – plotting the best route through the crowded payments space.’ Amongst stories of the French being able to tweet money, Bitcoin – not to be confused with bitcoin (the currency itself) […]

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P2P payments hit the jackpot

P2P payments hit the jackpot

Written by on October 30, 2014 in BillingViews, Opinion with 0 Comments

With all the hype about Apple Pay and whether or not it will be a huge success – recent news about some merchants shutting it off notwithstanding – people are finally looking at mobile devices as a viable way to pay for goods and services. It’s been a slow march to get to this point, […]

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Millennials help boost online bill payment

Millennials help boost online bill payment

Written by on August 13, 2014 in BillingViews, News with 0 Comments

We know that the younger generation of adults, whether you call them Generation Y or Millennials, is the force driving a lot of changes in technology. Whether it’s social media, texts replacing email or watching television on a tablet, this is the group that seems to be driving things forward. And that extends to banking, […]

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