Trends in Financial Services

A community to discuss the future of financial services and any other interesting trends, strategies, ideas, views.

Elton Cane Digital product delivery at News Corp Australia

For mobile payments convenience is king

What's interesting about the DoCoMo mobile payment technology referenced in this recent story, and what differentiates it from many other m-payment initiatives operating elsewhere in the world, is that the Osaifu Keitai (literal translation = wallet cell phone) system acts like a contacless smart card, using Son'y FeLiCa technology. (Other Japane...

28 February 2007 /payments /retail

John Cant Managing Director at MPI Europe Ltd

Dont you just love the internet

Well the answer is obviously yes, I do. Particularly when it throws up in that Hitch Hicker’s Guide to the Galaxy, maximum improbability drive way a gem like “Managers Say the Majority of Information Obtained for Their Work Is Useless, Accenture Survey Finds”. There I was looking for some dull, but important nugget on MiFID, or was it payments or ...

27 February 2007

Elton Cane Digital product delivery at News Corp Australia

Bank statement as a tool for identity theft

Looks like National Australia Bank (NAB) is the latest bank to fall victim to mail-out problems that compromise customer data. They're not the first, and are unlikely to be the last. The usual bank spokesperson agenda in these situations is to claim that there is nothing in the lapse that exposes customers to to risk of fraud. But thinking about ...

26 February 2007 /security /retail

Paul Penrose Head of Research at Finextra

MyBankSpace

Belgian financial services firm Fortis has made a bold move into the social networking space with the launch of a new Website. The join2grow network is being touted by the bank as a MySpace for entrepreneurs. Research house Gartner has suggested that banks should monitor emerging Internet social networks for their potential for partnerships, to ...

19 February 2007 /retail

Paul Penrose Head of Research at Finextra

Microsoft micropayments

Further to my recent musings on Microsoft Points (The Virtual Bank of Microsoft), Dow Jones reports on CNN that Microsoft boss Bill Gates has been looking into the possibility of developing an online payment system that will be cheaper than credit card transactions, making it possible for companies to charge small fees for Web-based content and se...

29 January 2007 /payments /retail