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June 30, 2016 by Nancy Atkinson

On June 28, SWIFT issued a press release and announced that “SWIFT’s global payments innovation initiative will transform cross-border payments.” This initiative could be a big game changer in B2B payments. I think SWIFT has found a winner with this project, and it looks like one that won’t languish waiting for participants to sign up and use it.

SWIFT has 73 banks committed to the initiative. It enlisted the largest and most global banks as well as many other large banks and has a good spread of countries represented. Both of those circumstances bode well for the initiative.

June 29, 2016 by Javier Paz

The momentous referendum of June 23, 2016 set the stage for the U.K. to leave the European Union within a period of two years, something that will provide discussion fodder at industry events for at least five more years. So, besides leaving plenty for event producers, reporters, legal teams, and consultants to decode, what’s the apparent impact of Brexit on FX markets?

June 27, 2016 by Ron van Wezel

After its debut in Belfast last year, MoneyConf 2016 was held in Madrid. The venue was La Nave, a brand new conference hall a 30-minute drive from the city center. At least the attendees were not distracted during the day by the great capital of Spain’s seductions.

June 27, 2016 by David Albertazzi

For some time now, the financial services industry has been anxiously awaiting updated regulations regarding mobile banking security. In a response to the rise of digital banking usage, the Federal Financial Institutions Examination Council (FFIEC) updated its Retail Payment Services Handbook and added Appendix E—Mobile Financial Systems (MFS).

Appendix E highlights the complexity of the mobile technology infrastructure and identifies specific vulnerabilities that currently exist in the mobile banking ecosystem. The new guidance is fairly comprehensive and addresses key areas, including SMS/text messaging, mobile browser sites, mobile apps, and wireless payments.

June 24, 2016 by Spencer Mindlin

Brexit is no longer a question of “if” but “what now?” The implications of the U.K. vote to exit the European Union cannot be understated, and the process by which the largest financial center in the European Union will fundamentally change its role starts now. Here’s what some of Aite Group’s analysts have to say:

Javier Paz, Wealth Management: