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Sibos Issue 2019
- 23.09.2019 07:51 am
The date is important, because it is the deadline, incorporated in the revised Payments Services Directive (PSD2) of the European Union (EU) for the introduction of Strong Customer Authentication (SCA). With few exceptions, SCA applies to payment services providers (PSPs) when they are carrying out remote electronic transactions. SCA is defined in PSD2 as an ‘authentication based on the use of two or more elements categorised as knowledge (something only the user knows), possession (something only the user possesses) and inherence (something the user is) that are independent, in that the...
Financial IT Summer Edition 2019
- 03.06.2019 08:18 am
The View from Amsterdam 417 Years after the invention of the multi-national corporation, what are the themes that matter? Money 20/20 Europe takes place this year in Amsterdam on 3-5 June. Given the city’s contributions to global economic and financial history over the centuries – including the formation of the world’s first modern multi-national corporation, the Dutch East India Company, in 1602 – it is appropriate that this edition of Financial IT is devoted mainly to the conduct and funding of cross-border trade. As one of our contributors points out, some 56% of consumers shop...
Financial IT Spring Issue 2019
- 18.03.2019 07:01 am
The Money 20/20 Asia conference takes place in Singapore on 19-21 March. The city-state has long hosted successful large scale conferences. Singapore has also long been recognised as a place where it is easy to establish and operate financial services and Information Technology (IT) businesses. What makes this conference special is that it is one of the first landmark forums for people who make decisions about IT for financial services businesses that is in an Asian centre and after 2018. Regardless of what happens to the global economy and financial system, last year will be...
Financial IT Winter Issue 2019
- 11.02.2019 08:19 am
Financial IT magazine has been published continuously now for over five years. A comparison of the earliest editions with the more recent editions is striking. Relative to early 2014, far more of the articles that we publish have been contributed by financial institutions and far more have been contributed by IT companies that are, by most metrics, large and long-lived. This is significant for a number of reasons. One is that we have ourselves become a part of the mainstream. At the intersection of financial services and IT, we are the Voice of the Solution Provider. In this day and age,...
Financial IT December Issue 2018
- 05.12.2018 08:49 am
One of the lead articles in this edition of Financial IT highlights how banks will continue to beexcited about Artificial Intelligence (AI) in 2019. There will be experimentation involving AI.There will be investment in AI. However, mainstream adoption of AI solutions are unlikely. This is partly because the demands of clients are complex and increasingly sophisticated. Chatbots maybe able to reduce costs and boost efficiency, but they are not – yet – able to provide the tailoredcustomer experience that clients are looking for. We are at the end of the year which brought...
