Financial IT Summer Issue 2020
- 29.06.2020 06:58 am
Alongside the rise of Asia, a technology boom and the end of Communism in Central and Eastern Europe, Covid-19 stands as one of the biggest things to have happened globally in the last 50 years. It represents an enormous shift. It has also been a very fast shift. Unlike the other really big things, Covid-19 has affected almost all of mankind - and in the space of less than four months (as of 26 June 2020). In the previous edition of Financial IT, it made sense to speculate about what Covid-19 could mean for the world of Fintech. In this edition, the impact of the pandemic is much...
Financial IT Spring Issue 2020
- 15.04.2020 09:36 am
Only some of the articles that have been contributed to this edition of Financial IT deal with the impact of the COVID-19 virus, which become seen as a global pandemic in mid-March. As of 15 April, the epicentre of the pandemic appears to have moved from Europe to the United States. COVID-19 is yet to be brought under control. In particular, it is unclear what will be the best way of preventing the virus from overwhelming the fragile healthcare systems in many developing countries. Nevertheless, a number of trends and themes that are very relevant to Fintech are already apparent. ...
Financial IT Winter Issue 2020
- 11.02.2020 01:46 pm
One of the contributors to this edition of Financial IT raises the possibility that the global financial services industry as we know it could cease to exist. Of course, this outcome does not mean that the activities of the global financial services would not take place. Rather, they would be performed in different ways by Fintechs that are very different to traditional financial institutions. Payments services providers will enable individuals and businesses to make and receive payments. New lenders will raise funding from capital markets and savers and recycle the loans to borrowers –...
NOVEMBER ISSUE 2019
- 18.11.2019 09:13 am
Financial IT’s archive includes two very different stories about branch banking in the last two months or so. The role that is played by bank branches in a bank’s overall business model depends on a complex variety of issues. What are the technologies that are being used? Where are the banks located? What do the bank’s employees who work at the branches actually do? Where does physical cash come into the picture? Is the bank looking to promote and distribute products that originate from other, third party, providers? How does the bank calculate the true value of its branch network?...
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...
