I'm just on my way back from a banking conference in Copenhagen, and it surprised me. It surprised me because, as I said to the audience, the Nordic and especially Danish banks had always led innovations in Europe and yet I hadn't spotted a single major innovation in recent years. I had in Poland (Alior…
Talking of interesting surveys, I received another one recently about money laundering. This survey was performed by Veris, who interviewed almost 300 senior Anti-Money Laundering (AML) and compliance executives across 46 countries. Interesting findings: 61% of survey respondents cite an increase in board involvement in monitoring anti money laundering (AML) activities 66% of survey respondents…
Talking of interesting surveys, I received another one recently about money laundering. This survey was performed by Veris, who interviewed almost 300 senior Anti-Money Laundering (AML) and compliance executives across 46 countries. Interesting findings: 61% of survey respondents cite an increase in board involvement in monitoring anti money laundering (AML) activities 66% of survey respondents…
The three blog entries on this subject so far: The African bank crisis and remittances More on Africa, Somalia, remittances, Barclays and HSBC Banks should not be political pawns has stirred up a lot of interest. In particular, Mondata, an American consulting firm on mobile finance, has written a fascinating insight on the subject including…
Since the big headline fines of Standard Chartered and HSBC for money laundering last year, there have been a lot of things rumbling in the background. In particular, the backlash from such activity has been quite notable, with HSBC throwing money service providers off their payments network last November and Barclays doing the same more recently….
Another major focal point of the debate last week was around information security, something that I presented around in-depth. My tenet is that banks should place themselves firmly at the heart of information security and offer customers a secure data vault. The bankers' reaction to this is: doesn’t that make us a target for hackers,…
Just gave a presentation at the EFMA Conference this week on online insecurity, exacerbated by mobile hacktivists. I'm quite pleased with it, as it's newly refreshed material, so here it is. Efma, no one is safe, 290513 from Chris Skinner There is a sound file recording which gives you the presentation speech to go with the…
We were privileged to host Tony Sales last week. Tony is Britain’s Greatest Fraudster, according to the Sun … … stealing over £30 million in a lengthy criminal spree of robbing cards and retailers of goods and services. Easily done, as it turned out. And you can see why when you listen to this phone…
