Chris Skinner's blog

Shaping the future of finance

Crime

Data is at the heart of everything today, especially cyberattacks

Another dimension of discussion at the Business Continuity and Disaster Recovery conference was the whole area of hacktivism and cyberattacks. We all know that the cybercriminals are organising cybergangs of cyberteenagers to cyberattack the cyberbanks (ed: isn’t that too many cybers for a Friday morning?). This was illustrated well by the figures I gave yesterday…

Mobile is the authentication tool

The more I think about mobile as an authentication tool, the more attractive it becomes. First you can geolocate customers using mobile.  XYVerify does this using telco masts, rather than mobile devices, as it can then use an independent verification mechanism to determine whether you really have you phone with you.  This is the sort…

Little donkey … oh no, it’s a money mule!

I just went to a really interesting meeting where the head of fraud for one of the major banks presented their approach to money mules. Pic from eCybercrime A money mule is a bit like a drugs mule, someone who is carrying out illicit activities on behalf of others. His definition is that a money…

Mule

Little donkey … oh no, it’s a money mule!

I just went to a really interesting meeting where the head of fraud for one of the major banks presented their approach to money mules. Pic from eCybercrime A money mule is a bit like a drugs mule, someone who is carrying out illicit activities on behalf of others. His definition is that a money…

Mule

How will the waiter bring the bill tomorrow? (#Sibos 2)

So I gave the waiter the international sign for the check please in the bar last night, by writing the wavy signature in the air. I then realised this sign is as outdated as taping something or setting up the video recorder. It’s a 20th century hangover. It's the sign for signing a credit card…

Iphone 5s finger

How will the waiter bring the bill tomorrow? (#Sibos 2)

So I gave the waiter the international sign for the check please in the bar last night, by writing the wavy signature in the air. I then realised this sign is as outdated as taping something or setting up the video recorder. It’s a 20th century hangover. It's the sign for signing a credit card…

Iphone 5s finger

Denmark’s major innovation? Digital identities!

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…

Denmark’s major innovation? Digital identities!

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…

Using big data to trace money laundering and fraud

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…

Using big data to trace money laundering and fraud

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…