Banks are being hacked all the time. According to various statistics, banks get over a million cyberattacks a year, and protecting the bank from breach is getting harder and harder. This was well illustrated by the Kapersky report of a cybercrime group in February gaining access to over $1 billion in two years by targeting over…
So I blast the corporate banking world for being slow to change and believing their customers won’t change … and maybe they’re right. After chairing a panel of large corporates including Jaeger, Virgin Media, Illy and Hotel Booker BV, the view seemed to be that banks were doing a good enough job and that corporates…
At last week’s Payments International conference, Dave Birch and I engaged in a fun Oxford style debate entitled: This House Believes That Banks Are Failing To Grasp The Mobile Opportunity. Unfortunately Dave got to propose the motion – we both said afterwards we could have argued either way – and, purely because a lot of…
Following on with our regular weekly interview, the Finanser talks this week with Soner Canko, CEO or BKM (Bankalararası Kart Merkezi), the ACH for Turkey. BKM was established in 1990 as a partnership of public and private banks. Today, all the banks that issue a card and own a POS are members of BKM. …
I received three links yesterday that were really useful. The first is from my friends at the Financial Brand who, every year, offer a free PowerPoint of useful stats and facts related to bank marketing. There are over 200 stats and graphs in this year's PowerPoint (7.5MB), which has just been released. You can download…
So Apple Pay finally launched in the USA on October 20 and there’s been mixed reviews. Some people couldn’t make payments, whilst some found they were double-charged. However, these are just teething issues and the overwhelming reports are positive. Even former Apple CEO and Financial Services Club keynote speaker John Sculley: I think Apple Pay…
Payments is tightly coupled with economic success and failure I had a great meeting with PaymentsNZ last week, which finished with a chat about why is the payments scheme relevant. You may think that’s a non-question, but it’s an important one if we are to keep track of why payments is worthy of dialogue when…
We had a revival of the Innotribe from SIBOS on Monday, by gathering the great and the good to discuss cryptocurrencies at the Escalator, an incubator for new fintech start-ups in East London run by Barclays Bank (if you want a primer on this, see Learn Cryptography). The session was led by Richard Brown, Executive…
