In a report prepared by the National Irish Bank (NIB) and released today, Andrew Healy, CEO of the NIB, presents ideas for modernising payments in Ireland, with two key objectives for 2013: Reduce cheque-use by 95% by 2013 Reduce cash usage to below the EU average by 2013 For a long time now, we’ve known…
Last year, we performed a major survey in anticipation of the implementation of the PSD and SEPA Direct Debits, to see how the world viewed these areas. The research received over 350 responses from financial professionals worldwide, and found a general cynicism about the effectiveness of the PSD in particular, due to inconsistencies in interpretation…
Following on from yesterday's number – UK Bank Stats: a fascinating portrait of life -I was sent another report today from TheCityUK, the trade body that promotes the interests of the City of London.There’s loads of numbers in this document that are useful, which I will post in a few separate blog entries starting with…
A final note on remittances and I've already been taken to task by one reader, who points out that a 'migrant worker' in one country is another country's customer overseas. This is a key point for some banks, as they enable their customers to migrate and have full financial services whilst working overseas. That's an…
Great conversations continue in the remittances space, or money transfer space if you prefer, with a chat with the global transaction services folks from a major bank. This bank has a dilemma: are they in the remittances space or are they not? They really want to be in this space but are worried about risk…
We had a really interesting free-ranging conversation about remittances and new services for remittances yesterday. Oh yes, I should say that I’m at a remittances conference so that’s the reason why. The discussion was about the NEXT BIG THING in money transfer … or rather whether and if there is a NEXT BIG THING in…
I’m intrigued by the number of discussions there are around identity. There have been several here recently, for example: Adventures in identity: are you paranoid or schizophrenic? If identities are unique, why do I have so many? Why identity management is so complicated And there are a number of blogs dedicated to identity management issues,…
There’s the classic old joke about the European dream being a place where the police are English, the chefs are Italian, the car mechanics are German, the lovers are French and the bankers are all Swiss. The nightmare is that it is a place where the police are German, the chefs are English, the car…
Inspired by three events this week, I focused on apps for my panel discussion today … and got shot down in flames for talking bollards. Harrumph. Here are the events, the logic, the proposal and why it got shot down. First, the events. Event number one: my first iPhone My Blackberry has just been switched…
