During the week, I enjoyed lunch with a venture capitalist who works with start-up firms that are innovating in financial services. One of the businesses he’s investing in is Wonga, another business that appears to be disrupting banks' business models in the same way as Zopa has been. I’d never heard of Wonga before, except…
During the week, I enjoyed lunch with a venture capitalist who works with start-up firms that are innovating in financial services. One of the businesses he’s investing in is Wonga, another business that appears to be disrupting banks' business models in the same way as Zopa has been. I’d never heard of Wonga before, except…
From the Financial Times today: Card charges rise in spite of low rates "Credit card providers have continued to raise charges in spite of historically low interest rates … "In the past year the cost of borrowing money on plastic has risen from 16.8 to 17.7 per cent. "Over the same period the prevalence of…
I was at the Card Awards last night and a grand and lavish affair it was, with over 1,000 people noshing through a 3-course fine dinner (although it was held in a tent in Battersea Park!). It was the usual dickey bows and taffeta dresses affair presented by the very engaging John Humphreys, host of…
Following hot on the heels of the Heartland Payments Systems data breach, which compromised nearly every payment card in America, news broke yesterday on New York's Fox 5 that RBS WorldPay not only had the data hacked for around 1.5 million payroll and gift cards back on December 23rd, but also that the mag stripe…
Following hot on the heels of the Heartland Payments Systems data breach, which compromised nearly every payment card in America, news broke yesterday on New York's Fox 5 that RBS WorldPay not only had the data hacked for around 1.5 million payroll and gift cards back on December 23rd, but also that the mag stripe…
Speaking of Jamie Dimon’s appearance at Davos, he called upon a rethink of the Central Clearing System for OTC Derivatives that everyone wants to see in play. The clearing and settlement area is the plumbing of financial service, where all risks of sellers or buyers defaulting are managed by the clearer acting as the buyer…
The next meeting of the Financial Services Club will be held on 2nd February with Brian Thumwood, e-Billing Programme Manager for DHL, discussing DHL's experiences with e-Invoicing in practice. DHL have completely transformed their accounts receivables processes using e-invoicing innovations, with major benefits as a result, including faster payments and less days sales outstanding. Brian…
