Worldwide


Banks must educate consumers about fraud says Aite

Banks need to do more to educate consumers about the ways in which they may be exposing themselves to fraud risks, according to a new report by Aite Group using data from ACI Worldwide, which notes that one in four consumers has been victimised by card fraud in the past five years.

Online transactions to touch $5 trillion in four years’ time

The annual transaction value of online, mobile and contactless payments will nearly double over the next four years, reaching $4.7 trillion by 2019, up from just over $2.5 trillion this year, with contactless payments primarily driven by card purchases rather than mobile.

SIMalliance: HCE Will Expedite NFC Rollout (June 23, 2014)

Host card emulation (HCE) technology has gained an unlikely supporter. SIMalliance, which had been critical of HCE’s role in bringing NFC-based mobile payments into the mainstream, said today that HCE likely will expedite SIM-based NFC payment deployments.

Piecing together the data scientist puzzle

Depending on who you speak to, the definition of a data scientist seems to mean different things to different people. Some see it as a glorified number crunching role, others believe the position requires someone more inquisitive to spot and respond to key trends.

Funds industry coming to terms with AIFMD as deadline approaches

Fund managers are showing a “significantly more positive attitude” to the imminent Alternative Investment Fund Managers Directive. Initial fears appear to have subsided, the challenges and predicted costs have significantly reduced and the industry is realising the opportunities.

Data dominates SifmaTech debates

The explosion of data in the securities and capital markets industry – more than 30% CAGR – is rapidly becoming a problem for market participants and managing that challenge will require a disciplined approach to the development of new data architectures.

T+2: Settlement Time

In April, US post-trade utility the DTCC called for the US settlement cycle to be moved to T+2, to bring it into line with what’s happening in the rest of the world, which is converging on T+2 settlement cycles – at different speeds.

Financial services in the firing line for cyber-attacks says ex-CIA chief

“The fastest growing national security threat facing the [US], which also happens to face the financial services industry, is cyber-espionage, cyber-crime and cyber-terrorism” according to a former deputy and acting director of the Central Intelligence Agency, speaking at the SifmaTech conference in New York.