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Connecting the unbanked key to easing poverty

Globally, around 50 per cent of the population do not have a bank account. Whether that is perceived as a surprisingly large or surprisingly small ratio is questionable; what is certain is that there is a potentially significant opportunity to provide those financial services

Rise in non-cash volumes brings innovation opportunity

simon-newstead

Global non-cash payments volumes continue to rise unabated, according to World Payments Report 2013 (WPR 2013), which was launched today. Non-cash transactions grew by 8.8 per cent during 2011 (the latest year for which full data is available) and are predicted to top 333 billion for 2012.

Warsaw installs co-lo as Italy imposes HFT tax

Italy's Senate in Rome has passed a new tax on HFT

Poland’s Warsaw Stock Exchange has introduced co-location systems designed to appeal to high-frequency traders, as Italy clamps down on HFT with Europe’s first HFT-specific tax. The moves highlight ongoing national and international divisions over the role of HFT in capital markets.

Risk data: can it be both efficient and compliant?

data-analysis

With six months before the 4th Capital Requirements Directive comes into force, many will be asking what technological improvements will be necessary to efficiently manage risk going forward. Before they embark on a costly overhaul of their data systems, firms should look at what regulatory trends are likely to require similar changes in the future and adjust their specification accordingly.

Roundtable: the Future of Standards

Roundtable_Swift

Predicting the future is never easy, but trying to anticipate likely developments in a particular area is essential in order to take timely action. With that caveat, Stephen Lindsay, head of standards at SWIFT, sets a boundary on a discussion on the Future of Standards: “What we are trying to do is extrapolate a little bit from where we are now to where we might be in a few years’ time,” he says.

Misys targets branch innovation in Middle East

Chris Weddell - Misys

Rising technological sophistication offers the chance to reinvent retail banking in the Middle East, says Chris Weddell, business solutions group director Middle East and Africa at bank software and systems vendor Misys.

A pro-fund change? Good news for AIFs

savings-pot

The Alternative Investment Fund Managers Directive threatens to have a significant operational impact on the industry. Fund managers will soon be subject to a host of new requirements including increased KYC and due diligence, better risk and liquidity monitoring, and new reporting and disclosure requirements. However, in the UK the transition looks to be particularly […]

Indian SMEs in crosshairs at Western Union and IndusInd Bank

Mumbai-based IndusInd Bank and Western Union are targeting India's SMEs

India’s IndusInd Bank and Western Union have created a partnership designed to make foreign exchange and global business easier for SMEs in India.

The future of payments: beware of the dud?

Hines: intelligent, contextual payments that help everyday life will win out

The financial services sector needs to be wary of payments solutions that may be solving phantom problems that are of little relevance to the consumer, according to speakers at the Experian payments conference in London on Tuesday.

London financial jobs scene showing upward trend

monochrome-street-scene

The number of new financial services jobs available in London during May was 20% over the previous month and recruitment specialists say that the trend is upwards, but the number of new jobs in May was 59% down compared to the same period last year.

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