Posts Tagged systems

Future of Retail Banking – impact of mobile phones, RFID and alternative payment systems, online banking and financial services trends. Conference keynote speaker Patrick Dixon

Jan 29

Posted by financial editor in Banking Services | 10 Comments


www.globalchange.com Threat to retail banks from mobile phone payment systems using SMS, RFID and other technologies including biometrics (fingerprint). How mobile / wireless technologies will transform retail financial services, purchases especially for relatively low value transactions. Video interrupted by security guard on instructions from his boss…. clearly making even a short YouTube video is itself a potential threat! Maybe they are right. YouTube comments spread at the speed of light. Comment by Dr Patrick Dixon, futurist, leading authority on global trends and conference speaker.

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Has the outsourcing of financial technology systems contributed to the Financial Services industry crisis?

Sep 3

Posted by financial editor in Financial Services | 4 Comments

Some experts are saying that flexible and robust financial business intelligence systems would have been able to alert upper level management of impending problems. Wall Street’s infatuation with outsourcing led it to save a lot of IT dollars and lose its ability to build new IT systems for new financial environments. Dumb move.

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Financial system’s size rose to Rs 9.2 trillion by June 2010: SBP

Dec 15

Posted by financial editor in Financial Loans | No Comments

Financial system’s size rose to Rs 9.2 trillion by June 2010: SBP
KARACHI (December 15, 2010) : The country’s financial system’s size, in terms of assets, increased to Rs 9.2 trillion by end-June 2010 showing a robust growth of 20 percent from December 2008 level of Rs 7.71 trillion, says the State Bank’s Financial Stability Review 2009-10, released on Tuesday.

Read more on Business Recorder

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Mobile phones threat to banks end to credit and cash cards. Mobile payment systems

Aug 31

Posted by financial editor in Financial Loans | 6 Comments


www.globalchange.com Mobile phone companies could threaten banks with mobile payment systems. End to credit cards, cash cards and other traditional banking methods. Micropayments already used for foreign exchange transactions. Banking will grow using PDAs and other mobile devices. How banking industry will look for new partnerships with mobile phone operators and device manufacturers. Future of financial services mobile device marketing of loans, insurance and mortgages. How telecom companies will be able to offer free handsets and unlimited calls sms / data use if users stop using credit cards or cash cards for most payments. Comment by Futurist keynote conference speaker Patrick Dixon.

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