Clearing & Settlement: a coagulation of regulation
Updated: 2012-05-31 10:23:52
Things worth reading: 31st May 2012
Updated: 2012-05-31 06:33:23The Bully Model of Consumer Finance and Litigation
Updated: 2012-05-31 03:07:31There's a fearful symmetry in the consumer finance world. It's a symmetry of bullies between overreaching financial institutions and plaintiff strike suits, as in both, litigation costs present a ceiling, under which there's a license to overreach. What does a...Things worth reading: 30th May 2012
Updated: 2012-05-29 23:37:58Bankruptcy Immigrants
Updated: 2012-05-29 22:10:10Fascinating story in the Guardian about Irish debtors temporarily moving to the UK in order to gain access to more favorable bankruptcy law. I guess the Brit's have a more lenient version of 522(b)(3) or a looser good faith filing...HMS RadLAX
Updated: 2012-05-29 20:30:23I've posted my thoughts on RadLAX over at Dealbook (along with another column on Dewey if you'd like to check that out too). In short, I noticed Justice Scalia's fascination with cannons too.As Expected
Updated: 2012-05-29 15:26:52The Supreme Court has affirmed the 7th Circuit in RadLAX. I'm sure Adam, I, and others will have more comments to follow. The 8-0 decision certainly makes me feel a bit more comfortable about those old posts arguing that the...Why the branch vs branchless debate is futile
Updated: 2012-05-29 08:23:33Things worth reading: 29th May 2012
Updated: 2012-05-29 03:50:22Banks take IT efficiency gains in bonus payments
Updated: 2012-05-28 09:06:46Things worth reading: 28th May 2012
Updated: 2012-05-28 04:34:49The Finanser's Week: 20th May - 27th May 2012
Updated: 2012-05-27 05:07:56Freep, froop, frop . . . No, It's Pottow!
Updated: 2012-05-25 20:24:17Credit Slips alumni John Pottow sent me an op-ed from Freep.com. Being an idiot, it took me a while to figure out that this was the Detroit Free Press. John takes on the huge trading loss at J.P. Morgan and...The “P2P” Payments Battle is Raging
Updated: 2012-05-25 17:51:07There are so many choices when it comes to P2P services offered by banks. Yesterday, clearXchange announced that it has finally gone live for payments being sent between Wells Fargo and Bank of America. This isn’t the first big move in this space in 2012 - Fiserv announced in late February that it is combining ZashPay [...]Does EU Really Want to Ban Card Interchange?
Updated: 2012-05-25 17:35:15Just as PayPal in the US was gearing up to challenge the established order of payment networks (see my previous blog), on the other side of the Atlantic, MasterCard (MA) received news that the European General Court upheld a decision by the European Commission (EC) that the scheme’s multilateral interchange fees (MIF) violate EU antitrust rules. MasterCard said it [...]PayPal’s March Into the High Street
Updated: 2012-05-25 16:35:21The readers of this blog and Celent clients with access to our reports will know that when we talk about “mobile payments” we are careful to specify what we mean by it. While many talk about NFC payments, we prefer to discuss “mobile at the retail point-of-sale”, recognising the diversity of ways how a mobile could be [...]How Many Bank Branches do we Need in the US?
Updated: 2012-05-25 15:34:28
Finextra published an article yesterday that was also picked up by American Banker and others.
The news was twofold:
1. Bank of America announced it enjoys 10 million mobile banking customers, up about 3 million from a year ago - about 43,000 new active mobile customers per week.
2. Concurrent with its swelling ranks of active mobile banking [...]The end of 'free' banking
Updated: 2012-05-25 14:03:21Things worth reading: 25th May 2012
Updated: 2012-05-25 04:21:03Things worth reading: 24th May 2012
Updated: 2012-05-24 07:05:23What Is Private Equity?
Updated: 2012-05-23 14:04:04The Presidential campaign's focus on Mitt Romney's record at Bain Capital suffers from a confusion about what private equity is. Steven Rattner starts to lay this out in a NYT column, but I think the issue could still benefit from...Things worth reading: 23rd May 2012
Updated: 2012-05-23 06:20:38Did demutualisation fuel the UK crisis?
Updated: 2012-05-22 23:48:00Things worth reading: the European View (7)
Updated: 2012-05-22 23:12:36Case Study: Barclays Pingit for Consumers and Corporates
Updated: 2012-05-22 09:06:33Things worth reading: 22nd May 2012
Updated: 2012-05-22 06:00:19EBADay 2012
Updated: 2012-05-21 16:28:37Its event season at the moment – I’m off to Madrid for a client event tomorrow for example. Last week though was EBADay in Edinburgh. EBADay is actually now a 2 day event, now, by my calculations, in its 6th year. Its roots lie in the EBA Clearing AGM, which actually is central to [...]Lázaro Campos to step down; Gottfreid Leibbrandt new CEO of SWIFT
Updated: 2012-05-21 13:27:43Things worth reading: 21st May 2012
Updated: 2012-05-21 06:27:48Mobile Payments Come to Canada
Updated: 2012-05-18 17:57:19I recently blogged about all the different mobile payments initiatives in the UK. As if not wanting to be left behind, this week Canada had a few announcements of its own. On Monday, the Canadian Bankers Association (CBA) introduced mobile payments guidelines. And on Tuesday, Rogers Communications, a Telco, and the Canadian Imperial Bank of Commerce [...]Nacha Payments 2012 Round-up
Updated: 2012-05-11 06:09:41Last week I was in Baltimore for the Nacha Payments annual event, a regular fixture on my calendar. I just wanted to share some impressions, some of my own, others themes from the many conversations I had. For those of you who’ve not been, it’s a large event – registrations this year were around the 2500 [...]Why Smaller Banks Should offer Image Cash Letter Deposit Services
Updated: 2012-05-10 22:35:50
Farmers & Merchants Bank, a $2 billion-asset bank based in Long Beach, Calif., is launching an image cash letter service. The accompanying press release caught the eye of American Banker resulting in a story today on the topic, Big Check Volumes Aren’t Just for Big Banks, a Small Bank Says, written by John Adams. I [...]Celent Innovation and Insight Day - Panelist Sneak Peek and Registration Discount!
Updated: 2012-05-08 14:39:48Celent Banking Innovation and Insight Day is around the corner! The response so far to this event has been tremendous and we are expecting a full house. Come join us in Charlotte on June 13th to gain a fresh perspective on the future of mobile banking and payments, tablet banking, industry disruption, and more. Celent [...]Top Trends in Corporate Online Banking
Updated: 2012-05-08 03:41:19There is a lot going on in the cash management space, and numerous banks are steadily working on plans for up to date portals, solutions, and experiences. I published a new report last week, Top Trends in Corporate Online Banking. The report examines and analyzes the top trends in online cash management, and provides [...]