Financial Services Tech Forum

Archives for February 2013 « Recent Articles

Photo of Marc DeCastroOffline

I remember when....

By Marc DeCastro

Perhaps I am getting to a point in my life where I can reflect at what changes I have seen, and ponder about what the future holds for my children. There is no doubt that when it comes to my 20 plus years of interacting with banks I have seen lots of changes brought about by technology, but I wonder what my young children will reminisce about when they reach my age. While childhood dreams of flying cars and robots doing our chores has not materialized, there certainly has been significant advancements in technology.

Photo of Li-May ChewOffline

Changing global dynamics call for executives to astutely manage their risk profiles to ensure that their financial institutions not only survive but thrive in this "new normal" environment - an environment where bankers have to deal with a climate of protracted slow growth and hyper competition. With various forces converging to push risk management into the consciousness of senior bankers across Asia/Pacific, we conducted a CRO Survey polling 40 banking Chief Risk Officers (CROs) and their deputies from across 11 Asia/Pacific nations to shed light on core risk initiatives and the associated business drivers.

Photo of Aaron McPhersonOffline

Much Ado About Surcharging

By Aaron McPherson

On January 28, 2013, new rules went into effect at Visa and MasterCard allowing merchants to add a surcharge to credit card transactions as a way of covering their costs. This sparked a wave of panicky coverage in the mainstream press, which provoked a statement by the National Retail Federation that merchants couldn't surcharge in most cases, even if they wanted to, which they don't. Then the Electronic Payments Coalition fired back with a statement poking holes in the NRF's statement, and asserting that merchants have long been agitating for the right to surcharge. The question remains, will they actually do it?

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