Do You Know the Difference Between Enterprise Risk and Other Risks?

In this Enterprise Risk Management Training video, Richard Barr talks about the difference between enterprise risk and other types of risks.

Do you know the 10 reasons why internal controls break down in the event of fraud? Details HERE.

Movenbank strikes deal with tech vendors

Movenbank has struck deals with three vendors for the provision of payment, mobile and personal finance management technology.

Movenbank, which pitches itself as a mobile-centric, cardless and branchless bank, opened up an 'alpha site' last year to trialists and is "working towards" a commercial launch later this year.

Like fellow tech-heavy new entrant Simple, the firm is not actually a bank, instead working with partners that have charters and FDIC insurance while it provides the front-end.

To help it do this, it has now struck deals with Fidelity Information Systems, Tagit Mobile and Geezeo to develop its integrated payments, mobile commerce and personal financial management platforms.

Scott Bales, chief mobile officer, Movenbank, says: "Each of our strategic partners have been hand-picked to deliver Movenbank's vision of creating a world-class mobile centric customer experience, with feedback loops that will help our customers spend, save and live smarter with their money."

Last month the firm raised $2.4 million in seed funding and launched its proprietary CRED relationship and credibility score, which analyses financial data, social influence, and shopping patterns.

CRED is a real-time measure of financial health that that analyzes financial data, social influence, and shopping patterns.

Banco Bradesco opens futuristic hi-tech branch in São Paulo

Brazil’s Banco Bradesco has opened a futuristic hi-tech branch in São Paulo that includes robot guides, personalised financial advisory services from digital avatars and on-screen consultants, biometric interfaces, as well as wall- and table-mounted gesture-controlled touchscreens.Customers entering the "Bradesco Next" branch are welcomed by Link 237, an R2DT-inspired bot that greets visitors with a smile and invites them to explore the space.

Biometric log-in points play a central role in the design of the branch, which is geared towards the provision of easy access to tailored financial advice. Bradesco first introduced Fujitsu's palm-based biometric authentication in 2006 and has since registered 10 million user profiles. Once “touched in”, customrs can conduct transactions at a range of cardless ATMs, and are provided with personalised information across a variety of touch-controlled digital interfaces in the branch.

A one-to-one customer service room - where the partition glass automatically frosts over to ensure privacy - provides a space for clients to interact with digital avatars or request a video conference with an investment specialist.

For those suffering from a hi-tech overload, the 'Mesa Lounge' offers a touchscreen display table where customers can order a bottle of mineral water, read the latest magazines or find out about the latest cultural events in town.

Tracking banknotes

Saudi Arabia is developing a new RFID chip to be embedded into its currency. Researchers at the Functional Nanomaterials and Devices Laboratory at the King Abdullah University of Science and Technology are working on putting a memory device into banknotes. Click HERE for more details of this project.

Google Payments Live - Google Wallet updates

An update on the features of the new Google Wallet as well as what lies ahead. Special guest is Robin Dua, Google Wallet Product Manager.

Video ATMs - Here’s how it works

Video ATMs combine automated bank technology with direct contact with a specialist bank staffer at a remote location.

Some key elements of video ATM technology include:

• Providing customers with real-time, face-to-face video access to live tellers
• Using bank staff as the tellers for remote locations
• Allowing members customers to conduct all transactions that are usually only available at a typical branch facility on a remote basis.

In reality, a video ATM if configured correctly can turn the access point into a fully functioning branch.

Here’s a demo of manufacturer “uGenius” video ATM product.

Who has lost the most on Facebook so far?

Bloomberg's Adam Johnson looks at which Facebook investors lost the most as the first lockup of shares ended with shares beings released three more times in the next three months. He speaks on Bloomberg Television's "In The Loop."