PayGate takes M-PESA online

“South African payment solutions provider PayGate has launched a solution making it possible for consumers in Kenya and Tanzania to pay for online products and services via M-Pesa.

The announcement comes as part of efforts on the part of PayGate to facilitate increased e-commerce activity in African countries, where uptake has to date been low due to the lack of payment options available.” <<READ MORE>>

What we are reading … 6th February 2013

How to Communicate on Projects http://shar.es/CO8wT

Usernames and passwords: everybody hates them http://www.finextra.com/Community/FullBlog.aspx?blogid=7337

Take aim at operational risk-before it bites you http://www.ababj.com/blog/5638.html#.UQt6DwJRNNo.twitter

UK banking reforms: What's new? http://www.bbc.co.uk/news/business-21322701

Big Data Is A Retail Bank Marketing Mirage http://shar.es/COqwZ

Increased Transparency: Byproduct of Improving Technology http://www.finextra.com/Community/FullBlog.aspx?blogid=7339

African Migrants Could Save US$4 Billion Annually on Remittance Fees http://shar.es/COOut

The Problem With How We Prepare for Disasters http://shar.es/CO2hz

Banks Face the Innovator's Dilemma http://www.finextra.com/Community/FullBlog.aspx?blogid=7341

Will moving OTC derivatives to CCPs reduce systemic risk?

“The global financial crisis drew attention to the serious risk that the over-the-counter (OTC) derivatives market presented to the broader economy. Following the financial crisis, regulators across the world made concerted efforts to improve the transparency and risks associated with the OTC derivatives market. The challenge has been to balance this with preserving the benefits they offer to the market.” <<READ MORE>>

What we are reading … 5th February 2013

Establishing an Enterprise Risk Management (ERM) Framework Enterprise http://dld.bz/cduW3

MasterCard Study Reveals Six African Cities with Highest Growth Potential http://dld.bz/cduWy

Should We Regulate the Way Big Data Can Be Used To Make Loans? http://dld.bz/cduWw

Most Major U.S. Retailers Won't Charge Credit Card Checkout Fee http://dld.bz/ccVZv

ATM Cash-Out: Why Banks Are at Risk http://dld.bz/ccVZu

From innovation comes disruption http://www.finextra.com/Resources/Feature.aspx?featureid=1844

Say goodbye to more bank branches http://cnnmon.ie/WYn9Oi

Barclays bank 'ignored pay warnings' http://bbc.in/WQUQTO

Check Scanners That Detect Fake I.D.'s Help One Bank Fight Fraud http://twb.io/XiF9Vv

ECB seeks to improve online payments security http://www.finextra.com/News/FullStory.aspx?newsitemid=24499

London bus contactless system charging wrong cards

“One hang-over from introducing contactless bank cards on the buses to pay for your fare, is that some people are being charged on the wrong card.

This happens when your bank card and your Oyster card are next to each other in your wallet.” <<READ MORE>>

Bye-Bye Big Data (Please!)

“2012 was a long year. Being a fact-based research analyst I don’t say that lightly of course. The simple fact is that 2012 was 0.27% longer than 2011 (it was a leap year). But, that’s not what made 2012 seem long. To be perfectly honest, I got a little weary of Big Data. And, mea culpa, of course I’ve chimed in on this topic with my esteemed colleague Nat Rowe in the Aberdeen research report Go Big or Go Home? Maximizing the Value of Analytics and Big Data. But, sometimes it seemed like Big Data was featured in every press release and every strategy briefing that I receive from vendors.” <<READ MORE>>

Mobile banking - what the West can learn from the East

Finextra’s Elizabeth Lumley speaks with Diarmuid Mallon, Head of Global Mobile Marketing Programs at SAP, who discusses the range of mobile innovation and developments coming out of emerging economics and how the West can benefit. <<WATCH VIDEO>>