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15 Apr 2015 14:27

Jamie Dimon on JPMorgan Chase’s Q1 results

The JPMorgan Chase first-quarter earnings call with analysts on 14 April was more subdued than the typical tone expressed by the otherwise outspoken CEO Jamie Dimon, one of the few banking leaders who’s been quick to criticize regulators. Read more … [Source: PYMNTS]

15 Apr 2015 11:08

Oracle to dethrone SaaS leader Salesforce by year’s end

Oracle’s cloud services may account for just 5% of its revenue, but the company plans to be the world’s largest cloud service provider by the end of the year. In an interview with India’s Business Today, Oracle senior VP Shawn Price tells reporters that the company will aim to surpass current cloud computing. Read more … [Source: PYMNTS]

15 Apr 2015 10:38

What banks need to know from Verizon’s breach report

Hackers are attacking companies with multiple motives and multiple attack vectors, the annual security report finds. Phishing remains effective and cyber-threat sharing efforts need to speed up. Read more … [Source: BTN]

14 Apr 2015 12:24

Alternative lending still on the decline for SMEs

Following a long winter, small business lending continues to thaw. March figures show approval rates are improving, reaching new heights, according to the Biz2Credit Small Business Lending Index. Read more … [Source: PYMNTS]

14 Apr 2015 08:09

Small banks get surprising head start on Apple Watch

The Apple Watch has many functions, and one of them may be leveling the playing field between big and small banks. Read more … [Source: BTN]

13 Apr 2015 14:59

TEB expands mobile banking to include live chats

Türk Ekonomi Bankası, one of the private sector commercial banks in Turkey, and a strategic partner of BNP Paribas, has launched an enhanced digital banking service featuring the ability to hold live chat sessions with bank staff. Read more … [Source: Bankingtech]

13 Apr 2015 13:19

General Electric to offload banking business assets

General Electric has announced plans to offload most of its banking business assets in a bid to refocus on its core business of heavy industry and infrastructure. Read more … [Source: BBR]

13 Apr 2015 13:17

The year of payments 2015 (one quarter in)

The first three months of 2015 have been anything but gentle and calm, yet the moves we’ve seen have been made by some sharp innovators. Read more … [Source: PYMNTS]

13 Apr 2015 09:49

Citi to build global ecosystem for fintech

Jorge Ruiz, managing director, Digital Acceleration Global Program Head, Citi, talks about the ongoing Citi Mobile Challenge. Read more … [Source: Finextra]

10 Apr 2015 15:12

AmEx experiments with facial recognition tech

American Express Co is taking a closer look at facial recognition and wearable technology with an eye towards developing new capabilities for some of its mobile apps. Read more … [Source: PYMNTS]

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Payments geek, innovation practitioner, startup amateur. Innovation manager in respect of remote channels strategy and emerging payments platforms. Honed knowledge and skills on mobile payments and proximity payments schemes for several years, offering advice on traditional (ATM, Internet) and new ways of offering transaction services to top-10 banks in Russia.
9 posts

Written by  12 Mar 2013 09:47

Banks need to start seeing themselves as consumer experience agents

This blog’s author starts to be confused on how many occasions already did he tried to make a point on banks managing the consumption experience, rather than money of consumers – the role they have been specializing over the last several hundred years. Emerging from the dawn of Mediterranean commerce, retail banks of our time  Continue Reading »

Written by  19 Dec 2012 10:47

Sberbank buys Yandex Money as part of its ecommerce/payments and big data push

So it happened: Sberbank has today formally announced it is entering a strategic partnership with Yandex Money, meaning it is acquiring a majority share of a leading epayments / emoney company, sprung to life by Yandex, world’s leading cyrillic search engine. Now, one “big data” search company hands over a payment service to another company  Continue Reading »

Written by  25 Nov 2012 04:56

Sberbank announces plans to move to chip-only cards

Sberbank, Russia’s (and CEE region) biggest bank, with over 72 million active cards  as of first half of 2012, announced earlier this month, that it is considering to move all issuance to chip cards and discard magstripe-only cards. The reason for this is a surge of skimming – that tripled from last year for Sberbank  Continue Reading »

Written by  15 Jun 2012 03:06

Social media cases for Russian banks: hits and misses

Social media for banks is the latest darling. Interviewers question and try to crunch down the number of banks’ social media teams and comments going their way, to inquest on banks’ latest ‘social initiatives’, and banks all are trying to invite as many ‘likes’ on their Facebook and other social networks pages, some even creating and paying  Continue Reading »

Written by  28 May 2012 10:38

Some banks play it different by launching Angry Birds on the backs of cards

Competition in retail banking has probably never been so intense. Commoditizing commissions, new non banks players disrupting income value chains – channels proliferation makes it all harder to convey a consistent image to a customer’s mind. Yet what about his heart? Banks are more responsible for breaking peoples hearts, than that of warming them –  Continue Reading »

Written by  27 Apr 2012 09:12

Punkmoney: a currency system for a ubiquitous web society

I’ve first met Punkmoney concept and its principal founder, Eli Gothill, at the Digital Money Forum 2012, and I can’t help falling in love with the concept: the system allows a user to issue money in a form of favors that he gives to other people who are all users of Twitter – so that  Continue Reading »