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Posted on February 22nd, 2012
The SEPA Regulation will be the fourth major regulatory intervention within a decade designed to achieve a harmonised euro payments market and will apply to most credit transfer and direct debit transactions denominated in euros within the EU, setting 1 February 2014 as the migration deadline for credit transfers and for most direct [...]
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Posted on February 22nd, 2012
The Reserve Bank began formal consultation for the Strategic Review of Innovation in late June 2011 with the publication of two documents – Strategic Review of Innovation in the Payments System: Issues for Consultation (the consultation paper) and Strategic Review of Innovation in the Payments System: Results of the Reserve Bank of Australia’s [...]
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Posted on February 21st, 2012
Core banking is the central processing unit of a bank. Banks, with the help of software vendors, have found the opportunity to leverage multiple channels in order to deliver products and facilitate transactions. What was once a system heavily reliant on paper-based operations has now been revolutionized by digital alternatives, bringing with it [...]
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Posted on February 16th, 2012
Trading under limited pre-trade transparency becomes increasingly popular on financial markets. This paper provides first evidence on traders’ use of (completely) hidden orders which might be placed even inside of the (displayed) bid-ask spread. Employing TotalView-ITCH data on order messages at NASDAQ, the authors propose a simple method to conduct statistical inference on [...]
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Posted on February 16th, 2012
Mobile devices (smartphones, tablets) are conquering mass markets and are increasingly being used for online banking. However, they are also increasingly susceptible to abuse. Both the fear of cyber attacks and experience of internet crime are on the rise. The security consciousness of users is also increasing. This has led to high growth [...]
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38 pages
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