article thumbnail

Top Performer: Retail-Funded Bank Model

Banking 2020

This conclusion is consistent with the findings in a paper by Altunbas et al (2011) who document that banks with a greater share of deposits in their funding mix fared significantly better in the recent financial crisis than those dependent on market funding.

Retail 40
article thumbnail

French chip and PIN hack ‘most sophisticated ever’

Banking 2020

The fraud, which took place over several months from 2011 to 2012, caused a net loss of €600,000, involved over 7,000 transactions and featured 40 modified cards. It was a highly complex attack, but essentially it saw fraudsters embed two chips in payment cards to carry out man-in-the-middle style attacks.

Fraud 40
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Barriers to financial inclusion

Banking 2020

Financial inclusion efforts are building globally as new technology and a swathe of regulatory reforms are helping some of the world’s poorest people to make use of banking and payment services. The arguments in favour of opening up financial services to more people are powerful.

ATM 40
article thumbnail

Is your bank stopping fraud?

Banking 2020

for every £100 spent, the lowest level since 2011 and down from 7.5p Banks and card company security systems stopped a total of £355.4 However, this is not all bad, as FFA UK notes: “Over this period overall card spending has grown substantially, so card fraud as a proportion of card purchases has fallen to 6.9p at the end of 2014.”.

Fraud 40
article thumbnail

FI Highlight: National Police Credit Union

Banking 2020

CPFCU exclusively served the Chicago Police Department until 2011, when it began expanding to other police departments in the Chicagoland area and the State of Illinois, with the most recent addition being the National Fraternal Order of Police in 2014.

article thumbnail

The Mother List of All Banking Books

Jeff For Banks

Giannini: The Man with the Midas Touch 2009 Edward Chancellor Chancellor, Edward Devil Take the Hindmost: A History of Financial Speculation 2000 Dr. "Rusty" Big Bad Banks: How Greed and Ego Among the Big Shots in Banking and Government Created the Crisis that Wrecked Our Economy 2009 William D. Cohan Cohan, William D. 2008 Richard P.

America 78