Showing posts with label eCommerce. Show all posts
Showing posts with label eCommerce. Show all posts
Tuesday, November 5, 2013
Online and email fraud high among business concerns
"Ecommerce and payments fraud remains high on the agenda for consumer-facing organizations, according to a recent Deloitte online poll.
Nearly half (47%) of executives and managers reported that fraud protection ranks as a “high priority” for their organization and a further 8% cited this as their organization’s No. 1 priority." Continue Reading
Monday, October 14, 2013
Mobile Banking Players Are Shaking Up China’s Cozy Oligopoly
"The biggest threat to Chinese banks’ cozy oligopoly may be in the hands of the nation’s consumers. Two online companies, Alibaba and Tencent, are making incursions into the country’s financial services market, providing an alternative to the capped deposit rates and sluggish service offered by the country’s big lenders. The disrupters are taking on risks, and savers should be glad.
Alibaba, the e-commerce group that just bought a 51 percent stake in the asset management company Tianhong for $193 million, is the banks’ main foe. By July, it had made over $16 billion in short-term loans to companies that sell goods on its sites. Its real-time records of borrowers’ cash flows and counterparties aid in lending decisions." Continue Reading
Alibaba, the e-commerce group that just bought a 51 percent stake in the asset management company Tianhong for $193 million, is the banks’ main foe. By July, it had made over $16 billion in short-term loans to companies that sell goods on its sites. Its real-time records of borrowers’ cash flows and counterparties aid in lending decisions." Continue Reading
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