SET Training - Banking and Fintech

The banking sector survived two big shocks in 2023: the collapse of Silicon Valley Bank and the disaster-driven sale of Credit Suisse. Swift action prevented a global economic crisis but threats remain

Check out my latest post "Implementing NFC payment systems in developing countries. Part 5 - Why NFC payment systems are beneficial for developing countries" Free access HERE

Read my new article on Substack on the complex landscape of bitcoin's surge and the unresolved mysteries of cryptocurrency - is it an asset, gambling or a scam? Free access HERE  

Thoughts on fintech, banking, payments, risk management, AI, going green, economics, business and much more… The latest edition is now available - HERE

A comprehensive examination involving more than 300 insiders from the banking industry worldwide reveals intriguing and sometimes conflicting viewpoints regarding the speed and nature of forthcoming changes in retail banking in the coming years. The 2024 Retail Banking Crystal Ball research initiative collected insights from major global and national banks, regional banks, community institutions, credit unions, fintech firms, vendors, and advisors across North America, Europe, Asia, and other regions. In an effort to address pressing questions confronting financial institutions as we transition into the new year, the Digital Banking Report sought input from industry professionals to outline their projections on what the future holds and when. The study delved into 14 perspectives, as depicted in the initial chart below, spanning four pivotal areas of banking: Competition and Consolidation Modern Technologies Payments Digital Transformation Read the full article HERE .

Gone are the days of dusty suitcases stuffed with cash. Money laundering has gone digital, evolving at breakneck speed alongside the payments industry. With new methods popping up like whack-a-moles, institutions face a daunting challenge: how to keep up and stop billions from vanishing into the shadows. In this episode of the Payments Journal podcast, Amber Goodrich, Compliance Analyst at CSI, and Kevin Libby, Fraud & Security Analyst at Javelin Strategy & Research, dive into the ever-shifting landscape of financial crime. Join them as they unpack the latest laundering tactics, expose industry vulnerabilities, and offer crucial insights on how companies can fight back. Buckle up, it's a high-stakes chase against cybercriminals in the fast lane of finance. Listen HERE .

In 'The Unhackable Internet' veteran banking attorney and regulator Tom Vartanian argues for replacing today's Internet with a new, more secure network for financial business. Is he crazy — or a prophetic Cassandra for the age of digital money? Read all about it HERE .

Check out my regular posts and articles on  STANLEY's MUSINGS . Thoughts on fintech, banking, payments, risk management, AI, going green, economics, business and much more... Regular posts on issues related to banking, fintech, blockchain,digital banking, payments, foreign exchange, technology, CBDC's and much more. Never miss a new posting. Subscribe now on the site.

S ince 2001 the Citadel Advantage Group (as Citadel Advantage Ltd. from 2001 to 2022 and as the Citadel Advantage Group since 2023) has been working with banks and financial institutions to make them safer and more profitable. International GRC & Operations Consulting Since our establishment in 2001, SET - Citadel Advantage Group has been dedicated to enhancing the safety and profitability of banks and financial institutions worldwide. Consulting and Training Excellence We specialize in guiding our clients through Governance, Risk Management, and Compliance (GRC) with a proven track record in consulting and training. Our focus extends to various core areas, including governance, compliance, operational risk management, payment and treasury systems, and operations/back office management. Professional Courses and Training Explore our wide array of professional courses and training programs that set us apart. As banking operations specialists, we provide a unique perspective derived f...

Amid the fervor to leverage the potential of AI, numerous financial institutions are overlooking the nuanced aspects of various AI types. Consequently, they are neglecting the formulation of comprehensive, enduring strategies. A recent report from BCG presents a framework designed to cultivate the potential of AI while simultaneously addressing and minimizing associated risks. Read the full story HERE .

In a world of immediate payment options like Venmo and Zelle, most U.S. banks are still using the same payment-processing technology they installed in the 1980s. Consumers have come to embrace real-time payments, looking increasingly to digital-first nonbank financial players for increased speed and convenience. It has created a landscape where many legacy banks are lagging behind both their customers’ expectations and their competitors’ capabilities. To explore how legacy banks can get up to speed on real-time services, PaymentsJournal sat down with John Brady, Chief Architect and Head of Engineering at BillGo, as well as Elisa Tavilla, Director of Debit Payments at Javelin Strategy & Research. Listen to this PODCAST HERE .