Research Profile

James B McCarthy

Biography

Research and innovation development expert located in the FSIC (Financial Services Innovation Centre) in UCC as well as being a member of the Consumer Advisory Group of the Central Bank of Ireland. The FSIC research centre is part of the Department of Accounting, Finance and Information Systems with the Cork University Business School (CUBS).  JB is focused on stimulating industry/academic research engagements as well as research funded by the EU Horizon2020 programme and other national and international funding agencies. Developing relationships and engaging in innovative research and/or development projects with companies anywhere in the Financial Services value chain has been the hallmark of the FSIC since its inception.

JB is also engaged with Executive Education programme development tailored to the fast moving digital economy. He is also presently supporting the internationalisation effort of the Cork University Business School (CUBS) by extending the network of agents for student recruitment as well as linkages to relevant business and university partners in the Middle East. 

In addition, JB is an accomplished IT executive with multiple years of experience in a North American Corporate HQ environment as well as managing complex projects across several disciplines and geographies (EMEA, ASIA and South America). Responsible for infrastructure, telecoms, application development, data warehouse, business intelligence and IT portfolio projects. Managed all international IT for Fortune 500 company which included large scale shared service projects to support Finance, CS, Marketing, Manufacturing as well as being IT Integration lead for M&A project.


Specialties: Research interests include (i) governance, risk and compliance in financial services (ii) electronic, mobile and large scale payment systems (iii) service based business and industries (iv) innovation in financial services (v) outsourcing in financial services (vi) AML, KYC and automation in the funds industry (vii) workflow automation in financial services (viii) queuing solutions in retail banking and other retail industries (ix) channel strategies for financial service companies (x) engaged scholarship

Research Interests

Research interests include (i) governance, risk and compliance in financial services (ii) electronic, mobile and large scale payment systems (iii) service based business and industries (iv) innovation in financial services (v) outsourcing in financial services (vi) AML, KYC and automation in the funds and other industries (vii) workflow automation in financial services (viii) queuing solutions in retail banking and other retail industries (ix) channel strategies for financial service companies (x) Big Data, Open Data, BI, DSS, EIS (xi) FuturICT FET Flagship project www.futurict.eu www.futurict.ie (x) engaged scholarship


Research Grants

 ProjectFunding
Body
Start DateEnd DateAward
Financial Regulator The Nature & Scope of the market for Immigrants Remittances from Ireland, includinding mechanisms, providers...Financial Regulator26-MAY-0831-DEC-11€26,564.00
EI"FP-2015-2110 Travel Support"JB McCarthyEnterprise Irl03-JUL-1502-JAN-16€1,287.00
A campaign to raise the power of ERC as a popular brand that means "cool science" - broadening its support in science, policy and the economy across all EU member-states.Horizon 202001-OCT-1531-MAR-19€28,500.00
Undertake a Business Model Canvas workshop and to explore the drivers behind the rate and pace of business evolution in Irish based Financial Institutions.Enterprise Irl01-JAN-1430-APR-14€11,500.00
Travel SupportEnterprise Irl02-OCT-1401-APR-15€1,200.00
EI - Service Software Engineering for Innovative Global Infrastructure for Financial ServicesEnterprise Irl21-MAY-0903-NOV-09€22,355.00
Compare and contrast the benefits and efectiveness of the existing Mirrio product offering with existing and emerging technologies such as EMC, Symantec, Iron Mountain, EDS, Carbonite and others.Enterprise Irl25-JAN-1024-APR-10€6,500.00
A working prototype of some elements of the service delivery solution together with a documented review of the kep components of the solution.Enterprise Irl01-JUN-1031-OCT-10€13,000.00
EI FP/2010/710 Travel SupportEnterprise Irl12-JUL-1002-DEC-10€2,319.00
Explore innovative ways to accelerate the introduction of payment services.Enterprise Irl15-OCT-1015-DEC-10€5,000.00
Workplace 2020Industry21-JAN-1130-JUN-13€47,600.00
EI IV-2011-1206Enterprise Irl01-MAY-1114-NOV-11€5,000.00
The FuturICT Knowledte Accelerator - creating Socially Interactive Information Technologies for a Sustainable FutureEuropean Union01-MAY-1130-APR-12€154,722.00
To identify and illustrate underlying business modelas and technical approaches to achieving their mission.Enterprise Irl15-JUL-1115-SEP-11€5,000.00
Development of an application to audit and report on commercial banking charges for business customers.Enterprise Irl01-AUG-1131-JAN-13€6,500.00
Explore new business and service models and improved GTM concepts.Enterprise Irl07-NOV-1106-MAR-13€6,500.00
Review existing and future remote device management tools and software. Explore the highest impact software or services that could be developed to deploy solutions.Enterprise Irl18-JUN-1221-MAY-13€6,500.00
Explore the emergence of new business/service models that are being delivered via mobile devices.Enterprise Irl18-JUN-1231-DEC-15€6,500.00

Publications

Peer Reviewed Journals

 YearPublication
(2012)'Developing a Framework for Mobile Payments Integration'
Carton, F., Hedman, J., Dennehy, D., Damsgaard, J., Tan, K.T. and McCarthy, J.B. (2012) 'Developing a Framework for Mobile Payments Integration'. Electronic Journal of Information Systems Evaluation, 15 (1):14-25   [CORA Link] [Details]
(2012)'FuturICT: Participatory computing to understand and manage our complex world in a more sustainable and resilient way'
Helbing, Dirk; Bishop, Steven; Conte, Rosaria; Lukowicz, Paul; McCarthy, J.B. (2012) 'FuturICT: Participatory computing to understand and manage our complex world in a more sustainable and resilient way'. European Physical Journal-Special Topics, 214 :11-39   [Details]
(2012)'Big Science and Big Administration Confronting The Governance, Financial And Legal Challenges Of FuturICT'
J. Smart, M. Scott, J.B. McCarthy, K.T. Tan, P. Argyrakis, S. Bishop, R. Conte, S. Havlin, M. San Miguel, D. Stauffacher (2012) 'Big Science and Big Administration Confronting The Governance, Financial And Legal Challenges Of FuturICT'. The European Physical Journal Special Topics, 214 (1):635-666   [DOI] [Details]
(2013)'The use of E-Payment in the distribution of social welfare in Ireland: Charting the daily experience of recipients'
Csáki, C; O'Brien, L; Giller, JB; McCarthy, J; Tan, K; Adam, F (2013) 'The use of E-Payment in the distribution of social welfare in Ireland: Charting the daily experience of recipients'. Transforming Government: People, Process and Policy, 7 (1):6-26   [Details]

Conference Publications

 YearPublication
(2009)Proceedings of ECIME 2009
O'Donoghue, John and McCarthy, J. B. and Sheng, Huang and Adam, Frederic; (2009) Evaluating the Integration of Leading Edge Pervasive Technologies to Improve Service-Based Performance Proceedings of ECIME 2009 , pp.363-370   [Details]
(2011)Transformational Government Workshop 2011 (tGOV11)
O'Brien, L., Giller, K., Tan, K-T., McCarthy, J.B., Csáki, C., and Adam , F. ; (2011) Conflicting Expectations in Transforming Government Service Processes: The Story of E-Payment for Social Welfare in Ireland . In: Ghoneim, A., Weerakkody, V. and Kamal, M eds. Transformational Government Workshop 2011 (tGOV11) Brunel University, West London, , 17-MAR-11 - 18-MAR-11 , pp.CD-Paper 18   [DOI] [CORA Link] [Details]
(2012)Transforming Government Workshop tGov2012
Csáki, C., O'Brien, L., Giller, K., Tan, K-T., McCarthy, JB, and Adam , F. (2012) Cash or Non-Cash: That is The Question – The Story of E-Payment for Social Welfare in Ireland Part 2 . In: Kamal, M.M eds. Transforming Government Workshop tGov2012 Brunel University, West London, UK, , 08-MAY-12 - 09-MAY-12   [CORA Link] [Details]

Book Chapters

 YearPublication
(2010)'Virtual and Augmented Reality in Finance: State Visibility of Events and Risk'
Maad, Soha;Garbaya, Samir; McCarthy, JB; Beynon, Meurig; Bouakaz, Saida; Nagarajan, Rajagopal (2010) 'Virtual and Augmented Reality in Finance: State Visibility of Events and Risk' In: Augmented Reality. Open Access Publisher: InTech. [Details]

Published Reports

 YearPublication
(2016)Study on the role of digitalisation and innovation in creating a true single market for retail financial services and insurance.
Sylvain Bouyon, Willem Pieter De Groen, Felice Simonelli, Andrea Renda, Karel Lannoo, Mattia Di Salvo, Cosmina Amariei, Marko Torkkeli , Dieter De Smet , JB McCarthy , Frederic Adam, Fergal Carton, Ciara Fitzgerald, Stephen McCarthy, Kay-Ti Tan, Jeremy Hayes, Celine McInerney (2016) Study on the role of digitalisation and innovation in creating a true single market for retail financial services and insurance. European Commission, Brussels.   [Details]

Unpublished Reports

 YearPublication
(2010)Standards: Classification, Development and Economic Benefits.
Laura Lynch, Kieran Giller, Kay-Ti Tan (2010) Standards: Classification, Development and Economic Benefits. Unpublished Reports [Details]
(2009)The Nature & Scope of the Market for Immigrants Remittances from Ireland, including Mechanisms, Providers, Risks & Costs.
JB McCarthy, Dr John O'Donoghue (2009) The Nature & Scope of the Market for Immigrants Remittances from Ireland, including Mechanisms, Providers, Risks & Costs. Unpublished Reports [Details]
(2009)Analysis of Innovative Mobile Payment Ecosystems.
Kieran Giller, Kay-Ti Tan, Laura Lynch, JB McCarthy (2009) Analysis of Innovative Mobile Payment Ecosystems. Unpublished Reports [Details]
(2008)Industry Analysis of Two-Factor Authentication Solutions.
Laura Lynch, Kieran Giller, Kay-Ti Tan, JB McCarthy (2008) Industry Analysis of Two-Factor Authentication Solutions. Unpublished Reports [Details]

Research Report

 YearPublication
(2017)The Future of Retail Financial Services. What policy mix for a balanced digital transformation?.
Various - Report of a CEPS-ECRI Task Force (2017) The Future of Retail Financial Services. What policy mix for a balanced digital transformation?. Research Report   [Details]
(2010)Independent Evaluation of the Financial Services Consultative Consumer Panel of the Financial Regulator.
Leona O'Brien (2010) Independent Evaluation of the Financial Services Consultative Consumer Panel of the Financial Regulator. Research Report   [Details]
(2014)Bank of Ireland Technology Sector Insights 2014.
Professor Frederic Adam, JB McCarthy, Kay-Ti Tan (2014) Bank of Ireland Technology Sector Insights 2014. Issued 15 September, 2014. Bank of Ireland today announced details of a survey conducted on the ind: Research Report   [Details]

Professional Activities

Conference Contributions

 YearPublication
(2012)ECIME 2012 6th European Conference on Information Management and Evaluation,
Helbing, D; Bishop, S; McCarthy, J (2012) ECIME 2012. [Plenary Lecture], ECIME 2012 6th European Conference on Information Management and Evaluation, UCC , 13-SEP-12 - 14-SEP-12. [Details]
(2010)Payments in a Mobile World,
Glenbrook Parners, Fergal Carton and JB McCarthy (2010) Payments workshop for academics and practitioners. [Conference Organising Committee Chairperson], Payments in a Mobile World, Dublin , 17-NOV-10 - 18-NOV-10. [Details]

Employment

 EmployerPositionFrom / To
EMC Senior Director IT09-JAN-89 / 30-JUN-06

Education

 YearInstitutionQualificationSubject
2005Northeastern University MBAExecutive MBA
1990APICS CertificateCPIM - Certified in Production and Inventory Management
1987UCC BSC COMPUTER SCIENCEComputer Science and Maths
1989IMI DIPLOMAMIS

Other Activities

 Description

Presenter and Session Chair for Mobile Money Asia Conference & Expo - Kuala Lumpur, Malaysia - Jan 2013

Innovation panel member “Innovation and technology in financial services – a regulatory perspective.”
Irish Funds TA event in Citi Dublin Offices
12th April 2018

The Futue of Payments for Irish SMEs - report funded by VISA with foreword by Dr Fergal Carton and JB McCarthy. Panel member at the Galway launch of the report https://www.visa.ie/media/images/297x210_visa_irish_pay_report_p16952_dh11-55-45770.pdf in Nov 2017.

Speaker and Panel Chair at FinCoNet/Central Bank of Ireland International Seminar: Fintech and Financial Consumer Protection – Challenges for Supervisory Authorities, and Open Meeting, held on 7 April 2017 in the Central Bank of Ireland (CBI), Dublin, Ireland

"New data collection processes: risks and opportunities" - Co-presenters Dr Fergal Carton and Mr     JB McCarthy at CEPS - ECRI Taskforce conference "The Future of Retail Financial Services: What policy mix for a balanced digital transformation?" on the 8th November 2016, CEPS, Brussels.


IFS2020 Education and Skills Liaison Forum - Weds 29th June 2016
Moderator for Panel Discussion and Audience Q&A 
"Gender Diversity as a source of competitive advantage for IFS companies"

Presenter and Panel Member at PayExpo Europe 2016, June 7 & 8th 2016 at the Excel, London. Presentation title "Using social platforms to make payments exciting". Panel member: "How far will payments embed in social networks".

Presenter and panel member at the European Technology Summit 2016 
http://www.itcork.ie/event/european-tech-summit-2016/
Presentation title "Fintech - The Myth and the Reality"

Member of the Consumer Advisory Group (CAG) of the Central Bank of Ireland - CBI  (2015 - 2017)

Panel member at the 2nd National Future Bank Summit - THE NEW BANKING ERA held in Carton House, Co. Kildare in May 2015. LOCKNOTE PANEL DISCUSSION: Putting the Customer at the Heart of Digitisation. http://www.futurebank.ie/agenda 

Presenter and panel member at the CEPS ECRI conference titled Consumer Protection in Financial Services: The Challenges of Innovation and Capital Markets Union. Held in Brussels on 12th May 2015. Panel 1. New business models: Innovation, competition and consumer protection – getting the balance right. http://www.ceps.eu/sites/default/files/Agenda%201st%20Annual%20Conference_test2%20(2)%20(1)_0.pdf 

Presenter and panel member at Sunday Business Post Mobile Conference, November 2010, Dublin

Presenter and panel member at the FSI (Financial Services Ireland) Annual Conference, April 2010, Dublin

Outreach Activities

 Description

Judging panel member on the first FinTech20 Ireland panel.

 http://irishtechnews.net/ITN3/are-you-one-of-irelands-top-fintech20-companies-apply-to-be-on-the-first-irish-fintech20-list/

Contact details

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School of Biological, Earth and Environmental Sciences

An Scoil Eolaíochtaí Bitheolaíocha, Domhaneolaíocha agus Comhshaoil

University College Cork, Distillery Fields, North Mall, Cork, Ireland T23 N73K

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