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Archive for: January, 2007

Paul Penrose - Finextra - London | 31/01/2007 | 3096 views

ING boss gets personal online

Let’s face it – business videos and podcasts on the Web are a real turn-off. The medium itself has plenty of potential – and at Finextra we’ll be looking to produce more audio/video content over the coming months – but the application of the technology in the business space is all wrong. How many times have you tuned ... Tags: Online banking, Retail bankingGroup: Video extravaganza

Paul Penrose - Finextra - London | 31/01/2007 | 2974 views

No change for interchange

Red faces at the Polish Competition Authority after the European Commission backed down on threats to outlaw credit card interchange fees on retail transactions. (EC abandons retailers and backs down on interchange fees). The Commission – sensibly enough – has decided to stay its hand on interchange in the absence of any obvious altern... Tags: Cards, Retail bankingGroup: EBAday

Paul Penrose - Finextra - London | 30/01/2007 | 2481 views

Investors goggle-eyed at Frankfurt exchange

News from the front-line of the electronic trading revolution: Deutsche Börse is to spend EUR4 billion on refurbishing its trading floor! The Frankfurt-based exchange is one of only two bourses in Europe to retain a physical trading floor, even though 97% of the deal volume on Germany's benchmark DAX Index goes through the electronic plat... Tags: Trade execution, Wholesale banking

Paul Penrose - Finextra - London | 29/01/2007 | 4072 views

Citi to bring Egg back to the boil

Muted cheers across the City after UK insurer Prudential eventually offloaded its loss-making Internet banking operation Egg to Citigroup for £575 million (Prudential sells Egg to Citigroup). The price, at twice book value, is not bad (UK banks typically sell at 1.5 times book value), but it’s a far cry from the £1.1 billion price... Tags: Online banking, Retail bankingGroup: Finextra50 fintech index

Paul Penrose - Finextra - London | 29/01/2007 | 2914 views

Microsoft micropayments

Further to my recent musings on Microsoft Points (The Virtual Bank of Microsoft), Dow Jones reports on CNN that Microsoft boss Bill Gates has been looking into the possibility of developing an online payment system that will be cheaper than credit card transactions, making it possible for companies to charge small fees for Web-based content and ser... Tags: Payments, Retail bankingGroup: Trends in Financial Services