27 March 2015


Archive for: January, 2007
Paul PenroseFinextra - London

ING boss gets personal online

31 January 2007  |  3424 views  |  0  |  Recommends 0

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 into a Webcast only to tune ...

TagsOnline bankingRetail bankingGroupVideo extravaganza
Paul PenroseFinextra - London

No change for interchange

31 January 2007  |  3276 views  |  0  |  Recommends 0

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 alternative fee-c...

TagsCardsRetail bankingGroupEBAday
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Paul PenroseFinextra - London

Investors goggle-eyed at Frankfurt exchange

30 January 2007  |  2711 views  |  0  |  Recommends 0

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 Eu...

TagsTrade executionWholesale banking
Paul PenroseFinextra - London

Citi to bring Egg back to the boil

29 January 2007  |  4459 views  |  0  |  Recommends 1

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 pric...

TagsOnline bankingRetail bankingGroupFinextra50 fintech index
Paul PenroseFinextra - London

Microsoft micropayments

29 January 2007  |  3709 views  |  0  |  Recommends 0

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...

TagsPaymentsRetail bankingGroupTrends in Financial Services
Paul PenroseFinextra - London

Funny money

26 January 2007  |  2968 views  |  0  |  Recommends 2

Online universe Second Life has been lauded by the serious business press as a glittering land of opportunity, a rapidly-expanding economy where fortunes can be made by game-players buying and selling...

TagsPaymentsRetail banking
Paul PenroseFinextra - London

The virtual Bank of Microsoft

25 January 2007  |  3260 views  |  0  |  Recommends 1

Is Microsoft trying to create its own online currency? It’s an issue worthy of consideration, following the Zune music player release late last year. Consumers wanting to buy and download songs from t...

TagsPaymentsRetail banking
Paul PenroseFinextra - London

Moving the deckchairs at CSFI

23 January 2007  |  3140 views  |  0  |  Recommends 0

So farewell then David Lascelles, the former banking editor of the Financial Times who co-founded respected City think tank The Centre for the Study of Financial Innovation with Andrew Hilton in 1993....

TagsPaymentsRetail banking
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