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In one of the more witless examples of PR buffoonery ever witnessed at Finextra Towers (and that's saying something), Visa and ANZ have been moved to quell reports that their recent trial of Device F...
Just stumbled across this jaw-dropping anecdote from a NY Times article on the May 6 Flash crash: The founder of Tradebot, in Kansas City, Mo., told students in 2008 that his firm typically held stoc...
The eagle-eyed among you may have noticed that Finextra's sporting a proud new logo. That's right. we're celebrating our tenth birthday later this year and we thought we'd mark the occasion by commiss...
Good news for all you news junkies out there. Finextra has introduced a new 'Best of the Web' news feed to sit alongside our regular output of breaking stories from the world of fintech. Much like our...
How do you define innovation in finance? Are we talking about the creation of new synthetic debt instruments, famously decried by Warren Buffet as "financial weapons of mass destruction". Or...
Lots of chatter in social media circles yesterday about this report on the New Comm Biz blog cocerning a financial services employee who was allegedly forced to remove his LinkedIn profile in respons...
The Tokyo Stock Exchange has spent $140 million on the development of arrowhead, a new 'super-fast' trading platform that processes trades in five milliseconds, approximately 600 times faster than its...
We hear from no less a source than a Bloomberg news columnist that the higher-ups at Goldman Sachs are loading up on pistol permits for fear of a popular uprising against God's own bankers. Now, the ...
Bank of America has announced the launch of the Credit Card Clarity Commitment(TM), a one-page summary of customers' rates, fees, and payment information. "Bank of America is investing more in ou...
Credit to Reuters' blogger Felix Salmon for picking this one up from the Post Secrets blog. The secret story of Thomson Reuters new logo, as told by a disaffected design team member:
Praise be! The FT has resurrected Martin Lukes, the deluded and corrupt former chief of fictional company a-b global, who disappeared from view some years back after being convicted of insider trading...
This comes direct from a PayPal press release, announcing that more than a dozen developers have created a new generation of applications built with the PayPal X global payments platform. Here's a sa...