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Gary Wright

Archive for: January, 2009

Gary Wright - BISS Research - London | 30/01/2009 | 3804 views | 1 comment

Redundancy delays growth

It was inevitable that as the world dives into recession and profits disappear into history that the reaction of the majority of companies would be to cut costs and make employees redundant. The cost of redundancy should never be measured by the immediate balance sheet impact but should also take into account, the cost of have to re-employ people t... Tags: Dealing rooms, Trade executionGroup: MiFID

Gary Wright - BISS Research - London | 29/01/2009 | 6157 views | 2 comments

Voice recognition and card security

At this weeks Purchasing Card Forum, Nick Ogden, founder of WorldPay and currently chairman and CEO of Voice Commerce Group presented the use of voice recognition as the next big thing in security. He outlined that so far the methods used for card security have all been found to have fallen short and a straw poll of the audience appeared to justify... Tags: Online banking, PaymentsGroup: MiFID

Gary Wright - BISS Research - London | 28/01/2009 | 3832 views | 1 comment

Tesco's beginning to look bank like

I have written on the topic of high street stores entering banking before but it's now looking certain that Tesco will be the first to go the whole hog. The Chief Executive Sir Terry Leahy appears to be on a mission to utilise the many assets of Tesco and notably their Clubcard with all its client data, to take advantage of the gaps opening up, as ... Tags: Cards, PaymentsGroup: EBAday

Gary Wright - BISS Research - London | 26/01/2009 | 4059 views

I.T. Boom will follow Crisis

Its normal practice for financial services firms to immediately cut costs and budgets when a financial crisis hits. In my time working in banking I can remember on many occasions when some form of crisis appeared that the first reaction was to freeze expenditure, the next was to cut costs the third was to prioritise and then cut again. The finance ... Tags: Risk & regulation, SibosGroup: MiFID

Gary Wright - BISS Research - London | 21/01/2009 | 3087 views

Breaking up the Banks

Each day we hear of another bank deep in a hole of its own making. The billions and eventually trillions of tax payer's money pitched into banks is taking some time to take effect and get the business moving again. Today it's unclear how much is enough and what the long term ramifications will be. The UK and USA governments are the main protagonist... Tags: Post-trade & ops, Wholesale bankingGroup: EBAday