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Archive for: March, 2009

Paul Penrose - Finextra - London | 27/03/2009 | 5305 views

What's the point of Twitter?

So, everyone's a'flutter over Twitter? I wouldn't count on it. Here at Finextra we set up our own Twitter feed last year, just as an experiment. To set the ball rolling, we identified all Community members with a Twitter account and started following them. Over the past couple of months there's been a noticeable drop-off in tweets from individua... Tags: Retail banking, Wholesale bankingGroup: Finance 2.0

Paul Penrose - Finextra - London | 25/03/2009 | 4101 views | 2 comments

Protestors vandalise Sir Fred's house

Public anger at banking excess seems to be boiling over into direct action and mob rule. Following the public hanging of a banking effigy at a rally in Marble Arch and the bus tours of AIG executive mansions organised by US activist groups, the latest person in the firing line is former RBS boss Sir Fred Goodwin. Police in Scotland are calling for... Tags: Retail banking, Wholesale bankingGroup: Whatever...

Paul Penrose - Finextra - London | 20/03/2009 | 4357 views

Sibos sobers up

Sibos will never be the same again. In killing off its Thursday night party, Swift has moved with the prevailing mood music. Lavish, big budget entertainment is off the agenda as the financial services industry adapts to a more austere economic climate. But for many long-time Sibos devotees, the party was as big a draw as the conference agenda. It... Tags: Payments, Wholesale bankingGroup: Finextra@Sibos

Paul Penrose - Finextra - London | 19/03/2009 | 2175 views

PCI compliance through the looking glass

This whole PCI DSS compliance thing is beginning to make my head hurt. Here, Visa chief enterprise risk officer Ellen Richey says: "PCI DSS remains an effective security tool when implemented properly - and remains the best defense against the loss of sensitive data. No compromised entity to date has been found to be in compliance with PCI DSS at ... Tags: Security, Payments

Paul Penrose - Finextra - London | 18/03/2009 | 6105 views

Does Jon Stewart use inside information?

Having mopped the floor with Jim Cramer and CNBC, the Daily Show's Jon Stewart has turned his attention to the practice of short-selling in this typically barbed report from regular correspondent Samantha Bee (AKA the Money Honey Bee). For a comedian, Stewart's done a lascerating job in exposing Wall Street hypocrisy and cant. But is he trading on... Tags: Dealing rooms, Wholesale bankingGroup: Video extravaganza