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Navjeet Khosa - Finextra - London | 18/09/2008 | 4664 views | 1 comment

One of the highlights of Sibos in Boston last year was the breakfast speech given by Nicholas Negroponte, founder and chairman of the One Laptop per Child non-profit association. Swift says Negroponte's presentation last year "triggered a lot of enthusiasm and emotion in the industry" and so the OLPC foundation was invited to set up shop at this y... Tags: Retail bankingGroup: Finextra@Sibos

Navjeet Khosa - Finextra - London | 18/09/2008 | 4213 views

Banking fall out prompts Thomson Reuters hiring freeze

Amid serious concerns that the escalating banking crisis will result in a major loss of sales, Thomson Reuters has instigated a recruitment freeze at its financial markets and technology unit. According to an internal memo seen by the Wall Street Journal the vendor has halted external recruitment for new positions except where the company is shift... Tags: Wholesale bankingGroup: Finextra@Sibos

Navjeet Khosa - Finextra - London | 15/09/2008 | 4312 views | 1 comment

Calls for Swift to tap Web 2.0

In a lively conference session on the opening morning of Sibos 2008, Till Guldimann, vice chairman of SunGard, told delegates that the increasing use of Web 2.0 technology was "a wake up call for Swift".Guldimann put forward a proposal that would see the interbank network use Web 2.0 technologies to fight off the challenge posed by outfits like Pay... Tags: Retail banking, Wholesale bankingGroup: Finextra@Sibos

Navjeet Khosa - Finextra - London | 12/09/2008 | 3541 views

The downside of automated trading

The publishing of an old article about a 2002 bankruptcy-court filing by United Airlines (UAL) on Google news on Monday has highlighted the downside of using automated and algorithmic trading applications to execute orders. It still remains unclear how the six-year old report of UAL's 2002 bankruptcy-court filing appeared on the ‘most viewed... Tags: Dealing rooms, Wholesale banking

Navjeet Khosa - Finextra - London | 02/09/2008 | 3085 views | 1 comment

Bloomberg accidentally releases Steve Jobs obituary

An obituary of Apple chief executive Steve Jobs - who is still alive - hit the Internet last week after someone at Bloomberg hit the wrong button and acccidentally released it to subscribers. It is not unusual for news organisations to prepare obituaries for high-profile figures before they actually die. However the Bloomberg obituary comes four y... Tags: Retail banking, Wholesale banking