24 October 2017

Elton Cane

Archive for: 2008
Elton Canewriter & tech geek - Brisbane

World Bank bans Satyam for 8 years over lax ethics, security

23 December 2008  |  7332 views  |  0 comments | recommendations Recommends 0

Fox News has been dogged in its pursuit of scandals going on at the World Bank, including the hacking cases we wrote about in October. To add to Satyam's recent woes, they have now confirmed that Satyam has been banned from working for the World Bank for eight years, starting from September. Apparently the punishment has been meted out for paying ...

TagsSecurityWholesale bankingGroupInformation Security
Elton Canewriter & tech geek - Brisbane

Post-mortem of a market closure: When the chips are down

19 December 2008  |  3913 views  |  0 comments | recommendations Recommends 0

Quite often when an exchange has to close due to technical problems, the detail of what exactly happened is kept hushed up (e.g. LSE TradElect glitch in September). But TMX CEO Thomas Kloet has been quite candid with The Globe and Mail about what went wrong with their data feeds this week. Apparently the cause was a firmware problem on the feed se...

TagsTrade execution
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Elton Cane
Elton Canewriter & tech geek - Brisbane

People still trust the financial services industry

17 December 2008  |  3353 views  |  0 comments | recommendations Recommends 0

Well, at least they do in the US when it comes to protection of personal data. Despite frequent stories about data being handled irresponsibly in the industry, six of the top 20 firms in the Ponemon I...

TagsSecurityGroupInformation Security
Elton Cane
Elton Canewriter & tech geek - Brisbane

Linking investment bank remuneration to risk assumption.

12 December 2008  |  4636 views  |  1 comments | recommendations Recommends 0

Earlier this week The Guardian had an interesting piece on the bonus culture at investment banks. The Financial Services Authority has written to the chief executives of major firms to urge them to r...

TagsRisk & regulationWholesale bankingGroupInnovation in Financial Services
Elton Cane
Elton Canewriter & tech geek - Brisbane

Vendor risk: The tables have turned

10 December 2008  |  10066 views  |  0 comments | recommendations Recommends 1

I was speaking to a software vendor last night who recently had a big project go live at one of the UK's largest banks. When the project was first signed, the vendor was quite a small company (though ...

TagsPaymentsGroupFinextra50 fintech index
Elton Cane
Elton Canewriter & tech geek - Brisbane

MiFID created no extra demand for IT or services

28 November 2008  |  5723 views  |  0 comments | recommendations Recommends 0

At least that's the view of Knowledge Technology Solutions (KTS) CEO Andrew Miller. KTS is soon to adopt the brand of its Sep. '07 acquisition, Arcontech, after closing its original market terminal su...

TagsTrade executionWholesale bankingGroupMiFID
Elton Cane
Elton Canewriter & tech geek - Brisbane

Will government backers stifle innovation?

19 November 2008  |  2852 views  |  0 comments | recommendations Recommends 0

Will state involvement in bank ownership stifle innovation at those groups that have taken bail-out money? As banks step back from serving the low end of the economy, which is perceived as too risky, ...

TagsRetail bankingWholesale bankingGroupInnovation in Financial Services
Elton Cane
Elton Canewriter & tech geek - Brisbane

Invent your own currency

19 November 2008  |  2883 views  |  0 comments | recommendations Recommends 0

What do you do when the bills are piling up, but you're a bit short of the government sanctioned fiat currency? Well you could try paying your bills in a more creative manner - as a man in Australia ...

TagsRetail banking
Elton Cane
Elton Canewriter & tech geek - Brisbane

Swiftcommunity infiltrated by fraudster

13 November 2008  |  3341 views  |  3 comments | recommendations Recommends 1

One hopes that vetting procedures for accessing Swift's secure SwiftNet network are much stricter than those for its online community forums at swiftcommunity.net. It seems that a Nigerian 419 fraudst...

TagsSecurityRisk & regulationGroupInformation Security
Elton Cane
Elton Canewriter & tech geek - Brisbane

Lack of integration to hit Citi profitability

11 November 2008  |  2252 views  |  1 comments | recommendations Recommends 0

That's what bearish Oppenheimer analyst Meredith Whitney told Reuters at the the Reuters Global Finance Summit yesterday. In her view, the bank is unlikey to be profitable for several years. Its stra...

TagsRetail bankingWholesale banking
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