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French police have arrested six people in their investigation into the high-profile fraud attack on President Sarkozy, but believe they are only minor figures in a wider plot. What's more interesting ...
It's not often that you see a full breakdown of exactly how much money a bank has spent on different projects within its overall IT budget. At least not in the public domain. But at Westpac's earnings...
As banks now more than ever are looking to cut costs wherever they can, it's not surprising that they're still very keen on offshoring despite the political sensitivity of sending jobs abroad. But the...
With corporate social responsibility on the conference agenda at Sibos for the first time, I thought it would be interesting to have a chat with Swift's own CSR manager to talk about the co-operative'...
Further to my recent post -- It's not all doom and gloom for financial technology -- I've been reading a few predictions for IT spending in 2009. Some choose to focus on the positive -- for e.g. sp...
At Swift's pre-Sibos press briefing yesterday the usual group of trade press assembled to hear about Swift's plans for this year's Sibos event in Vienna. Along with the usual talk about "strateg
After news earlier this month that National Australia Bank had recruited Oracle to manage the roll out of the first phase of a A$1 billion overhaul of its core banking operations, it's not surprising ...
Well, if you're Nyfix, the answer is $8.7 million and counting (with a further $2m-$2.5m next quarter). It's hard to tell with just a few minutes of web research whether this represents good value or ...
According to ChinaDaily, as of the end of last year, lenders in China had issued 1.5 billion bank cards, including debit cards, credit cards and quasi-credit cards. Of the huge sum, active cards, whi...
With Sepa opening up choice of clearing infrastructure for banks in the euro-zone, many banks no longer see ownership of their national domestic infrastructures as necessary. Italy's SIA-SSB has appoi...
Japanese business culture is big on individuals stepping up to take responsibility for mistakes that have resulted in their organisation losing face. TSE executives taking a salary cut over the latest...
While banks might be cutting rates for IT contractors - see Navjeet's blog post from last month, and the Barclays announcement yesterday - it seems quite a few vendors are still doing well. For cor...