Latest opinions that Paul Penrose has shared on Finextra

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Paul Penrose

Head of Research

Finextra

Member since

06 Oct 2006

Location

London

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Paul's opinions

Any fool can be a money mule

The Netherlands Bankers Association have launched their own inimitable viral-style Web campaign to alert people to the dangers of easy-money mule recruitment tactics (hat-tip to Linkdump). Although the campaign is only available in Dutch, the approach is bizarre enough to hold your attention. Somehow, I can't see the buttoned-up UK banks producin...

26 September 2008 /security /retail Video extravaganza

Wall Street is history

Wall Street is history. Official. The news from New York that Wall Street's last two investment banks Morgan Stanley and Goldman Sachs are to convert into tightly regulated bank holding companies marks the end of an era for the capitalist economic system. The investment banking model that for decades has powered a global boom in leveraged finance,...

22 September 2008 /retail /wholesale Trends in Financial Services

Swift's new logo shock

In protest at this 21st century corporate mania for re-branding I suggest we go back to the original source material (as legend has it) and give Swift a distinctively groovy, retro feel.

11 September 2008 /payments /wholesale Finextra@Sibos

Sibos jetsetters go carbon neutral

Payments professionals jetting off to the Sibos international banking show in Austria next week can offset some of their planet-warming carbon emmissions by taking part in a simple online survey on Finextra - and get a chance to win a top-of-the-range mountain bike to boot. The green e-invoicing quiz is part of Finextra's SibosOnline Green Zone ...

10 September 2008 /payments /wholesale Finextra@Sibos

The contactless wristband

Antony Jenkins, CEO of Barclaycard says contactless chips have huge untapped capability, but the plastic around the chip limits its potential. "Take the plastic away and the possibilities are endless, allowing the customer to pay by using something that they are already carrying, be it a mobile, key fob or even via biometrics," he says. F...

09 September 2008 /payments Futuristic Banking

Bad timing at the LSE

Chi-X chief Peter Randall must be having a field day. Just three weeks ago he warned that the LSE's decision to lower its pricing in advance of plans to upgrade capacity on its shiny new TradElect platform was an accident waiting to happen. Of course, it may be just coincidence that the LSE systems fell over as traders scrambled to cover their posi...

08 September 2008 Finexpo

Cisco's giant phone

This is impressive technology. You can see it in action on this Cisco promo vid on You Tube. And no. I'm not on a retainer.

05 September 2008 /retail /wholesale Video extravaganza

How to slow down Faster Payments

In a last-ditch effort to avoid incurring another exorbitant penalty fee at my bank for (once again) overstepping my overdraft limits I authorised a transfer from my Internet-based savings account with Egg to my current account. Problem solved? Er, no. it seems that the payment will take three working days to clear, (ie five days if you count the ...

05 September 2008 /payments /retail

Ibos and Swift at loggerheads over Alliance Lite

Swift chairman Yawar Shah opened an unexpected can of worms when he approached shareholders for feedback on how the bank-owned co-operative could add more value to its members. Obligingly, Ibos MD Bob Lyddon has responded with a long list of complaints about Swift’s new Alliance Lite interface, which is being showcased at Sibos as a cheap and che

04 September 2008 /payments /wholesale Finextra@Sibos

Zealous penetrates new markets

Adult Entertainment Capital claims it will be the first BDC ever to focus purely on the "Adult Industry" which has been largely shut out by Wall Street firms. The company expects to announce more than 6 new portfolio investments before the end of September, ranging from credit card processing for the "Adult Business" to real est...

02 September 2008 /wholesale Whatever...