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Richard Barr

Principal Associate
Citadel Advantage Ltd.
Member since
08 Oct 2007
Location
Shoham
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Followed by John Sims, Martha Boyle and 5 others you follow
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Richard's opinions

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Richard Barr

Imagine a patent on the wheel.

MONEYGRAM ORDERED TO PAY WESTERN UNION $16.5M IN PATENT CASE. Interesting issue - the patent question. Unless Western Union created processes that were truely innovative, how can you get a patent for what is essentially a common business practice? That's just a little less absurd thant getting a patent on the wheel. I question the innovation behi...

27 September 2009 /payments

Richard Barr

Moving beyond the economic swamp

I find it ever so fascinating to scan the economic news each morning. Doing so reminds me that old curse "May you live in interesting times". As almost anyone will tell you, our world market situation is certainly interesting. What it is not, is enjoyable. Our goal as a civilization, and my goal as an individual professional in this mark...

22 April 2009 /retail

Richard Barr

Lehman Bros. didn't fail?

What? Shouldn't the association with a major failure in the financial markets be enough to disqualify Xavier Rolet as the cheif of the world's leading exchanges? I could be mistaken but I don't think that failure should be rewarded. Any key executive of a failed investment firm should not be in a position that has sway over such a large component ...

09 February 2009 /regulation

Richard Barr

Another 3 letter acronym we should all know - GRC

Late last week I was at a 1-day conference on "GRC" in I.T. For the uninitiated; Governance, Risk , and Compliance or "GRC" is a term that reflects a new way in which organizations adopt an integrated approach to these three interrelated areas. However, GRCis often positioned as a single business activity, when in fact, it in...

01 February 2009

Richard Barr

When does STP cost more than it saves?

We hardly ever question the benefits of STP. And for the most part, STP is really a smart move. It saves on errors, manpower, time and increases profits. What's there not to like about it? Well, you already know that's a trick question on my part because I'm going to answer it myself. STP can become a liability rather than an asset when we become t...

26 January 2009 /payments /retail

Richard writes about

  • payments
  • regulation & compliance
  • retail banking

Richard's opinion archive

  • 2009 (5)
  • 2008 (6)

Latest groups joined by Richard

  • Operational Risk Management

  • After hours

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