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Social media: More than just a passing fad say bankers

/Social media

Social media: More than just a passing fad say bankers

Finextra's international series of social media events kicked off at Thomson Reuters' London headquarters today, with participants from the financial services industry chewing over the opportunities and pitfalls presented by the likes of Twitter, Facebook and LinkedIn.

BMO taps Twitter for customer competition

/Social media

BMO taps Twitter for customer competition

Bank of Montreal (BMO) is tapping Twitter for its latest marketing ploy, asking customers to tweet their shopping and saving tips for the chance to win $1000.

Twitter analysis boosts trading results

/Social media

Twitter analysis boosts trading results

Twitter is being used by German economists for a Web site that predicts stock price trends, after an academic study found the micro-blogging site a prescient tool.

Big banks line up in support of social media

/Social media

Big banks line up in support of social media

Tickets are selling fast for the first in Finextra's international series of social media events, which is set to take place in London's Canary Wharf next week.

1 April: Thumb insurance for Twitter addicts and NFC chip implants

/Social media

1 April: Thumb insurance for Twitter addicts and NFC chip implants

Here at Finextra we have far too much respect for the intelligence of our readers to try and trick them with April Fools Day hoaxes. Fortunately, plenty of others are less concerned so here's a round-up of some our favourites.

Amex unveils digital payments platform

/Social media

Amex unveils digital payments platform

American Express has unveiled a digital payment and commerce platform that lets users buy goods and make person-to-person transfers online and through mobile phones.

Indian securities watchdog imposes Web rules

/Social media

Indian securities watchdog imposes Web rules

The Securities and Exchange Board of India (SEBI) is calling on intermediary firms to toughen up their controls governing employee use of blogs, chat forums and instant messaging sites.

Aussie traders turning to social media - survey

/Social media

Aussie traders turning to social media - survey

Australian retail traders are turning to social media resources such as Twitter and Facebook to help them make investment decisions, according to a survey from CMC Markets.

Facebook creates payments unit

/Social media

Facebook creates payments unit

Social networking giant Facebook has set up a payments subsidiary, registering it in various US states.

VeriFone taps Facebook to bash Square

/Social media

VeriFone taps Facebook to bash Square

Payments vendor VeriFone has stepped up its assault on Square, using Facebook ads to bash its rival's security measures and encourage users to switch.

New York Fed economists start blogging

/Social media

New York Fed economists start blogging

Economists at the Federal Reserve Bank of New York have set up a blog in a bid to better communicate with the public.

Cognito urges business to listen, explore and engage

/Social media

Cognito urges business to listen, explore and engage

Cognito's Stuart Macaulay talks with Finextra about the impact of social media on the financial services and the communication industry prior to Social Media Days.

UK spends more time on social media than any other online activity

/Social media

UK spends more time on social media than any other online activity

Social media has overtaken entertainment as the biggest single activity online in the UK, new figures have revealed.

E*Trade unveils online investment community

/Social media

E*Trade unveils online investment community

Online brokerage E*Trade has launched a social networking platform that helps investors connect with each other, share ideas and discuss strategies.

Zopa sees surge in demand as banks fail to meet consumer interests

/Social media

Zopa sees surge in demand as banks fail to meet consumer interests

UK peer-to-peer lender Zopa is reporting a surge in consumer interest as traditional banks continue to tighten credit lines and milk the spreads on interest-bearing loans.

American Express to offer merchant discounts via Foursquare

/Social media

American Express to offer merchant discounts via Foursquare

American Express is expanding its involvement with location-based mobile outfit Foursquare to offer discounts to cardholders who check in at participating retail stores.

FPL launches FIXwiki

/Social media

FPL launches FIXwiki

FIX Protocol Ltd (FPL) has launched FIXwiki, an interactive Web tool to help the trading community share knowledge and information about the front office protocol.

JPMorgan poised to take big stake in Twitter

/Social media

JPMorgan poised to take big stake in Twitter

JPMorgan is in talks to buy a 10% stake in Twitter that could value the popular micro-blogging Web service at $4.5 billion.

Finextra launches Social Media Days

/Social media

Finextra launches Social Media Days

Finextra is partnering with Thomson Reuters to launch Social Media Days, an important new series of one-day events exploring the growing use of social media and Web 2.0 technologies in the financial services sector.

SEC scrutinises social media; Finra to re-examine guidance

/Social media

SEC scrutinises social media; Finra to re-examine guidance

The Securities and Exchange Commission (SEC) has begun scrutinising how investment advisers use Twitter, Facebook and other social media tools.

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