3822 Results from /retail
Retired Member
The FT has reported that the UK's only residential property stock exchange, the Property Investment Market, has been forced to suspend its business after failing to meet new MiFID regulations. They have failed to gain approval so far from the FSA as a Multilateral Trading Facility or MTF. This news is interesting (using the word in its MiFID sen...
22 November 2007 /retail MiFID
Paul Penrose Head of Research at Finextra
That was the phrase used by the shadow chancellor of the exchequer George Osborne on national radio news this morning in reference to the UK government’s plans to introduce a biometric-based national identity scheme. It follows revelations that the computer discs containing the confidential information - including bank account details - of all 25 ...
21 November 2007 /security /retail
Elton Cane Digital product delivery at News Corp Australia
At last week’s Forum for Innovation in Financial Services, organised by Finextra, we had some excellent presentations from James Gardner at Lloyds TSB and Pol Navarro of Banco Sabadell giving insight into how these particular banks are approaching the challenge of managing a formal innovation programme. The subsequent panel discussion also involve...
15 November 2007 /retail /wholesale Innovation in Financial Services
Citibank has standardised its core banking systems worldwide on the Flexcube product from i-flex. The implementation of the product at Citi's markets and banking divisions in 67 countries is the culmination of seven years of work. Steve Randich, chief information officer, Citi markets & banking, hailed the implementation as "an unparallel...
14 November 2007 /retail /wholesale
Watch out banking eco-warriors, PNC Financial Services in the US has patented the term 'Green Branch', with reference to its network of 40 environmentally-friendly bank branches across six states. The Pittsburgh-based bank claims to have more certified, environmentally-friendly buildings than any other company on earth. "Consumers want to do ...
13 November 2007 /retail Going green
Fame at last for one-time fintech journo Paul Murphy, following a brief cameo appearance as 'idiot guy at Alphaville' in the Martin Luke’s column in today’s FT. Old lags will remember Paul as the dishevelled Columbo-styled investigative reporter who covered the fintech beat for the Banker back in the late 1980s. He was also the man behind the scu...
08 November 2007 /retail /wholesale Where are they now?
Panelists in the exchange consolidation session at Finextra’s Fintech M&A event in London on Tuesday were asked to look ten years into the future and hazard a guess at the likely winners in the global exchange race. Lee Olesky, president of Thomson TradeWeb cast his vote in favour of a new entrant – a Google or Facebook for the financial servi...
02 November 2007 /retail /wholesale Finextra50 fintech index
Nick Green Consultant at ISD Consultants
I find it really annoying that using a mobile phone as a token to make a purchase using NFC at point of sale is called "Mobile Payment". By the same yardstick using a contactless card is a mobile payment as it uses similar technology. I don't disagree that a mobile phone will be the "token of choice" for many, myself included, ...
31 October 2007 /payments /retail
Catch this hilarious video of Damian McMeekin, ANZ's global head of security having his identity stolen by ABC TV's Julian Morrow at the annual Combatting Identity Fraud summit in Australia earlier this month. As McMeekin is called to give his presentation a wigged-out Morrow beats him to the lectern and starts lecturing the audience on the peril...
25 October 2007 /security /retail Video extravaganza
McKinsey assessed the IT strategies of ten leading global corporations to understand how they invest in innovation while running their core IT operations efficiently. The consultancy found that they typically define their IT investments across three criteria - as low risk (“stay in the race” projects to improve basic services), medium risk (“win t...
25 October 2007 /retail /wholesale Trends in Financial Services
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