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Archive for: August, 2008

Elton Cane - Independent - Brisbane | 20/08/2008 | 5757 views

Conflicting views on software and IT services spend

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. spending on risk management systems is growing. While others look at the state of software and IT services more broadly, and are much more pessimistic.UK s... Tags: Retail banking, Wholesale bankingGroup: Finextra50 fintech index

Elton Cane - Independent - Brisbane | 20/08/2008 | 3190 views

Swift: New numbers and update on initiatives

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 "strategy" and "community", a few figures stood out: Over 6,300 people are registered so far for this year's Sibos, with 18% from the UK and 12% from the ... Tags: Payments, Sibos

Elton Cane - Independent - Brisbane | 14/08/2008 | 3749 views

More details on NAB core banking replacement

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 that I-flex, majority owned by Oracle, will be providing the new core banking system. However, The Economic Times in India reported some more detail ... Tags: Retail banking, Wholesale bankingGroup: Asia Financial Services.

Elton Cane - Independent - Brisbane | 12/08/2008 | 3782 views

How much does it cost to build a pan-European dark pool?

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 not, compared with its peers. But considering that Euro Millenium supposedly leverages technology already employed by the Nyfix Millennium alternative... Tags: Dealing rooms, Trade executionGroup: MiFID

Elton Cane - Independent - Brisbane | 08/08/2008 | 3455 views | 2 comments

Plenty of cards in China - but very few being used

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, which were used at least once every month, were only about 80 million, less than 10 percent of the total. These figures come from China UnionPay, the nat... Tags: Payments, Retail bankingGroup: Asia Financial Services.