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A place to share stuff that isn't at all fintec related but is amusing, absurd or scary.
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Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
Translating part of a Facebook note by Liisa Jaakonsaari (MEP - Finnish Social Democrat): "The crisis in Europe is not because of EU or the Euro. Rather it can be said that EU and the euro are innocent victims. Bad guys are unregulated and irresponsible financial markets. Blaming the banks is becoming a rather worn issue and does not always hi...
08 December 2010 /retail /wholesale
Retired Member
A few thoughts have occurred to me. Financial services firms cutting off a publisher for 'alleged' crimes where no evidence of any crime by the publisher has been presented, let alone were they convicted of any offence. Mastercard and Visa need to question the aptitude their management have for the modern world. Do they think this will end well fo...
08 December 2010
In the late 80s there was a big growth boom in Finland - fuelled ao by ending tax break on profits on selling enterprises and strong credit expansion when the savings banks (inexperienced corporate lenders) were deregulated and started to aggressively push into foreign currency lending. All this new liquidity tried to find safe havens - stock pric...
07 December 2010 /retail /wholesale
No doubt at this end of town the banking expose to come is on many a mind. It may be larger and more far reaching than anticipated. Anarchy is the description I've heard bandied about by some of the more misguided souls in relation to wikileaks. wikileaks has merely revealed the anarchy (or some of it) that we are all participants in. Ask your fath...
07 December 2010
I was going to comment on Brett King's blog The perfect storm to put an end to CASH and realised that I had more than a comment. Brett makes some good points. There are many statistically compelling arguments to remove cash, however until the providers of vices are willing to accept other forms of payment I see some difficulty. Mobile payments an...
12 November 2010 /payments
Keith Appleyard IT Consultant at available for hire
[I'm surprised I haven't seen anything elsewhere on Finextra on the ACS:Law fiasco] BT has admitted it sent the personal details of more than 500 customers as an unsecured document to legal firm ACS:Law, following a court order. The unsecured Excel documents were sent in late August by a lawyer working for British Telecom, to Andrew Crossley who ru...
30 September 2010 /security /regulation
Elizabeth Lumley Global FinTech Commentator at Girl, Disrupted
Two things popped up at me on Twitter today. One a blog with comments by Alex Payne criticising Twitter, again (you work for banksimple now!) and another bit of street graffiti adorning London's new cycle hire scheme (the Boris bikes), which are sponsored by Barclays. Alex Payne comments about how Twitter used to be free and open and fully staffed...
17 September 2010
Good old FIFA - in accordance with the EU Data Protection Act they should have deleted data pertaining to Ticket Sales from the 2006 World Cup in Germany shortly thereafter - but they didn't. A database containing the personal details of 250,000 football fans that purchased World Cup tickets through official FIFA-sanctioned outlets has been stole
07 September 2010 /security /regulation
The Daily Star reports that Manchester Police lost an Unencrypted & not Password-protected USB memory stick containing top secret anti-terror documents in the street outside their own Police Station. The memory stick contained a "Manual on Guidance of Keeping the Peace", more than 2,000 pages of highly-sensitive and confidential infor...
06 September 2010 /security /regulation
Her Majesty's Revenue & Customs (HMRC) announced last week that 6 million people in the UK will be told they have paid the wrong amount of Income Tax, with other reports saying that 1.4 million will be told they owe an average of £1,400. Othr reports say that more than 10 million people may be in line for a Tax Refund. This wll lead to a fresh ...
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