Finance 2.0

A community for discussing the application of Web 2.0 technologies to financial services.

Brett King CEO & Founder at Moven

Retail Bankers - Wake up to the 21st Century!

James Gardner did a great post on his blog today that got me thinking. Why is it so hard to get Mobile banking and social media on the minds of the top bankers today? The iPad has sold over 1 million units in just over 1 month since its release, but this pales in comparison to the iPhone which has exceeded 100 million total units, with sales gl

11 May 2010 /retail

Brett King CEO & Founder at Moven

Forget more regulation, social media will force transparency

As President Obama was gearing up last month to push further reforms for the finance sector through congress, the sector lobbyists were also gearing up for a battle of PR wits to try to prevent changes that threaten the status quo. Senior industry players like Jamie Dimon were extremely vocal in challenging the president’s push for greater regul...

10 May 2010 /regulation

Paul Blank e-Trading Solutions at TradAir

Top Global FX banks losing market share to regional players

EuroMoney has just released the results of the 2010 FX Survey (sorry it’s subscription based). 2010 FX Share Top 10 ranking (2009) 1. Deutsche Bank (1) 2. UBS (2) 3. Barclays Capital (3) 4. Citi (5) 5. RBS (4) 6. JPMorgan (6) 7. HSBC (7) 8. Credit Suisse (9) 9. Goldman Sachs (8) 10. Morgan Stanley (11) The top 10 has almost remained the same, wit...

06 May 2010

Paul Blank e-Trading Solutions at TradAir

Try not to choke your customers trading GUI

An interesting comment in today’s FX Week, touches on the real-world challenges banks face when designing a new single bank platform. Banks want to deliver a really great trading application to clients. One that combines the very best the bank has to offer in terms of timely pre-trade decision support tools such as research, streaming video, analy...

27 April 2010

Paul Blank e-Trading Solutions at TradAir

Why banks are Internalising FX flows

What’s so great about internalising FX flows? In a recent article called separating the men from the boys in global FX I touched on internalisation of FX flow. I’ve had a lot of feedback on this, and I think it’s worth looking in more detail at why this is so important to banks that are building an eFX business. By internalising flows, banks see

13 April 2010

Retired Member 

iPad - Thinking of financial apps

As iPad was released, a lots of developers already started up their engines to create thousands or even millions of different apps, so the financial ones will be there too. The good thing about the iPad that on the first run, we do not know for what we can use it. The developers themselves are exhaustively thinking about it, to find a good idea an...

07 April 2010 /retail

Retired Member 

Mobile banking technology challenge: Apps are coming up

I stated in my blogpost in October, 2008 : HTML (browser based) won the technology challenge for mobile banking. It seems to be true for the majority (65%) of the mobile banking users in the US, according to eMarketer study, this February. However we can see that the big phone manufacturers are just launching their copy of Apple AppStore: Blackber...

11 March 2010 /retail

Paul Blank e-Trading Solutions at TradAir

Separating the men from the boys in global FX

It’s interesting to see recent blog comment regarding Morgan Stanley’s new Matrix platform, and what else is needed (in terms of full range of products) to enable them become a top five global FX house. In my opinion, it’s naïve to assume that a shiny new User Experience (UX) and a more complete product set is what separates the men from the boys ...

09 March 2010

Paul Penrose Head of Research at Finextra

The ATM was the last great financial innovation

How do you define innovation in finance? Are we talking about the creation of new synthetic debt instruments, famously decried by Warren Buffet as "financial weapons of mass destruction". Or should we be looking at tech or service-led innovations that have contributed to the social good. The reason I ask is because MIT has just published ...

25 February 2010 /retail /wholesale

Paul Penrose Head of Research at Finextra

Finra's social media mash up

Lots of chatter in social media circles yesterday about this report on the New Comm Biz blog cocerning a financial services employee who was allegedly forced to remove his LinkedIn profile in response to Finra's recent Web 2.0 guidance note. "I received a disturbing email from a friend of mine," the post begins. "I have changed the ...

11 February 2010 /wholesale