A simple Google search (which you would expect anyone to do when coming up with a new name to see if anyone else is using it) would have revealed the Urban Dictionary definition as the first result.
Perhaps they knew about the definition and chose to embrace it as a brand and business model?
14 Aug 2007 15:59 Read comment
You'll find if you click the link that Bob's Guide has now fixed the errors on its website. But emails are forever.
14 Aug 2007 13:07 Read comment
I just spoke with V Senthil Kumar, CMO of I-Flex, and Ashwin Goyal, VP Financial Services for Oracle, who are announcing today some of the first releases from the recently formed Oracle Financial Services Global Business Unit (FSGBU). Basically, driven by customer demand, they've released a process integration pack with ready-built integration between Sibel and Flexcube, and also made the latest version of Flexcube work with Oracle's access and identity mangement suite.
With Oracle's Q4 earnings announcement due next week they wouldn't be drawn on any speculation about completing the i-Flex acquisition, but they did talk about how beneficial it is for the FSGBU to have senior i-Flex people among the top management, as well as executives who came from the FS divisions of Siebel, PeopleSoft, and of course, Oracle.
But talking about Oracle's vision to achieve complete coverage across the financial services sector, they did admit that future acquisitions for the unit will likely be in the insurance and capital markets space, where their offerings aren't as complete as they are in banking.
Already they have (through i-Flex) compliance vendor Mantas, which has some capital markets specific modules for MiFID, and broker and mutual fund compliance. And this year's acquisition, data cache vendor Tangosol, pitches its products to enhance grid computing environments in capital markets firms. Any new acquisitions could add capital markets line of business applications to Oracle's current capabilities in high-performance computing, business intelligence and reporting.
21 Jun 2007 17:23 Read comment
The Guardian points to some more odd Olympic logos of years past. My favourite is the mildly pornographic Montreal logo
05 Jun 2007 10:14 Read comment
I don't know about traditional bricks and mortar banks operating online under their own brand, but the first Internet-only bank was Security First Network Bank (SFNB), which was created when a US security software firm acquired a small Kentucky bank, Cardinal Bancshares, in 1995.
Wachovia and Huntington also invested money in the start-up – so this probably does qualify as the first instance of bricks and mortar banks getting involved in online transactional banking.
SFNB got Federal Reserve approval for its online-only service, and had a hugely successful IPO in May 1996.
But it couldn't build its deposit base, and after posting large losses and seeing its share price tank, the company's banking assets were bought by Royal Bank of Canada in 1997. The software subsidiary Security First Technologies (S1) remained independent, however, and went on to build quite a successful business - particularly during the boom years leading up to the turn of the millennium.
25 May 2007 13:21 Read comment
2 minutes or 3 seconds -- either way, it's a short enough time that someone could sit with their laptop within range of your network and compromise the security without raising suspicion. All security-conscious organisations with wireless networks should be using WPA encryption with a RADIUS server.
15 May 2007 14:14 Read comment
Good luck with this process John. Reading about the illegality of the charges in the press, I too went through my old bank statements to see how much the bank had stung me for. In my case it was only about $120 over the past two years. But I sent off a letter anyway, and got one back from my bank (Barclays) within a week. They said that they were acting legally, but just so there were no hard feelings they had credited my account by £60. Now I had to decide whether it was worth pursuing further - with potential small claims fees, multiple letters etc. - or just be happy with the return on my efforts so far. I'd like to say that I continued the battle on principle, but laziness took over.
What's interesting is that Barclays didn't just offer me a small payout - they actually credited me the hush money and then sent a letter - so unless I explicitly told them I didn't want their percentage payout of what I claimed to be owed, the matter would be settled.
22 Mar 2007 17:16 Read comment
That's such a great title for a blog entry. It almost reads like one of those randomly generated spam subject lines designed to get through filters. You know, the ones people are turning into poetry (www.spam-poetry.com)
28 Feb 2007 17:47 Read comment
Innovation in Financial Services
Electronic Bank Account Management
FSCS Fast Payout
SWIFT Matters
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