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Paul Penrose

Head of Research

Finextra

Member since

06 Oct 2006

Location

London

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Paul's opinions

ABN Amro prepares for the virtual world of banking

ABN Amro was one of the early pioneers in buying virtual real estate in Second Life, the Internet-based 3D fantasy playground. In 2006, the Dutch bank snapped up a large number of islands and opened a virtual financial advice centre to interact with the role-playing denizens of the alternate world. More recently, and in line with other banks like ...

02 September 2008 /retail Futuristic Banking

The top ten questions for dark pool providers

Courtesy of Greenwich Associates, ten questions every institution should ask its dark pool providers: Are you a true dark pool, (i.e., completely anonymous, without any information leakage) or will information regarding my orders be conveyed to potential liquidity providers? Does your platform route orders out of your dark pool or from any other...

14 August 2008 Finexpo

Chip and PIN fraud kit for sale online

UK computing title The Register says it has alerted Apacs to an underground forum post spotted by Net security firm PrevX that suggests expertise on defeating anti-tampering protection on older Chip & PIN card terminals can be bought for as little as $4000. One thread, posted in early July, is from someone in the UK asking for information on h...

14 August 2008 /security

Chip and PIN security screen smashed?

The police raid in Brimingham opens a worrying new front for the banking community in the fight against organised card crime. The introduction of Chip & PIN has been a big suceess in stamping out fraud on the high street. However, it now appears that the criminal community is coming to terms with the new security measures and finding ingenious ...

13 August 2008 /security

Rethinking micropayments

How do you define a micropayment? In the early days of the Web a micropayment was defined as 1/1000th of a US dollar. With the Internet providing a shop-front for the sale of small value items - such as a software application or an individual news story - the search was on for an economically viable means of conducting such miniscule transactions....

13 August 2008 /payments Trends in Financial Services

Wall Street got drunk

Words of wisdom from President George W Bush on the financial malaise gripping the world economy and the sub-prime mortgage crisis, captured surreptitiously on video at a private event and posted on YouTube. More hilarity - only this time of the genuinely funny kind rather than hysterical - from the Daily Show with Jon Stewart, comparing and cont...

23 July 2008 /retail /wholesale Video extravaganza

Cityboy: The musical

I fear the exploits of Cityboy at the Glastonbury music fest may have gone to the poor chap's head. The ex-DrKW analyst is back on YouTube promoting his catchy new single 'Cityboy'. All together now: 'I'm just a Cityboy Another lonely pretty boy Columbian exports in my brain I'm off my face again' Burt Bacharach he ain't. Maybe he should have sta...

23 July 2008 /wholesale Video extravaganza

Nyse's rebuttal to Nasdaq OMX

As expected, the New York Stock Exchange has hit back at recent market share stats distributed by Nasdaq OMX, accusing its competitor of "blurring the lines between fantasy and reality". Here's the text of the Nyse rebuttal letter currently doing the rounds: The most recent boasts by one of our competitors, NasdaqOMX, takes a turn from Wi...

22 July 2008 /wholesale

HP boxes clever...not

HP has dedicated a fair amount of corporate Web space to promoting it's environmentally-friendly 'Green Giant' credentials. So I'm assuming this report from the Register is some kind of elaborate joke: "HP shatters excessive packaging world record". The accompanying picture story details how one amazed Reg reader took receipt of a very ...

21 July 2008 /retail /wholesale Going green

Attack of the clones: NXP gets short shrift from Dutch court

NXP's attempts to block publication of a research paper detailing alleged security weaknesses in the Mifare chips used in Transport for London's Oyster smart cards has backfired somewhat. The manufacturer of the contactless transit cards applied for an injunction to suppress the research after Prof Bart Jacobs and colleagues from Radboud University...

21 July 2008 /security