Latest opinions that Stanley Epstein has shared on Finextra

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Stanley Epstein

Associate

Citadel Advantage Group

Member since

09 Oct 2006

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Stanley's opinions

You gotta be kidding!

I generally find the subject of banking, risk management, payments and so on to be pretty serious stuff. After all I have spent my entire career dealing with the various aspects of all of this. I must admit however that there is always room for a lighter side to everything. But so far I always seem to have missed these more amusing moments. So my...

12 July 2009 /payments /retail Innovation in Financial Services

Business versus Technology

It never ceases to amaze me that in the world of banking two different worlds can seemingly co-exist side by side, each oblivious of the other. There are many examples of this, such as "sound risk management" versus "business imperatives". This particular issue lies, in my view, at the heart of the current financial crisis. Ho...

03 July 2009 /payments Innovation in Financial Services

Accounting standards - where is the honesty?

Once again I am appalled by the banks. Here we are, all in the midst of the worst financial crisis of the past seventy years, brought on by the greed and stupidity of the banking community and what are the banks doing? Well they are now moaning at the poor folk setting the accounting standards. They don't like some of these accounting rules becaus...

03 May 2009 /retail

Getting back to basics

Although the world's financial system is still in dire straits, together with the economies that have been dragged down with them, there seems to be an element of optimism in the air. Perhaps it is the coming of spring that seems to engender new feelings of rebirth and of hope. What is disturbing however is the notion that the worst is behind us a...

26 April 2009 /regulation Innovation in Financial Services

I want my fellow travellers back

I was really stunned today by how rapidly our current financial woes have affected the real world. Just three months ago, I was in London to attend to some business matters. Then it was the usual packed flight, business class just about full. Today I undertook the same journey. However, there was one big difference. I was the ONLY business class pa...

01 February 2009

Shame on you!

There has been news in recent weeks in the press that the banks continue to wield undue influence, aimed at protecting their powers. This time the news comes from Kenya and it's all about M-PESA. For the uninitiated M-PESA is a micro-payments and banking system based on the mobile phone. The service is aimed at mobile users who do not have a bank...

15 January 2009 /payments /retail

In my next life I want to be a bank!

Today I went to my bank to draw MY money from MY account. Even doing this without the assistance of a surly bank teller costs me money in transaction fees. I do the work, on the bank's equipment on my own account and I have to pay for the privilege. Anyhow even after having accepted this type of abuse over many years and grown used to it, I was in...

15 January 2009 /retail

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