3859 Results from /retail
Paul Penrose Head of Research at Finextra
James Gardner, head of innovation and research at Lloyds Banking Group, is quiting his position to join the UK Government's Department for Work and Pensions. What does this say about the role of innovation in the stricken commercial banking sector? In his BankerVision blog, James plays a straight bat to the obvious question: "Whilst most thin...
24 August 2009 /retail Where are they now?
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
We should be today promoting common-sensical solutions for sense-making business. Are we? Maybe not… at least not often enough. The socio-technical landscape has changed so fast and we are still prisoners of quarterly capitalism (trying to create value for shareholders now staying for an average of 10 months), corporate governance models from the
23 August 2009 /retail Innovation in Financial Services
Retired Member
The idea of a single customer view (SCV) is something that retail banks have been kicking around for a while, and on which the FSA in January of this year proposed banks should invest around £1bn (Computer Weekly, 08 Jan 09). The FSA was worrying about the ability of individual investors to be able to get their hands on their money in the event of...
21 August 2009 /retail /wholesale
Interesting paper by Tim O'Reilly and John Batelle titled web squared. Starts out by describing how the Web 2.0 "network as a platform" enables applications that get better the more people use them with network effects acquiring users - then learning from them and building on their contributions. Web 2.0 is all about "harnessing co...
11 August 2009 /retail Innovation in Financial Services
This was the famous statement - allegedly by Chrusjtjov viewing a combined harvester demo at a sovhos. It came to my mind when reading the often so eminent Economist - now the "Modern Economy Theory" July 18th article. Without going into any interesting detail on this or on the rebutting views by Robert Lucas (Aug 6th) I think that we ha...
09 August 2009 /retail /wholesale
OMG. Twitter down. Hit by DoS attack. Facebook also grinding. Cyber-sabotage suspected. And we can't even tweet the news. World grinds to halt. Not
06 August 2009 /retail /wholesale Finance 2.0
This is an interesting proposition. “Sign up for our Linux card and help a cherished organisation. However, apart for an initial $50 bung, we won’t tell you how much more you will be contributing. Just spend like mad, safe in the knowledge that part of your spend will also be contributed.” How much, then? 1%, 2%? Or will it be something like
03 August 2009 /retail Innovation in Financial Services
$40 was pretty steep. I do point out that it could be a good strategy. After all we know that the non-bank competitors are lining up superior services and banks need to try and hang on to their customers. The overdraft issue is one which money transfer and non-banks alone may not easily compete with. They can't offer an overdraft. At a $40 fee they...
NAB has made the first move to remove overdraw fees from personal accounts. Fees as high as $33.00 are charged for overdrawn accounts. In what I think has been tantamount to theft, banks have been charging customers the overdraw fee for attempting to withdraw even $1 more than their balance. High balance enquiry fees especially at ATM's not owned ...
29 July 2009 /retail Whatever...
Gary Wright Analyst at BISS Research
I have written before about EMXCo the messaging system for Unitised Funds owned by Euroclear and how they continue to add new important institutions and intermediaries onto their system. It has just been announced that Legal & General (L & G) are making all their funds available over the network.This is really great news for the funds indu...
28 July 2009 /retail MiFID
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