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Nick Hastings

Nick Hastings 

Not your average journey to work

So after a 4.5 mile hike through the snow from Battersea to St Martins Lane, which took over 2.5 hours, I finally made it to Finextra HQ. Happy to report the rest of the Finextra sales team made it in as well and we're here to answer all your advertising, lead generation, events and marketing questions! I thought I'd share some photos of my journ...

/payments /wholesale Whatever...

Kumar Jm

Kumar Jm Business Consultant at Indian Fortune 500

Corebanking Systems

a) Core Banking Introduction In a nutshell a core banking system is a centralized self contained system that shall have the benefits of performing multiple transaction activities coupled with scalability and performance sturdiness to name a few benefits. The market is currently dominated by more than 30 players who together offer about 50 pro...

/retail /wholesale

Paul Penrose

Paul Penrose Head of Research at Finextra

Ken Lewis and John Thain: Dumb and dumber

No matter which way you look at it Ken Lewis's bail-out of Merrill Lynch looks increasingly wrong-headed. John Thain - the man who sold the pony to Lewis - has now fallen on his sword after Merrill posted more than $15 billion in surprise losses just three weeks ago. The shock revelation followed the disclosure of early bonus pay-outs to Merrill st...

/retail /wholesale

Gary Wright

Gary Wright Analyst at BISS Research

Breaking up the Banks

Each day we hear of another bank deep in a hole of its own making. The billions and eventually trillions of tax payer's money pitched into banks is taking some time to take effect and get the business moving again. Today it's unclear how much is enough and what the long term ramifications will be. The UK and USA governments are the main protagonis...

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John Cant

John Cant Managing Director at MPI Europe Ltd

Learning lessons from Murphy at 60

If Murphy’s Law didn’t already exist, they would have had to invent it to help explain what has happened to the financial sector over the past six months or so. Over the years there have been many proverbs or sayings predicting the inevitability of disasters. However, it fell to one Edward Aloysius Murphy Jr. around 1949, whilst working on a serie...

/regulation /wholesale Banking Architecture

Paul Penrose

Paul Penrose Head of Research at Finextra

Longer fingers point to bigger profits

Researchers at Cambridge University have found a link between the profitability of male traders at a London bank and the ratio of index to ring fingers on their right hand. The so-called 2D:4D ratio is a biological marker indicating pre-natal exposure to high levels of testosterone in the womb. In a study to be published today in Proceedings of the...

/wholesale Whatever...

Paul Penrose

Paul Penrose Head of Research at Finextra

Dirty money and the flu pandemic

It's the flu season again, so time to dust off some research first published back in May last year in which researchers discovered that the human flu virus can survive on banknotes for up to 17 days. Discussing the results ahead of publication, Yves Thomas, head of the National Influenza Research Centre at Geneva University Hospital, told Reuters...

/retail /wholesale

Retired Member

Retired Member 

Can You See the Future: Predicting Top 2009 Headlines

If you want to see experts scramble, ask for a prediction, wait 12 months and then go back for comments on why and how they got it wrong. Let’s face it expertise is no guarantee when it comes to predicting the future. The world is unpredictable because people are unpredictable and despite what all of us egocentric human types believe—the world is ...

/wholesale Financial Supply Chain

Elton Cane

Elton Cane Digital product delivery at News Corp Australia

World Bank bans Satyam for 8 years over lax ethics, security

Fox News has been dogged in its pursuit of scandals going on at the World Bank, including the hacking cases we wrote about in October. To add to Satyam's recent woes, they have now confirmed that Satyam has been banned from working for the World Bank for eight years, starting from September. Apparently the punishment has been meted out for paying ...

/security /wholesale Information Security

Paul Penrose

Paul Penrose Head of Research at Finextra

Bernie Madoff's take on over-regulation on Wall Street

Some choice quotes from squeaky-clean Bernie Madoff on the trials of doing business in the modern financial system. "Whenever I go down to Washington and meet with the SEC and complain to them that the industry is either over-regulated or that the burdens are too great they all start to roll their eyes just like our children do when we talk ab...

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