980 Results from /wholesale
Elton Cane Digital product delivery at News Corp Australia
As banks now more than ever are looking to cut costs wherever they can, it's not surprising that they're still very keen on offshoring despite the political sensitivity of sending jobs abroad. But the large Indian service companies that provide offshore services, as well as providing people locally in the UK, are finding that banks are cutting back...
02 October 2008 /retail /wholesale
Retired Member
There is no doubt that transaction banking is growing. But is this growth straight forward and all-round… or are there some undercurrents. Let us look at some developments - AIB and Barclays outsourced Trade processing to ABN a few years back. Trade finance outsourcing has become common now with a number of banks & vendors offering this servic...
28 September 2008 /payments /wholesale Transaction Banking
Fiserv CBS Worldwide, Tibco Software, IONA Technologies, edge IPK, GT Software what do all these companies have in common? They are just a tiny example of the software companies listed on finextra recently for making big forays into the world of fintech SOA. The reason for this insatiable trend? The age of proprietary, bespoke and closely guarded ...
25 September 2008 /regulation /wholesale
Nick Hastings
As part of their global tour to promote their new album 'Power Shakes and Super Congas' Sex Panther touched down in Vienna to rock the Hofburg. Despite a few technical problems and working with a reduced set the boys banged out a sterling cover of the Queen Classic 'Don't Stop Me Now'. If you missed the gig or were there but were over-powered by th...
23 September 2008 /payments /wholesale Finextra@Sibos
Paul Penrose Head of Research at Finextra
Wall Street is history. Official. The news from New York that Wall Street's last two investment banks Morgan Stanley and Goldman Sachs are to convert into tightly regulated bank holding companies marks the end of an era for the capitalist economic system. The investment banking model that for decades has powered a global boom in leveraged finance,...
22 September 2008 /retail /wholesale Trends in Financial Services
Matt White North America editor at Finextra
The current market turmoil looks like it's going to hit offshore outsourcing firms pretty hard. As the FT reported a couple of days ago, firms like HCL and Wipro are putting a brave face on the crisis, insisting the events at Lehman - a customer of both - won't have much of an impact on them. But despite the bullishness, Wachovia Capital Markets h...
19 September 2008 /retail /wholesale
Elizabeth Lumley Global FinTech Commentator at Girl, Disrupted
Now I've spent 15 years writing about technology and data on Wall Street and the City. I've met many people who do (or did) take home a fat wad of cash and others who get by on much smaller wallets. But as the events of this week continue, I have been a bit disturbed by the level of bile floating around the blogs and even in mainstream news. All of...
19 September 2008 /wholesale Whatever...
Amid serious concerns that the escalating banking crisis will result in a major loss of sales, Thomson Reuters has instigated a recruitment freeze at its financial markets and technology unit. According to an internal memo seen by the Wall Street Journal the vendor has halted external recruitment for new positions except where the company is shifti...
18 September 2008 /wholesale Finextra@Sibos
Growth in Transaction Banking; are banks going back to basics or is there a killer application ? While the global financial markets face severe meltdown, one area within banking quietly continues to prosper - Transaction banking. Consider this – Between Citi, HSBC and JPMC income from global transaction banking in 2008 is expected to touch US$ 15b...
17 September 2008 /sibos /wholesale Transaction Banking
Following on from my previous blog about the mileage a typical Sibos delegate clocks up during the event, I have an update for you. Monday started quite slowly with a modest 7.8km - there was a lot of standing around catching up with comrades from Sibos' past. I definitely made up for it though on Tuesday - a whopping 18km during the day! Mind yo...
17 September 2008 /payments /wholesale Finextra@Sibos
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