1025 Results from /wholesale
Retired Member
Despite incurring massive losses from the credit crunch and its rogue trading scandal, French banking group Société Générale is bucking industry trends by launching a campaign to recruit around 20,000 new staff worldwide this year. SocGen says it has tripled its headcount over the past 10 years and now has 151,000 staff worldwide. The bank is now l...
27 August 2008 /retail /wholesale
Elton Cane Digital product delivery at News Corp Australia
Further to my recent post -- It's not all doom and gloom for financial technology -- I've been reading a few predictions for IT spending in 2009. Some choose to focus on the positive -- for e.g. spending on risk management systems is growing. While others look at the state of software and IT services more broadly, and are much more pessimistic....
20 August 2008 /retail /wholesale Finextra50 fintech index
HSBC has denied reports that it is considering ditching the Blackberry and adopting Apple's iPhone as its official corporate mobile device. Brenton Hush, chief information officer at HSBC's Australia and New Zealand division, told reporters last week that the group is considering rolling out the iPhone to a potential "200,000 people". Bu...
19 August 2008 /retail /wholesale
OK, enough of the boring medal count from the 2008 Beijing Olympics. Lets get serious. What are the rankings once you take population into account (per capita) and income (Gross Domestic Product or GDP)? This table took a while to produce and offers some fascinating insights. It doesn't update automatically yet (but I'll work on that). Here a...
15 August 2008 /wholesale Innovation in Financial Services
After news earlier this month that National Australia Bank had recruited Oracle to manage the roll out of the first phase of a A$1 billion overhaul of its core banking operations, it's not surprising that I-flex, majority owned by Oracle, will be providing the new core banking system. However, The Economic Times in India reported some more detail...
14 August 2008 /retail /wholesale Asia Financial Services
Reports have surfaced that HSBC is considering adopting Apple's iPhone as its "official corporate mobile device" and ditching Research in Motion's Blackberry system. Brenton Hush, chief information officer at HSBC's Australia and New Zealand division, told reporters that the group is considering rolling out the iPhone to a potential &quo...
13 August 2008 /retail /wholesale
With Sepa opening up choice of clearing infrastructure for banks in the euro-zone, many banks no longer see ownership of their national domestic infrastructures as necessary. Italy's SIA-SSB has appointed Citi as an advisor, as its major bank shareholders Intesa Sanpaolo and UniCredit look to sell. Atos Origin was recently named in press reports ...
08 August 2008 /payments /wholesale SEPA and European Payments
Stanley Epstein Associate at Citadel Advantage Group
Why is it that the minute something goes wrong someone or something has to be blamed? It almost seems that as long as a "guilty" party can be found then we have done our duty and can simply forget about the problem ... until the next time. This is currently the case in point in the brouhaha in the United States around the perceived failur...
31 July 2008 /regulation /wholesale
While banks might be cutting rates for IT contractors - see Navjeet's blog post from last month, and the Barclays announcement yesterday - it seems quite a few vendors are still doing well. For core banking system vendors in particular, there has been a spate of good financial results. In its quarterly announcement today Temenos net income wa...
30 July 2008 /retail /wholesale Finextra50 fintech index
On his blog, Bo Harald outlines 5 of the "mega class" drivers for the business and banking sectors to embrace e-invoicing. Some of them are obvious, though it's great to see them quantified so well -- cost savings, productivity and automation, reduced environmental impact etc. But what struck me as particularly interesting was the figur...
23 July 2008 /payments /wholesale SEPA and European Payments
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