Retired Member
It's always seemed strange to me that people only get really interested in withholding tax when economic times start getting tough. The sub-prime mess which has led to a range of spin-off crises at banks (retail and wholesale) and brokers, seems to be raising this old penny again. I guess its not really surprising given human nature - when times...
26 November 2007 /regulation /wholesale
Elton Cane Digital product delivery at News Corp Australia
At last week’s Forum for Innovation in Financial Services, organised by Finextra, we had some excellent presentations from James Gardner at Lloyds TSB and Pol Navarro of Banco Sabadell giving insight into how these particular banks are approaching the challenge of managing a formal innovation programme. The subsequent panel discussion also involve...
15 November 2007 /retail /wholesale Innovation in Financial Services
A new report from Deloitte Research on M&A trends contains some interesting findings. Although it is based on a wide survey of active acquirers earlier this year, when deal value and volumes were still high, the report positions itself as offering advice for M&A strategy in today's uncertain economic climate. The survey looked at what per...
15 November 2007 /wholesale Finextra50 fintech index
Paul Penrose Head of Research at Finextra
Citibank has standardised its core banking systems worldwide on the Flexcube product from i-flex. The implementation of the product at Citi's markets and banking divisions in 67 countries is the culmination of seven years of work. Steve Randich, chief information officer, Citi markets & banking, hailed the implementation as "an unparallel...
14 November 2007 /retail /wholesale
Fame at last for one-time fintech journo Paul Murphy, following a brief cameo appearance as 'idiot guy at Alphaville' in the Martin Luke’s column in today’s FT. Old lags will remember Paul as the dishevelled Columbo-styled investigative reporter who covered the fintech beat for the Banker back in the late 1980s. He was also the man behind the scu...
08 November 2007 /retail /wholesale Where are they now?
Panelists in the exchange consolidation session at Finextra’s Fintech M&A event in London on Tuesday were asked to look ten years into the future and hazard a guess at the likely winners in the global exchange race. Lee Olesky, president of Thomson TradeWeb cast his vote in favour of a new entrant – a Google or Facebook for the financial servi...
02 November 2007 /retail /wholesale Finextra50 fintech index
Registration has opened for Finexpo, Finextra’s sixth annual capital markets exhibition and conference, which takes place at The Brewery in London on Wednesday 30 January. Finexpo runs three simultaneous conference streams focussing on front office, back office and technology issues for capital markets participants.The conference programme is sup...
01 November 2007 /wholesale Finexpo
John Cant Managing Director at MPI Europe Ltd
As I write this blog, teams across the UK are putting their final MiFID changes into systems ready for M-Day this week. Although MiFID is a Europe wide regulation - I say across the UK deliberately. Whilst the likely impact of MiFID has been compared to Big Bang, the implementation of it has essentially become phased - although not by design - due...
28 October 2007 /wholesale MiFID
Popular digital arts community and message board B3ta.com poses an interesting question of the week – What’s the most expensive mistake you’ve ever made? Not surprisingly, IT cock-ups make up a large number of responses. But the best one describes what happened when a poorly written storage management script brought down the entire same-day settlem...
26 October 2007 /wholesale
McKinsey assessed the IT strategies of ten leading global corporations to understand how they invest in innovation while running their core IT operations efficiently. The consultancy found that they typically define their IT investments across three criteria - as low risk (“stay in the race” projects to improve basic services), medium risk (“win t...
25 October 2007 /retail /wholesale Trends in Financial Services
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