Retired Member
I was stuck abroad last weekend and picked up Alan Greenspan's "Age of turbulence" to kill some time. I read the book cover to cover in one go (well actually two sessions to allow for dinner and drink) and want to endorse this book to anyone out there with the faintest interest in economics, US financial policy and business in general. “...
24 October 2007 /wholesale Trends in Financial Services
After the last few hectic days at Sibos here in Boston it was a delight to sit down in the closing plenary and rest my rapidly fading voice and tired feet. There is always an inclination not to take in everything that is said during these long plenary sessions, but fortunately I found the speeches focussed and relevant. Michael Cohrs gave one of t...
04 October 2007 /payments /wholesale
Steve Ellis Founder at Finextra Research
Rafat at paidcontent has pointed to information emerging from a Thomson investor day that shared info on the likely shape of the business after merger (acquisition) with Reuters. While Reuters will represent 59% of the revenues of the combined group, Thomson will represent 57% of the operating profit. The full Thomson IR deck is here.
04 October 2007 /wholesale
During this week at Sibos I have seen the results of several surveys around SEPA. Most would imply that the industry is not only positively engaged, but will achieve full migration by 2012 at the latest. However, my private conversations with fellow European bankers would not support such optimism. During these I have learnt that there are expect...
03 October 2007 /payments /wholesale Finextra@Sibos
Day 2 of the Swift conference in Boston was filled with meetings about SEPA and the PSD (for those of you outside Europe this is the Payment Services Directive, the new legislation to harmonise the payments environment across Europe). The good news is that nothing new was said, but perhaps this is also rather sad. Banks have been concentrating on p...
I hope you all had a great day yesterday. I thought today I should muse a little around one of the themes from yesterday's opening plenary. I am sure that like me, many of you noticed the more relaxed style of presentations. This fitted well with the theme of SWIFT moving from operational excellence to customer intimacy. Working more closely wit...
02 October 2007 /payments /wholesale Finextra@Sibos
Hi everyone, It's great to be back again for another year. I am sure most of you, like me, have spent the last few weeks in frantic preparation - arranging meetings, preparing presentations, briefings, speeches, press announcements and all the other things regarded as essential for a successful SIBOS. SIBOS is about communication and -- as every ...
01 October 2007 /payments /wholesale Finextra@Sibos
Elton Cane Digital product delivery at News Corp Australia
The FT reports that SmartStream's bookbuilding for its IPO is not going quite as well as hoped, and that it probably won't be reaching the £300 million figure it said earlier this month it wanted to raise. This isn't particularly surprising given the state of the markets and potential decreases in IT budgets among the banks that SmartStream sells ...
28 September 2007 /wholesale Finextra50 fintech index
Ed Daniel Senior Consultant, getting old you know ;-) at esdaniel.com
The internet age has unleashed a massive force that is accelerating innovation, it is facilitating a most potent human behaviour... that of community and it is no surprise FinExtra has moved to address this trend. Online communities, just like offline communities, develop their identity, brand and 'being' with precursors like the Slashdot communi...
19 September 2007 /retail /wholesale Futuristic Banking
Paul Penrose Head of Research at Finextra
"The big lesson of the subprime crisis: that it's a mistake to lend money to poor people." "Rich people know how to invest extra money. Poor people just squander it on necessities. That's why capitalism works so well: it keeps money out of the hands of people who don't know how to use it and directs it to people who know how to make ...
12 September 2007 /regulation /wholesale Whatever...
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