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Couple of stories from the FT this week that demonstrate the value of social networks to the financial world (or alternatively, the media's obsession with Twitter and Facebook - you decide). First up,...
E-mail is so 2001. Prince Obi Matumbe Akumbe knows this and has turned to YouTube and Twitter in his bid to find a kind soul willing to help him transfer $50 million out of Nigeria. Anyone prepared t...
Over at Seeking Alpha, Ray Pellecchia from Nyse offers a nice little lesson on the dangers of putting all your eggs into the e-trading basket. A couple of days ago, before the market opened, a custom...
PayPal will naturally get some stick for this, and rightly so, but I think you have to give the firm some credit for the way it handled the problem and kept us all informed. During the outage a blog ...
Another day, another example of sloppy security. Wired reports that sensitive information about the New York Stock Exchange's network has been lying around on an unsecured server for about a year. On...
Here at Finextra we often cover clever, tech-driven scams dreamt up by criminals looking to part people from their money. Sometimes though, the simpler a plan the better, as a gang of crooks in Uganda...
You've got to feel for the Madoffs and Stanfords of this world. Federal prison is no country club and you suspect that these well-to-do white collar crooks are in for a bit of a shock when they get th...
Bit of a follow-up to the Goldman Sachs code stealing shenanigans story. Firstly, Reuters reports that Aleynikov posted bail yesterday. Secondly, the mysterious company that offered to triple his sal...
Interesting, if not entirely surprising, snippet from the strategic innovations in payments systems panel discussion here at EBAday. Lee Fulmer, currently with IBM, revealed that in his previous life ...
How banks are going to have to adapt their services to keep digital natives - people who have grown up with the Internet and mobile phones - happy was up for discussion at the strategic innovation in ...
So, Sepa is obviously a big deal for the banking delegates here at EBAday but the corporates in attendance are a little less enthusiastic. Andreas Nestler, head of cash and treasury management at Aust...
HSBC's UK customers had trouble using ATMs and accessing their accounts online over the weekend. Details are sketchy: we don't know how long the problem lasted, what caused it or how many people were ...