Elton Cane Digital product delivery at News Corp Australia
At Swift's pre-Sibos press briefing yesterday the usual group of trade press assembled to hear about Swift's plans for this year's Sibos event in Vienna. Along with the usual talk about "strategy" and "community", a few figures stood out: Over 6,300 people are registered so far for this year's Sibos, with 18% from the UK and 1
20 August 2008 /payments /sibos
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
Well, if you're Nyfix, the answer is $8.7 million and counting (with a further $2m-$2.5m next quarter). It's hard to tell with just a few minutes of web research whether this represents good value or not, compared with its peers. But considering that Euro Millenium supposedly leverages technology already employed by the Nyfix Millennium alternativ...
12 August 2008 MiFID
According to ChinaDaily, as of the end of last year, lenders in China had issued 1.5 billion bank cards, including debit cards, credit cards and quasi-credit cards. Of the huge sum, active cards, which were used at least once every month, were only about 80 million, less than 10 percent of the total. These figures come from China UnionPay, the nat...
08 August 2008 /payments /retail Asia Financial Services
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
Japanese business culture is big on individuals stepping up to take responsibility for mistakes that have resulted in their organisation losing face. TSE executives taking a salary cut over the latest glitch is obviously a lot less severe than the falling-on-one's-sword routine favoured by samurai of old, but what is more interesting is the action ...
05 August 2008 Asia Financial Services
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
Lee Hodgkinson makes some interesting points in this video. The plethora of alternative trading venues launching this year will live and die by the liquidity they attract. Everyone knows that Chi-X has done quite well from being in the game early. SWX Europe likewise hopes that being early to market in providing a European dark pool - though just ...
17 July 2008 MiFID
The Onion get's it spot on as usual, with an almost believable mix of truth and satire: "A panel of top business leaders testified before Congress about the worsening recession Monday, demanding the government provide Americans with a new irresponsible and largely illusory economic bubble in which to invest." Though to be fair, I don't t...
17 July 2008
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