Elton Cane Digital product delivery at News Corp Australia
The Creditex acquisition looks like third-time lucky for ICE, which has been keen to follow the same horizontal growth strategy being successfully pursued by other exchange groups over the past few years. Vertically, it has already this month received permission to expand into European clearing, with the FSA approving the operations of ICE Clear Eu...
03 June 2008 /wholesale Private Equity Investing in Financial Technology
New Scientist reported yesterday on research from the University of Cambridge that suggests the movements of money in the financial markets are correlated to stock traders' levels of two hormones: the steroids testosterone and cortisol. Examining the cause vs. effect dilemma they found that traders who started their days with elevated testosteron...
15 April 2008 /wholesale
This is one of the interesting topics that came up for debate at a risk event I attended yesterday organised by the CASS Business School in London and the Capco Institute. The recent sub-prime and liquidity crisis has prompted many commentators to look at the role of investment banking remuneration and management structures in building what Fortune...
09 April 2008 /wholesale Trends in Financial Services
Fair Isaac is the technology company most damaged by the subprime crisis. In fact some banks, such as HSBC Finance, have said its ubiquitous FICO credit scoring system contributed to the problem by being "ineffective" in predicting behaviour during a period of aggressive lending and low interest rates. I don't know the FICO system well
02 April 2008 /regulation /retail Finextra50 fintech index
I saw this survey last week that revealed 53% of UK banks fail to respond appropriately to online queries or emails. A US version of the same study last year found that of 72 banks surveyed, well over half - 67% - of firms did not provide satisfactory answers via e-mail. These survey results are obviously good marketing hooks for IBM and Kana (whi...
21 February 2008 /retail Trends in Financial Services
We have launched a new market data section on Finextra.com, which will provide market data and financial analysis across the different subsectors within the financial technology industry worldwide. After making a beta version available to Finextra Community members for feedback, we've now stealthily made it live on Finextra.com. We will be tweaki...
13 February 2008 Finextra50 fintech index
This recent TowerGroup report makes some interesting predictions, and has sound reasons for picking its five suvivors in the global exchange land grab. On one hand I can see why they have picked Eurex as one of them, as its global strength as a derivatives exchange operator means it's the only real competitor for CME Group in this area. But why li...
12 February 2008 Finextra50 fintech index
Many of the 600+ delegates attending Finexpo City Technology Strategies in London last Wednesday have requested copies of particular presentations. For those speakers who did use a set of powerpoint slides and have given us permission to make them publicly available, you can now download their ppt files from the event's agenda page. The most r...
06 February 2008 Finexpo
The SocGen fraud story, which is flabbergasting the industry and providing a distraction from credit crunch woes and hand-wringing about the dangers of overly complex structured productios, is remarkable for a number of reasons. The losses don't come from any exotic OTC dealings. Instead, the trader was dealing in plain vanilla futures on European...
24 January 2008 /regulation /wholesale
After previewing its fourth quarter results on Monday, IBM yesterday provided more details yesterday, which provided a boost for the tech sector generally. And although it may be too early to tell, they could also show that any falls in bank tech spending resulting from the current financial crisis aren't too severe (yet). The company saw earning...
18 January 2008 /wholesale Finextra50 fintech index
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