307 Results
Paul Penrose Head of Research at Finextra
As expected, the New York Stock Exchange has hit back at recent market share stats distributed by Nasdaq OMX, accusing its competitor of "blurring the lines between fantasy and reality". Here's the text of the Nyse rebuttal letter currently doing the rounds: The most recent boasts by one of our competitors, NasdaqOMX, takes a turn from Wi...
22 July 2008 /wholesale
HP has dedicated a fair amount of corporate Web space to promoting it's environmentally-friendly 'Green Giant' credentials. So I'm assuming this report from the Register is some kind of elaborate joke: "HP shatters excessive packaging world record". The accompanying picture story details how one amazed Reg reader took receipt of a very ...
21 July 2008 /retail /wholesale Going green
NXP's attempts to block publication of a research paper detailing alleged security weaknesses in the Mifare chips used in Transport for London's Oyster smart cards has backfired somewhat. The manufacturer of the contactless transit cards applied for an injunction to suppress the research after Prof Bart Jacobs and colleagues from Radboud University...
21 July 2008 /security
New figures from Peter Gabriel’s entertainment recommendation website TheFilter.com show a dramatic rise in liking for ‘depressing music’, as the credit crunch bites. The Ten Most Popular Depressing Songs, as rated by The Filter users in order : 1. Amy Winehouse - Tears Dry On Their Own 2. The Beatles - Eleanor Rigby 3. The Smiths - Heaven knows...
16 July 2008 Whatever...
Australian credit union BCU has taken a novel approach to online banking security by scanning customer PCs at the point of log-in for security weaknesses. Given Pete's rather scary post yesterday on the amount of time it takes for an unpatched Windows PC to be compromised simply by being connected to the Internet, BCU's actions make perfect sense....
16 July 2008 /security
A man sits in the pouring rain outside a city centre shop wearing an all-in-one body suit fashioned from slepping bag material. He is joined overnight by a 200-strong line of people, but steps aside at 6.30am in the morning to make way for another man who has just bought his first-place spot in the queue for £45 off the auction site eBay. Yes, it...
11 July 2008
Citi's decision to offload its profitable retail business in Germany could mark the start of a major re-alignment for the US bank's vast overseas network. Citi has announced plans to shed $400 billion of non-core assets over the next three years in an effort to rebuild profitability and shrug off recent losses. The German retail operation was the ...
11 July 2008 /retail Finextra50 fintech index
Hats off to Bloomberg (financial fundamentals), PayPal (P2P payments) and Bank of America (mobile banking) for being ready on day one of the launch of Apple's AppStore on iTunes for iPhone widgets. But a big thumbs down to the rest of the financial services industry for such a tardy response. For an overview of some of the more interesting (non-...
11 July 2008 /retail /wholesale Finance 2.0
The share dealing arm of Australia's Commonwealth Bank is ready to cash in on iPhone mania ahead of the initial 3G release in the country Friday. CommSec has developed a native iPhone app that effectively converts the device to a wireless laptop, from which users can check out news and market movements, view their holdings and outstanding orders ...
10 July 2008 /retail /wholesale Futuristic Banking
From the Rip van Winkle school of analysis: "Retail banks must add skills in sales and service to tellers' current transaction processing responsibilities" - TowerGroup. Where have they been the past twenty years? Makes you wonder if anyone from TowerGroup has actually stepped foot inside a bank branch lately, since I get hit upon every...
09 July 2008 /retail
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