307 Results
Paul Penrose Head of Research at Finextra
"Imagine a country where carbon becomes a new currency. We carry bank cards that store both pounds and carbon points. When we buy electricity, gas and fuel, we use our carbon points, as well as pounds. To help reduce carbon emissions, the Government would set limits on the amount of carbon that could be used." The words of UK Environment...
21 June 2007 /payments /retail Futuristic Banking
Mind-boggling stat of the day. 10 Milliseconds: trade execution times on the London Stock Exchange's new TradElect platform. 100-150 milliseconds: the amount of time taken to blink the human eye.
18 June 2007 Whatever...
Are people more likely to switch banks to get a better deal, or because of poor customer service? That was the question asked by a YouGov survey for moneysupermarket.com back in October last year. Over a quarter (29%) of people switched as a result of poor service or a bad experience, compared with a lowly 13% who deserted for a better rate on the...
18 June 2007 /retail Trends in Financial Services
Direct Line, the insurance subsidiary of Royal Bank of Scotland, has launched a biting attack on the independence and accuracy of online price comparison services. In a new TV advertising campaign it warns consumers to be wary of these sites when searching for cheaper car or home insurance. Direct Line’s assault on the price comparison business ha...
13 June 2007 /retail
Chip Mahan, who stepped down from the post of CEO and chairman of Internet banking vendor S1 in October last year, is setting up a new specialist lending business in Wilmington, North Carolina. Live Oak Banking is on track to receive its charter in July and could open its doors for business within six months. The niche bank will focus on business ...
13 June 2007 /retail Where are they now?
On a mission to get the non-bank perspective on Europe’s progress towards a Single Euro Payments Area I sat in on a couple of fringe conferences sessions at the EBAday show in Rome. Technology vendors I’d spoken to ahead of the show had promised to stir things up a little, and this they duly did, giving their banking paymasters a good kicking in t...
05 June 2007 /retail EBAday
Blogging from Rome at the annual EBAday conference, a European payments forum organised by Finextra and the Euro Banking Association. Delegates attending the show are looking for guidance and insight as the deadlines loom for the creation of a Single Euro Payments Area (Sepa). Sepa was the big draw at last year's inaugural show in Frankfurt and th...
04 June 2007 /payments /retail EBAday
How to make friends and influence people: The UK’s Co-operative Bank is promising to donate 20 pence to a children’s charity in return for people who join the bank’s list of friends at its new MySpace page. Now, we all know that buying friends on MySpace is not cool. But the Co-op has cleverly included the pay-per-friend scheme as a natural extensi...
31 May 2007 /retail Trends in Financial Services
A recent redesign of the Wells Fargo homepage led to a 50% uplift in online applications, more use of key functions such as the account log-in and branch and ATM location tools, and a significant fall-off in search enquiries. The bank’s Internet Services Group used site stats, survey data and internal search information to pick up on customer re...
25 May 2007 /retail
Some confusion in the Finextra editorial office this past few days after we received conflicting press releases from Nationwide and the Royal Bank of Scotland both claiming to have launched the UK's first Internet bank ten years ago. So it was gratifying to get an unsolicited update on the issue from the Nationwide press office this afternoon, poi...
23 May 2007 /retail
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