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Paul Penrose

Paul Penrose Head of Research at Finextra

MyBankSpace

Belgian financial services firm Fortis has made a bold move into the social networking space with the launch of a new Website. The join2grow network is being touted by the bank as a MySpace for entrepreneurs. Research house Gartner has suggested that banks should monitor emerging Internet social networks for their potential for partnerships, to ...

/retail Trends in Financial Services

Paul Penrose

Paul Penrose Head of Research at Finextra

Digital Monopoly

Dave Birch at Consult Hyperion has come up with a splendid wheeze for the tenth annual Digital Money Forum. The goal of the not-for-profit Forum is to encourage discussion and debate around electronic money in all its forms. This year, Dave has got together with toymakers Hasbro UK to run a charity Monopoly tournament at the end of the first day...

/payments /retail

Paul Penrose

Paul Penrose Head of Research at Finextra

It takes one to know one

Headline of the day: 'Fraud-Fighter, Ted Crooks, Joins Global Analytics' Apparently Mr Crooks was a former vice president, Global Fraud Solutions for Fair Isaac Corporation. Well, with a name like that, what's a guy to do.

/security

Paul Penrose

Paul Penrose Head of Research at Finextra

Clearing the way for more consolidation

All eyes on Deutsche Börse and Italy’s Monte Titoli after rival exchange Euronext divested itself of all but five per cent of its holding in clearing and settlement agent LCH.Clearnet (LCH.Clearnet to buy out Euronext). European investment banks and lawmakers in Brussels have been pushing Europe’s exchanges to cut their ties to post-trade clearin...

/wholesale Finextra50 fintech index

Paul Penrose

Paul Penrose Head of Research at Finextra

Heart to heart

It’s Valentines Day and the Finextra mailbox, as ever, is crammed with messages of affection from doting PR bunnies. Spurious press releases linked to the annual love-in are an occupational hazard for financial journalists at this time of the year. Our passions were initially aroused by an e-mail from UK insurer Legal & General headlined 'Mat...

/retail

Paul Penrose

Paul Penrose Head of Research at Finextra

Stripping away the comfort blanket

Researchers from Harvard and MIT have questioned the effectiveness of site image authentication technologies. The technique, pioneered by RSA subsidiary PassMark Security, relies on the exchange of personalised digital images between customer and bank Web site in advance of password entry. In the study, only three per cent of users chose not to l...

/security /retail

Paul Penrose

Paul Penrose Head of Research at Finextra

For whom the bell tolls

Apparently, legendary blues guitarist Bo Diddley will ring the opening bell at the American Stock Exchange this morning. Why? Perhaps the AmEx mistook Mr Diddley for his mad, bad contemporary Chuck Berry, who improbably scored a big hit in the 1970s with ‘My ding-a-ling'. Or then again, perhaps not. Personally, I'd recommend getting one-hit-wonder...

Paul Penrose

Paul Penrose Head of Research at Finextra

Bob the Bully gets his come-uppance

If, as seems increasingly likely, the London Stock Exchange succeeds in seeing off Nasdaq’s attempted hostile takeover, it will at the same time deal a serious blow to the ambitions and reputation of Nasdaq CEO Bob Greifeld. His aggressive, single-minded pursuit of the London Stock Exchange has already earned Greifeld the less-than-flattering tag ...

/wholesale

Paul Penrose

Paul Penrose Head of Research at Finextra

Where the wind blows

It’s been a long time coming, but Joe Public, and the companies that serve him, are finally wising up to the risks and challenges posed by global warming. This week saw the publication of no less than three separate reports - by Lehman Brothers, UBS and the Financial Services Authority - highlighting the perils posed by human-induced climate chang...

/regulation /wholesale

Paul Penrose

Paul Penrose Head of Research at Finextra

ING boss gets personal online

Let’s face it – business videos and podcasts on the Web are a real turn-off. The medium itself has plenty of potential – and at Finextra we’ll be looking to produce more audio/video content over the coming months – but the application of the technology in the business space is all wrong. How many times have you tuned into a Webcast only to tune ...

/retail Video extravaganza

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