1205 Results from 2008
Paul Penrose Head of Research at Finextra
A variation on this stat has been doing the rounds for a few weeks now, so forgive me if you've seen it before. I picked this up from the aptly-named Doomsday Report blog. In October last year, RBS paid $100 billion for ABN Amro (80% cash), and faced a fair amount of shareholder opposition to the valuation. If they were to use that money today, ac...
10 December 2008 /retail /wholesale Finextra50 fintech index
Retired Member
So you’ve worked hard and got your degree – but is that enough? Some think not. The CBI is urging more universities to prepare students for the world of world by teaching them soft skills like communication and time management. The organisation’s research showed that companies found employability more important than degree subject when recruiting ...
10 December 2008 Women in Technology
Olivier Berthier CEO at Moneythor
... as a saviour or a culprit? For years, trade finance has quietly gone about its own business providing the essential oil that keeps the cogs of commerce turning. It was never a dinner party topic and few people outside the industry had even considered it, until excessive lending and the ensuing credit crunch has thrust trade finance into the li...
10 December 2008 /payments /wholesale Financial Supply Chain
Elton Cane Digital product delivery at News Corp Australia
I was speaking to a software vendor last night who recently had a big project go live at one of the UK's largest banks. When the project was first signed, the vendor was quite a small company (though it has since been acquired). Because of its size, they had to jump through all sorts of hoops to get the deal done, with the bank quite sensibly wanti...
10 December 2008 /payments Finextra50 fintech index
Maybe Ally Dally and GB are cleverer than some people thought. I know it's early days, but it's possible that the recovery of bank share prices could ultimately save the country descending into bankruptcy. Would the public then pat the bankers on the back...? I thought not... Take RBS as an example. Buying £12 billion of shares at 65.5. and se...
09 December 2008 /retail Transaction Banking
It depends on the goal of the site. Financial product comparison services like moneyaisle.com or filife.com are more an opportunity than a threat to the banks. If a bank has good products or conditions, the customers will choose it by browsing on an independent site. This means a minimal investment of listing from the bank and, of course, the pre...
09 December 2008 Finance 2.0
Peter Kinahan Senior Consultant at Intuition
Although Quicken has been around for decades, it's new tool is just another example of how innovation in the online personal financial services sphere is being driven, not by banks, but by more imaginative outfits (often newcomers such as Mint and where Wesabe). The result: banks are steadily surrendering their franchise in personal finance as th
09 December 2008 /retail Finance 2.0
Merrill Lynch CEO John Thain has a reputation as the smartest guy on Wall Street. But his request to the bank's board for a $5-$10 million bonus for rescuing Merrill Lynch from a fate worse than Lehman was not only crass and insensitive, it was also just plain dumb. Does Thain - a multi-millionaire from his days at Goldman Sachs - really need the...
09 December 2008 /wholesale
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
EU published some figures on cost of handling cash - 50bn per year - and the consumer pays every cent of it - without knowing how much we would all save by keeping money in digital form all the way with the help of plastic cards (which of course will disappear when their functionality moves to mobile phones in due course). It would be interesting ...
09 December 2008
I've been busy lately pursuing Democratic Identity. DI. Forget your regular ID, that's been stolen. It's been stolen by criminals and mismanaged by governments. The criminals are busy robbing computer users of an estimated $100 billion a year, and governments have failed to deliver any reliable identity to citizens. It isn't the money that is the ...
08 December 2008 Whatever...
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