Payments

Sep 22, 2009

Telefonica O2’s Money ads launched

On return from Hong Kong, some of us switched on the major Mancunian derby of United versus City. Like most policymakers, the referee made up new rules at the end of the game to let United win but hey, get over it. In the half-time drizzle, I did note however that Sky Sports ran a…

Sep 22, 2009

Telefonica O2’s Money ads launched

Sep 18, 2009

Citi spent $1 billion on transaction services

Earlier this week, I noted that Citi were advertising the fact that they spent a billion dollars on global transaction services (GTS) in 2009. This is an investment in new infrastructure that delivers global real-time transaction services fit for the 21st century, and was one of the core messages on their booth at SIBOS: For…

Sep 18, 2009

Citi spent $1 billion on transaction services

Sep 17, 2009

Is there any innovation here? Nope

After the innotribe stuff, it was off to a panel debate about “payments innovation”. This session was described as follows: “The crisis has put the emphasis back on traditional banking and sources of revenue, with payments coming to the fore again. Yet payments are also seen as a commoditised, legacy business where scale is everything….

Sep 17, 2009

Is there any innovation here? Nope

Sep 16, 2009

Regulate for what’s needed, not politics

Just went to another great plenary session discussing whether transaction banking will be the engine for the next phase of sustainable growth and moderated by Karen Cone of TowerGroup. The panel consisted of the heads of global transaction banking from some of the largest banks: Werner Steinmuller of Deutsche Bank Andrew Long from HSBC Catherine…

Sep 16, 2009

Regulate for what’s needed, not politics

Sep 16, 2009

Awake and asleep

Tuesday felt like seven days in one and so it is no wonder that I find myself awake when I should be asleep and asleep when I should be awake … or is that just the time zone or the drink, one asks? So now it's Wednesday and day three of SIBOS. A few more…

Sep 15, 2009

Can we get Asians to spend rather than save?

Not surprisingly I’ve now turned in from the conference for the day absolutely knackerood. After the 10k marathon of going up and down from ground to third floor and back all day, between the two exhibit halls, conference rooms, plenary and breakout sessions, toilets and you name it, me feet are falling off. Not that…