Regulation

Banks wasting billions on inefficient clearing

So the morning continues with the innotribe team discussing digital identities, with contributions from a wide range of folks, including: Azeem Azhar, CEO, Peerindex Scott David, Partner, K&L Gates LLP Tony Fish, Founder/CEO, AMF Ventures Mary Hodder, Chair, Personal Data Ecosystem Consortium Michael Ouliel, Founder and CEO, Ripples HLS Group Drummond Reed, Chairman and Chief Trust Officer, Connect.Me; Co-Chair, OASIS XRI…

Sweet

The similarities between banks and landmines

Last night I was presenting to the MAG-net group. MAG-net is the networking group in the City for the Mines Advisory Group, MAG, a charity supported by the Financial Services Club and others that clears areas of mines so that schools, villages and life can continue as it should in post-war territories. They invited me…

Goldman sachs

Bickers over Vickers: the right stuff?

So the Vickers Report has finally crept out into the wilderness. All 358 pages of it. Half of it talks about how to increase the competitiveness of banking and the other half about what to do if a bank fails in another crisis. The latter has garnered all the news headlines, whist the former has…

Graphic-osborne_646095a

Release: 2011 Survey on the Health of European Payments

Survey reveals that SEPA and the PSD are progressing but liquidity risk needs addressing Research finds liquidity risk is a major potential exposure for the future and calls for more automation The Financial Services Club and Logica revealed the results of their annual research into the state of play in European Payments and the progress of…

Release: 2011 Survey on the Health of European Payments

Survey reveals that SEPA and the PSD are progressing but liquidity risk needs addressing Research finds liquidity risk is a major potential exposure for the future and calls for more automation The Financial Services Club and Logica revealed the results of their annual research into the state of play in European Payments and the progress of…

Bribery, corruption and banking

I’m sitting in a restaurant the other day, and hear the following conversation … Banker One: “So what’s this Bribery Act thingamajig?” Banker Two: “New Law.  Came into force July 1st.” mnum, yum, mnum. Banker One: “Yea, I know that”, mnum yum. “I meant what does it mean?” Banker Two: glug, glug.  “Can’t take a bung…

The real rip-off culture … is not Wonga? Part Two

One of the more outspoken reactions to my post on payday firms came from Wonga. Not surprising as my original headline was that “Wonga will wrestle with regulators”, and they will as the markets are pretty unregulated today.   A point I made last Friday.  I also mentioned last Friday that the original reason I wrote…

Wonga

The real rip-off culture … is not Wonga? Part Two

One of the more outspoken reactions to my post on payday firms came from Wonga. Not surprising as my original headline was that “Wonga will wrestle with regulators”, and they will as the markets are pretty unregulated today.   A point I made last Friday.  I also mentioned last Friday that the original reason I wrote…

Wonga

The real rip-off culture? Part One

Further to my write-up about Wonga the other day, I have been contacted by author and campaigner Steve Perry, who has been on the wrong side of the payday loans industry. Now don’t get me wrong.  I am NOT against payday loans firms or their operations (I actually admire Wonga's technology ops).  I AM against the…

PayDay UK

The real rip-off culture? Part One

Further to my write-up about Wonga the other day, I have been contacted by author and campaigner Steve Perry, who has been on the wrong side of the payday loans industry. Now don’t get me wrong.  I am NOT against payday loans firms or their operations (I actually admire Wonga's technology ops).  I AM against the…

PayDay UK