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The Finanser's Week: 26th March - 1st April 2012

April 1, 2012 by skinnercm   Comments (0)

Our biggest stories of the week are ...

Use your face and thumb to pay

No, it's not biometrics ... it's a bit weird actually. Just received a link from Matt Cross to a video of a new service that launches this Sunday, and claims to use your face and thumbs-up as a payment approval:... 

Half a billion dollars jackpot in my sights

It’s my last day in the States and off to the New York Stock Exchange to join TEDx Wall Street – the first one ever! Staying in downtown New York is as mad as ever, but fun. What’s really fun is the lottery fervour fever. Everyone’s talking about the lottery called Mega Millions.

Have you taken our survey on European Payments yet?  Click here to take the survey and get a free copy of the research report in May.

 

I recently blogged about less cash and less branches, rather than cashless and branchless, and thought I’d follow it up with two quick stories. First, is my experience in New York this week. Went to the ATM and, as usual,...

 

I was asked to keynote at the ISITC 18th Annual Industry Forum & Vendor Show in Boston this week. Knowing that it’s always important to pull the chain a little bit, I put forward the title: “The next mega global...

Have you taken our survey on European Payments yet?  Click here to take the survey and get a free copy of the research report in May.

 

I see more and more these days about cybercrime. The latest thing was a survey that landed in my inbox from PwC, which finds that cybercrime is the second most common economic crime affecting companies in the financial services sector...

 



I misrepresented a key issue with the discussions on the future of SWIFT in my blog entry last Friday, so thought I would write a follow up here, as it is THE key issue the network community faces. Who owns...



Have you taken our survey on European Payments yet?  Click here to take the survey and get a free copy of the research report in May.

 

The major general news stories of the week include ... 

London and New York 'top cities' - BBC

London and New York will remain the most important world cities for wealthy individuals over the next decade, research suggests.


Barclays most complained about bank - The Telegraph

Barclays was Britain's most complained about bank in 2011, generating more than 500,000 customer complaints last year, according to figures published by the Financial Services Authority (FSA).


It's time for the FSA to take mis-selling seriously - The Telegraph

Today we reveal more details of how banks sold complex and loss-making contracts to small businesses, often breaking rules.


RBS admits thousands of SMEs were sold interest rate swaps - The Telegraph

Royal Bank of Scotland has broken ranks with its high street peers to reveal that it sold controversial interest rate swaps to thousands of small businesses.


JPMorgan Chase in 'missing' decimal point contract blunder - The Telegraph

One of the world's biggest investment banks, JPMorgan Chase, does not have to pay a trader nearly $1 million despite making a decimal point blunder in a botched employment contract, a British judge ruled.


VIDEO: Merkel: Britain must decide on Europe - BBC

The German Chancellor, Angela Merkel, has told the BBC that the British have to decide for themselves to what extent they wish to be part of Europe.


Mobile payments companies link up in £109m deal - The Independent

The mobile payments firm Monitise has acquired its US counterpart Clairmail for £109m as the market for banking and shopping by phone hots up.


Coutts fined £9m for failures in money laundering controls - The Telegraph

The "Queen's bankers" Coutts has been fined £8.75m for failing to perform adequate controls on money handled on behalf of high risk customers, including Politically Exposed Persons.


Blame Brussels, not us, says FSA after Prudential attack - The Telegraph

The City watchdog has hit back at claims by Prudential that its policies are "ludicrous" and "horrendous", insisting it is just the middle man between government, Europe and industry.


The Goodwin Effect: Enter Fred, exit staff and client - The Independent

Still widely blamed for running one of the world's largest banking organisations into the ground, the curse of Fred the Shred appears to have struck again. An architectural firm which hired the former RBS banker Fred Goodwin as an adviser is now facing difficulties.

 

If you like the Finanser, check out the books of the blog: the Complete Banker Series

 

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