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Patni implementing Chordiant CRM for Akbank

21 November - 11:53 AM

Patni Computer Systems has won a new contract with Akbank. The system integration deal will see Patni implementing Akbank's new customer relationship management product from Chordiant Software, over the next 16 months. The new CRM...

First Direct launches social networking site

21 November - 11:29 AM

HSBC-owned telephone and internet bank First Direct has launched an online social network to try and help generate a sense of community and allow the sharing of recommendations amongst its UK customer base. Built by...

Virtual data rooms boom for distressed assets

21 November - 11:25 AM

The credit crisis is fuelling a boom in distressed asset transactions, according to Merrill DataSite. A study commissioned by the company reveals that 10% of its virtual data rooms in 2008 have been used to...

Massive management restructure for Instinet Asia

19 November - 11:46 AM

Instinet has announced a new management structure for its Asia-Pacific business following the move of Joseph Marchal to the position of Asia-Pacific chief executive for Instinet's Chi-X business line. The firm's new regional management structure...

Blog Spot

Federal regulation of insurance in the US?

Posted on 12 November 2008 by Tom Groenfeldt


Strange as it may seem to outsiders, the insurance industry in the US is regulated state-by-state, a nightmare for Canadian and European companies trying to break into the market, and no fun for consumers who...

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Green banking, sort of

Posted on 11 November 2008 by Tom Groenfeldt


I wrote a piece about green banking that appears in the  latest issue of Banking Technology. It includes steps being taken by Citi and Bank of America, among others. So I was amused the other day to get...

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Predictions for Obama Economics — Financial Insights

Posted on 11 November 2008 by Tom Groenfeldt


What will the next administration do? Financial Insights ventures some predictions. “Financial Insights expects more legislation to protect consumers, incentives to reduce off-shoring, federal regulation of the insurance industry, more bank failures, and streamlining of banking regulatory...

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Industry Analysis

Happy Birthday, MiFID

11 November - 03:13 PM

The Markets in Financial Instruments Directive was conceived by the European Commission as part of the Financial Services Action Plan, a huge initiative intended to create a pan-European financial services marketplace that will give the...

Back To Basics padlock

11 November - 03:11 PM

The securities industry is a different place than it was a few months ago. Major financial institutions in the US and Europe have been through forced sales, mergers and government bailouts. Now the focus is...

Not just a lot of hot air ...

11 November - 03:08 PM

Although green initiatives have the markings of a fad, and vendors are tripping over themselves to tout their own particular technologies as environmentally friendly, environmental concern is a business trend that will continue to grow,...

Comment: The 12 step programme

11 November - 03:04 PM

Having to deal with the IT programme from Hell is no joke. Perhaps implementation is late and over budget, or the QA process has stalled, or you have no visibility of the development. Maybe the...

Comment: Youthful mobility

11 November - 03:01 PM

As retail banks struggle to find new ways to differentiate themselves, mobile banking is becoming a hot industry topic. As with any innovation, banks need to consider a number of issues before they take the...

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