Archive for August, 2010

Farewell, parting is such sweet sorrow…

Friday, August 27th, 2010

Well this is farewell then, as I am departing Financial Sector Technology (FST) after five and a half years in charge as editor. It's been a rollercoaster journey since joining in January 2005 as the sector has gone from boom to bust, but I've thoroughly enjoyed the ride! Many things ...

Busker only accepts contactless payments

Friday, August 27th, 2010

In an entertaining publicity stunt organised by Barclaycard, the UK's first ever cashless busker was unveiled yesterday in Soho Square, London. Accepting contactless cards only, busker Peter Buffery, strummed on his specially designed guitar, which was fully equipped with contactless technology at the neck so that listeners could make a ...

Guest Blog: Controlling expenses

Friday, August 13th, 2010

David Vine, CEO of GlobalExpense, believes that financial services companies are both missing a trick to save money on the bottom line, and failing to strategically manage their business’s second largest controllable cost, by paying scant attention to their employee expenses system. He cites the firm’s recent Employee Expenses Benchmark ...

Bank results show improving profits but a net lending reduction to SMEs

Friday, August 6th, 2010

With most of the results for the first six months of this year now in from Britain's leading High Street banks, a clear and welcome trend of rising profits and rapidly improving capital bases is evident. HSBC saw its pre-tax profits more than double to £7bn, with Barclays almost matching ...