Former IF chief Spowart targets IFAs with Adventi


finextra news: Former IF chief Spowart targets IFAs with Adventi

12 March 2004 – Jim Spowart, a key player in the rise of direct banks Intelligent Finance (IF), Standard Life Bank and Direct Line, has joined small Scottish IT support firm Adventi as director of business strategy and invested a six-figure sum in the business.

Spowart, who stepped down as chief executive of IF last year, had been expected to return to financial services with a new play on the direct banking model.
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Notebook Sales Grow


Most Wanted: Notebook Sales Grow

Published: February 23, 2004

he notebook PC is becoming the computing equivalent of a second car in many households. Notebooks finished off last year with strong sales, continuing to grab a growing share of the consumer PC market, NPD Techworld reported last week.
Mobile machines accounted for more than 35 percent of all PC’s sold in retail stores last year, up from 29 percent in 2002 and 23 percent in 2001, the research firm said. Measured in dollar terms, consumer desktop and notebook sales are even.
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Symbian shareholders set to block Nokia control


Times Online – Newspaper Edition

By Nic Hopkins and Dan Sabbagh

MINORITY shareholders of Symbian, which makes technology for mobile phones, are aiming to prevent Nokia from acquiring a 63 per cent stake in the group through the purchase of Psion�s 31.1 per cent stake for 135 million.
The shareholders, which include Sweden�s Ericsson and Siemens, of Germany, are understood to have decided to take up their right to acquire a share of Psion�s stake on a pro rata basis, which would limit Nokia�s possible shareholding to 46 per cent.
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T l com offers 4bn for internet provider


Times Online – Newspaper Edition

By Nic Hopkins

FRANCE T l com yesterday offered �3.9 billion ( 2.62 billion) in cash and shares to acquire the remaining 29.4 per cent of Wanadoo, Europe�s second largest internet service provider and the owner of Freeserve.
The French group said that by taking ownership of Wanadoo it hoped to take full advantage of surging profits at the company.
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Egg still hatches sale plan as results dismay


Times Online – Newspaper Edition

By Caroline Merrell

EGG, the internet bank, said yesterday that it was still in talks with potential buyers over its 1.2 billion sale, as it unveiled worse then expected full-year losses.
The loss of 34.4 million was more than double the 16 million loss recorded for 2002.

The bank, majority owned by the Prudential, was put up for sale at the end of last year, in the wake of that online bank�s disastrous foray in to the French banking market.
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Alliance & Leicester adopts direct bank model as customers warm to self-service


finextra news: Alliance & Leicester adopts direct bank model as customers warm to self-service

20 February 2004 – UK bank Alliance & Leicester is redefining itself as a “direct bank with a high street presence”, amid growing evidence that customers are becoming even more confident in using technology to process their financial transactions.
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RBC Royal Bank boosts availability of online banking


IBM case study on Royal Bank of Canada

On July 28, 1972, during the dawn of electronic banking, headlines in Toronto newspapers read: “Tomorrow morning at 9 a.m. the Royal Bank will open and never close again.” The story referred to the launching of RBC Royal Bank’s automated teller machine (ATM) network. With ATMs, call centers and now Internet banking, customers have had more than 30 years to grow accustomed to electronic banking. They depend on 24×7 availability, and RBC Royal Bank strives to ensure that its systems meet its customers’ demands.

With more than 12 million customers, 2.1 million online customers and approximately 58,000 employees around the globe, Toronto-based RBC Royal Bank is determined to maximize the availability of its Internet banking Web site by all means necessary. RBC Royal Bank has offered Internet banking since 1995 and has been using IBM WebSphere MQ for almost as long to integrate its core banking systems with its Web-based front ends. RBC Royal Bank counts on the reliability of WebSphere MQ message delivery to ensure completed transactions and high Web-site availability.
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Banking Embraces the Information Age


allAfrica.com: South Africa: Banking Embraces the Information Age

Johannesburg)
January 22, 2004
Posted to the web January 22, 2004
Warwick Ashford
Johannesburg
A new banking concept centred on providing information to enable financial decisions has been launched by First National Bank (FNB) to meet the needs of information age customers.
FNB unveiled its “designer banking” concept at a multimedia event showcasing local musical, dancing and fashion design talent in Johannesburg last night. The concept is set for national roll-out to the bank’s branches early next month.
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Why corporate blogs aren\’t


From the "dot communist". I think the reasons given against, are precisely the reason why corporate blogs will work. Admittedly it will require risk taking by company's prepared to permit unedited publishing direct to the consumer but thats where the conversations will begin. the dot-communist Here's something to chew on: Can a publishing company ever really publish a weblog? Should it even try? Weblogging is *micropublishing*; it is to corporate media websites what 'zines are to paper publishing. So, when a publishing company posts content that has gone through an editorial vetting process using weblog software, is it (a) a … Continue reading Why corporate blogs aren\’t