Tuesday, February 15, 2011

Deutsche Telekom Might Buy a Bank or Payment Prcoessor?

Deutsche Telekom, Europe’s largest phone company, may “have financial relationships and perhaps own a financial entity” to support its mobile payments and banking efforts, Chief Technology Officer Ed Kozel said. Kozol did not elaborate, but becoming an "issuing bank" or a "payments processor" are the logical possibilities.

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On the Use and Misuse of Principles, Theorems and Concepts

When financial commentators compile lists of "potential black swans," they misunderstand the concept. As explained by Taleb Nasim ...