Ketharaman - As someone who has run a headunting and consulting business in the IT field in finance for 35 years I can assure you that any recruitment business seeking to fill a senior role is expected to carry out due dilligence before putting the candidate forward, let alone after the event. I have to admit I have no knowledge of what happens if the organisation advertises and recruits direct but, again from experience, they usually outsource the responses to an ad to a recruitment company to whittle down the list to a manageable number (it is not unusual to get thousands of responses to an ad). As a result, I think that it is highly unlikely that the OCC did not get outside help, but in this latter case they would not check references.
27 Nov 2023 12:41 Read comment
If he was recruited via an agency, the name of the agency should be named and shamed and pursued for damages. If he applied directly through an advertisement, the Head of HR at the OCC should be fired. One or the other should have taken up references from his last two listed empoyers and also contacted his university. One also hopes that they have pusued him to pay back all monies paid to him.
24 Nov 2023 22:17 Read comment
As someone with numerous VADDs (Variable Amount Direct Debits) on their bank account to pay everything from credit cards, council tax, insuance policies, etc., I can see very little difference. VADDs have been in existence for more than 40 years and work well. They are not very difficult to set up.
14 Nov 2023 09:09 Read comment
I was taught never to put all of my eggs into one basket. The reason that I use multiple financial institutions is to safeguard my money. If one gets into trouble, I still have access to funds elsewhere. What juristiction would X Bank fall under? If US, then I would definitely not bank with it.
13 Nov 2023 13:57 Read comment
Having spent 17 years as a Coutts customer and one year with HSBC Premium (which was a disaster), I moved to Nationwide Building Society and have not looked back. They are excellent. Who needs a neobank?
08 Nov 2023 09:30 Read comment
Why is the bank not named?
07 Nov 2023 12:50 Read comment
Nowhere in this article is the bank named.
06 Nov 2023 10:20 Read comment
But they have still managed to close two of my local branches - Whetsone & Southgate. In addition, the Moorgate Branch, which is my work branch, is closed on Mondays & Thursdays. Yes, they are doing better than most of the high street banks, but I am not impressed by the PR.
09 Oct 2023 16:47 Read comment
The last paragraph is the key. If banks charge ahead with instant payments without Confirmation of Payee (CoP) fraud is going to excalate at an alarming rate.
02 Oct 2023 08:48 Read comment
Time for hackers to target Russian Banks
20 Jun 2023 23:52 Read comment
Ben BradleyManaging Director at Macon Raine
James MaxfieldManaging Director at Ascendant Strategy Ltd
Svetlio TodorovManaging Director at emerchantpay
Maximilian SchausbergerManaging Director at Elevator Ventures
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