綠色BN
2014-09-24

Banking News This Week – Sep 24

The top 5 banking news stories in emerging markets this week.
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1 – ‘Dinosaur’ Private Banks Face Tech Threat, ABN Amro Says
Private banks that fail to embrace information technology and mobile services are at risk of becoming “dinosaurs,” says an executive at ABN Amro Group NV.
>>

2 – DSWD, BPI Globe BankO try to achieve financial literacy for the poor
The Department of Social Welfare and Development (DSWD) is seeking to teach Filipinos the habit of saving through its sustainable livelihood program (SLP) and the financial literacy program of Bank of the Philippine Islands (BPI), Globe Telecom Inc. and mobile banking arm BankO. >>

3 – The brave new world of mobile banking
Let’s see how mobile has changed banking at a fundamental level. Firstly, of all known channels it affords the most direct and instantaneous connection between the bank and its customer. Secondly, it has raised the ante for the quality of software that a bank deploys – customer experience, performance and width of services have become critical. >>

4 – How mobile banking grew in India over the last two years
One in 25 mobile users in the country used mobile banking services last year and even though the value of transactions through the mobile rocketed almost four times, the growth in number of users and the volume of transactions slowed down in FY14 over FY13, as per data collated by the Reserve Bank of India. >>

5 – Orange links with African banks to expand mobile money services
The French telecoms group has struck a first deal with Bank of Africa that will allow customers to transfer money between their Orange Money account and their bank account with a mobile phone. >>


  By April Wu 
  China Market Strategy

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