綠色BN
2015-02-25

Banking News This Week – Feb 25

The top 5 banking news stories in emerging markets this week.
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1 – Report Uncovers 2015 Global Digital Banking Trends
The top ten digital trends covered in the Digital Banking Report (in no particular order) include: Increased Use of Customer Analytics, Expedited Deployment of Digital Delivery, Focus on Mobile-First Design. >>

2 – JPMorgan to Cut Costs, Charge for Some Deposits
JPMorgan projected nearly US$5 billion in lower expenses through 2017 with cuts in its corporate and investment banking, and consumer and community banking, segments.  >>

3 – China Rapid Finance Pre-Approves 50 Million Chinese Consumers for First-Time Loans
China Rapid Finance (“CRF”), a leader in Chinese marketplace lending and credit decisioning, today announced that it has extended pre-approved loan offers of 500 RMB (~US$80) to 50 million consumers including pre-screened users on QQ, Tencent’s leading social networking platform, with 820 million users, and customers of China Union Pay, China’s leading payment network. >>

4 – Banking Africa’s Unbanked Population is Not the Solution to Improved Inclusion
Banking Africa’s unbanked population–adults who don’t use formal banks or semi-formal microfinance institutions to save or borrow money–may not be the solution to providing wider access to financial products and services.  >>

5 – African Century to roll out branch network
African Century, which is registered as African Century Leasing, will soon roll out a branch network to enable it to collect deposits from members of the public who want to make savings, it has been established.  >>


  By April Wu 
  China Market Strategy

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