April Wu

China Market Strategy

October 29, 2014

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Banking News This Week – Oct 29

The top 5 banking news stories in emerging markets this week.

banking news_cover

1 – The death of the branch? Or is mobile over-hyped?

Do banks still need branches, or does the smartphone make a physical presence obsolete? Panellists disagreed during a spirited debate hosted by ATM maker Wincor Nixdorf in Istanbul last week. >>

2 -Online financing, rising costs squeeze profits at China’s midsize banks

Squeezed between cut-throat competition from online financing firms and rising funding costs, China’s midsize banks are falling out of investors’ favor as they increasingly lag behind the country’s top five lenders. >>

3 – Contact centre boost for African banks

The banking sector in Africa is becoming increasingly competitive on the continent. Contact centres can provide financial service organisations with an edge. They can assist to improve customer service, drive sales, lower the cost of products, ensure compliance and better manage risk. >>

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April Wu

China Market Strategy

October 28, 2014

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Retail News Roundup – Oct 28

The top 5 retail news clips in Asia this week.

Newspaper

1 – Apple CEO says to add 25 stores in China within two years: Sina

Apple Inc Chief Executive Tim Cook said the company is planning to open 25 retail stores in China within the next two years, according to a Chinese transcript of an interview posted by web portal Sina.com. >>

2 - LVMH keen on Asian market

Asia remains an important region for Hublot, the LVMH-owned luxury watch group, though an anti-corruption crackdown in China has reduced demand. Jean-Claude Biver, LVMH Group president of the watches division, considers market consolidation healthy as it creates a good base to build on. >>

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Bruce Berkman

CEO

October 24, 2014

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Doing Business In Emerging Markets – Banking Sector – getchee Tools

A video interview series featuring Bruce Berkman, CEO and Founder of getchee

In this video series,  Bruce Berkman, CEO and Founder of getchee will discuss banking business in emerging markets. Bruce will talk about how banks use mobile devices for landing and risk management processes, managing gap between working execution level and management level, smart and felixible tools for bank process, business continuity and more.

Subscribe now to receive the new updates each week.
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April Wu

China Market Strategy

October 22, 2014

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Banking News This Week – Oct 22

The top 5 banking news stories in emerging markets this week.

banking news_cover

1 – Official Launch of Ant Financial Services Group Brings New Financial Ecosystem to China

Small and Micro Financial Services Company today announced its official name change to Ant Financial Services Group (“Ant Financial”). Formerly known as Small and Micro Financial Services Company, Ant Financial initiated its formation process in early 2013 and is comprised of Alipay, Alipay Wallet, Yu’e Bao, Zhao Cai Bao, Ant Credit and MYbank which is currently being established. >>

2 -Kenya: 93 Percent of Kenya’s Consumers Using Mobile Devices for Banking

Kenya remains the king of mobile banking, with 93 per cent of consumers using their mobile device to perform banking, but there is also significant usage in the Middle East (78 per cent) and Nigeria (85 per cent up from 76 per cent in 2013). >>

3 – Banks Face Powerful Competitors In The Payments Business

The global payment business is growing at a healthy pace and by 2018 will account for 43 percent of all banking revenue.The digital transformation of payments, particularly through smartphones and tablets, is helping to grow merchant payments. >>

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April Wu

China Market Strategy

October 21, 2014

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Retail News Roundup – Oct 21

The top 5 retail news clips in Asia this week.

Newspaper

1 -Courts Megastore arrives in Indonesia, to open 12 more stores in Greater Jakarta

Courts Asia, the operator of big-box retailer Courts Megastore, expects to book up to USD25 million in sales at its first Courts Megastore in Indonesia over the next year, backing on the country’s expanding middle-class population. >>

2 - Department Stores Fight Back From Online Challenge

Global sector set to rise 22% to $450b by 2019, as investment pays off in store revamps and e-commerce; Asian, Middle East investors pounce on Western chains. >>

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