April Wu

China Market Strategy

July 13, 2016

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Banking News This Week – Jul 13

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

1 – Fintech impact on banking seen limited

CIMB Research said in a report that the fintech revolution would have a bigger impact on other industries, this despite predictions that fintech would disrupt banks’ business the world over. >>

2 – Thailand: Krungsri shifts focus to digital banking

Digital disruption in the financial industry has forced Thailand’s fifth-largest commercial bank by assets – Bank of Ayudhya, which is branded as Krungsri – to consider new services to cope with an increasingly complex global financial ecosystem, for which it has revamped its e-business organisation accordingly. >>

3 – Vietnam banks see 2016 credit growth up 20.4 pct on yr: Central Bank

The Southeast Asian nation has targeted credit growth of 18 percent to 20 percent this year, up from 17.26 percent in 2015, as the economy expands, following growth last year that was its strongest since 2007. >>

4 – Transactions at Standard Bank branches declined to less than 5%

When was the last time you conducted a bank transaction at one of your bank’s branches? By Standard Bank’s count, the amount of people who do so (or use an ATM) has dropped to less than a mere 5%. >>

5 – Standard Bank focuses on digital, mobile banking

Standard Bank has seen its mobile traffic growing 100% a year as customers embrace more convenient and efficient solutions for their banking needs. >>

Also worth reading:

Mobile Banking Boom In Emerging Markets
(Video)Doing Business In Emerging Markets – Banking Sector
4 Chinese Internet Companies Betting On Mobile Banking
Banks Tapping New Potential in Asia