April Wu

China Market Strategy

November 5, 2014

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Banking News This Week – Nov 05

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

1 – Africa: Survey Shows Huge Growth Potential for E-Retailers in Africa

Africa offers enormous growth potential for e-retailers given that online shopping is in its infancy in the region. The recently released ‘Shop the World!’ report reveals that emerging markets offer the highest growth potential for the e-commerce industry. >>

2 -Tanzania: First Mortgage Bank Arrives in Tanzania

Mortgages Finance Tanzania Limited is a greenfield mortgage finance bank being set up in Tanzania in partnership with Bank “M” Tanzania Limited, a local bank.Bank M Tanzania Limited (Bank M) is a fully-fledged commercial bank and one of the fast growing commercial banks in the country. >>

3 – Banks in emerging markets invest to gain innovation leadership

Banks in emerging countries such as India, Brazil, Malaysia and Russia are more likely to have an innovation strategy in place and invest in R&D so as to become innovation leaders, says an Infosys-Efma study. >>

4 – Banking, finance firms to spend Rs469 billion on IT in 2014: Gartner

“New bank licences will be soon granted by RBI. This will trigger a new wave of IT spending across the country as RBI’s goal is to reach a higher local penetration for banking services, and this means more branches,” said Vittorio D’Orazio, research director at Gartner. “Front-office technologies, such as branch-related hardware and software, will be the sweet spot, as well as new channels such as mobile and ATMs/kiosks.” >>

5 -Bank of China partners IBM to build first smart branch

The new flagship location aims to provide an outstanding customer experience through the use of big data and analytics, mobile and social business tools. This flagship branch will serve as the model for all future Tianjin Branch of BOC locations. >>

Also worth reading:
Will Mobile Banking End Branches?
4 Chinese Internet Companies Betting On Mobile Banking
Banks Tapping New Potential in Asia