April Wu

China Market Strategy

October 5, 2016

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Banking News This Week – Oct 5

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

1 – CIMB Bank gets licence to operate full subsidiary in Vietnam

CIMB Bank has obtained the licence to operate in Vietnam, and aims to start offering the full range of commercial and retail banking products in the country by December. >>

2 – Fintech adoption to increase soon, PwC partner says

Many Thai banks have been either doing business related to fintech or joining hands with fintech start-ups to provide customers a greater variety of financial products and services. >>

3 – Thailand Banking Industry Report – 2016

This report profiles Thailand’s banking industry, discussing market trends through the first half of 2016 and outlook for 2016 and beyond. The report also highlights leading players in the sector including Siam Commercial Bank (SCB), Bangkok Bank (BBL), Kasikorn Bank (KBANK), Krung Thai Bank (KTB), and Bank of Ayudhya (BAY). >>

4 – Vietnam: Australia’s fastest growing ASEAN trade partner

Vietnam is now Australia’s fastest growing trade partner in Southeast Asia as a result of the ASEAN Australia New Zealand free trade agreement (AANZFTA), according to a recent HSBC report. >>

5 – Digital finance set to open opportunities in Africa

Digital finance has been hailed as a powerful tool that holds opportunities in the extension of basic services and financial inclusion across Africa. >>

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