April Wu

China Market Strategy

August 18, 2016

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Banking News This Week – Aug 18

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

1 – BI launches e-money program for Indonesian fishermen

Bank Indonesia (BI) has launched its own e-money specially designed for fishermen, named the “Lantera Card”, as part of an effort to expand non-cash transactions in Indonesia. >>

2 – Japan:Big banks lay groundwork for business growth in S.E. Asia

Major Japanese banks are strengthening their support for small and midsize enterprises seeking to exploit markets in Southeast Asian countries. >>

3 – Foreign banks make beeline for Vietnam

The number of foreign banks, especially from ASEAN member countries, to invest in Vietnam has been increasing rapidly in recent years with the opening up of the banking sector as part of the Government’s commitment to international integration. >>

4 – More Malaysian consumers embrace digital banking

Malaysia is experiencing a higher mobile and Internet banking adoption rate with only 12.5 per cent of consumers found to have never tried digital banking at least once, according to the findings of a survey undertaken by the Asian Institute of Finance (AIF). >>

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April Wu

China Market Strategy

July 20, 2016

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Banking News This Week – Jul 20

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

1 – Standard Bank app launched in Uganda, Namibia, Ghana & Botswana

Standard Bank has broadened its horizons by introducing its Global Banking App to four additional African countries, namely Uganda, Namibia, Ghana and Botswana. >>

2 – Absa to pilot ChatBanking for Facebook Messenger

Absa has launched ChatBanking for Facebook Messenger to enable customers to conduct their banking without ever having to leave their favourite social media platform. >>

3 – Another Asian bank plans to operate in PHL

Another Asian bank is planning to expand in the Philippines, the central bank said, as the country’s lending sector continues to be attractive to big banks in the region looking for opportunities in light of a more integrated Asian financial system. >>

4 – Maybank launches m-banking app in Cambodia

With the launch of mobile banking app, customers in Cambodia will enjoy enhanced customer experience and greater speed when undertaking banking transactions over their mobile phones. >>

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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%. >>

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April Wu

China Market Strategy

July 6, 2016

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Banking News This Week – Jul 6

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

1 – In race to be Asia’s fintech hub, Singapore leads Hong Kong

Singapore is rushing to reinvent itself as Asia’s financial technology, or fintech, hub to fend off a regulatory threat to its wealth management industry and revive a sluggish economy. >>

2 – A WhatsApp Moment for Asia’s Banks

Remember paying an arm and a leg for text messages? Now all the telcos in the world combined can’t match WhatsApp’s 30 billion pings a day. Financial transactions will go the same way, and Asia may lead the trend, rather than following it a decade later. >>

3 – Asia-Pacific rides fintech growth wave

Major banks in Thailand are increasingly investing in fintech companies to develop innovative and efficient digital banking solutions for better customer service. >>

4 – Myanmar ‘SMEs in desperate need of new financing options’

The Myanmar government has been urged to find new approaches to boost financing for small and medium-sized enterprises (SMEs) as successful SMEs could help lower poverty in the country. >>

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April Wu

China Market Strategy

June 30, 2016

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Banking News This Week – Jun 30

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

1 – Philippine:AUB to double branch network

REBISCO group-led ASIA United Bank seeks to become a more significant player in the banking system by doubling its branch network while maintaining its long-term profitability at around 10-15 percent return on equity. >>

2 – RHB Bank eyes the affluent

Bank sees huge potential in this under-serviced segment and hopes to leverage on its regional links and expertise to help grow their investments. >>

3 – Forbes announces Vietnam’s 40 most valuable company brands

In the banking and financial sector, besides the three banks in the top 10 brands are other names: MBBank ($61.7 million), Phu Nhuan Jewelry (PNJ – $53 million), Techcombank ($39.7 million), Sacombank ($47.6 million), VPBank ($37.7 million), and ACB ($25.3 million). >>

4 – Korean banks lagging behind Asian rivals

Korea stands at rock bottom in terms of bank profitability and efficiency among major Asian countries, according to McKinsey & Company. >>

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