April Wu

China Market Strategy

February 11, 2015

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Banking News This Week – Feb 11

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

1 – Pan-African Banks Expansion Could Boost Systemic Risks

A recent report noted that pan-African banks have a systemic presence in around 36 countries and are now more important than the continent’s long-established European and American banks.  >>

2 – Bill Gates predicts leap in mobile banking in Africa by 2030

The Co-Chair of the Bill and Melinda Gates Foundation, Mr Bill Gates, has predicted that by 2030, 80 per cent of African adults without accounts would be banking with their mobile phones.  >>

3 – Top Indonesia Banks Are Strong Without Needing to Merge: BNI

Indonesia’s biggest banks, among the world’s most profitable, are strong enough to face down overseas rivals without the need to merge with Southeast Asia’s economic integration.  >>

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April Wu

China Market Strategy

February 4, 2015

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Banking News This Week – Feb 4

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

1 – Alibaba arm seeks to use police face scans to open bank accounts

Alibaba Group Holding Ltd’s financial arm is seeking regulatory approval to access the Chinese national police’s database so consumers can open online bank accounts with a mug shot.  >>

2 – Most valuable banking brands in South Africa

All but two of South Africans banks have slipped down the rankings of the top 500 banking institutions in the world.  >>

3 – Mobile Money Continues to Prove to be the Way Forward for Banking in Sub-Saharan Africa

For the past few years, the explosive growth of mobile financial services (which includes mobile banking, mobile payments and mobile money transfers) in Kenya and other countries in Sub-Saharan Africa has indicated that the future of banking on the continent will be through mobile phone accounts rather than brick and mortar locations.  >>

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April Wu

China Market Strategy

January 28, 2015

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Banking News This Week – Jan 28

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

1 – Africa: Mobile Banking Will the Help the Poor Transform Their Lives

The key to this will be mobile phones. Already, in the developing countries with the right regulatory framework, people are storing money digitally on their phones and using their phones to make purchases, as if they were debit cards. >>

2 – Insiders Call for Integration between Internet Financing and Banks

Chinese financial industry observers are calling for an integration of the country’s traditional financial institutions and the emerging internet financing market. >>

3 – Banks taking over financial firms shapes a growing trend

VietNamNet Bridge – Marriages between banks and financial firms are forecast to be vibrant this year, but industry experts assume such deals could bring banks both advantages and disadvantages. >>

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April Wu

China Market Strategy

January 21, 2015

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Banking News This Week – Jan 21

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

1 – How One Woman Is Changing Business Lending In Africa

A vast majority — 85% — of micro through medium size enterprises in emerging markets suffer from a lack of access to credit, according to the International Finance Corporation and McKinsey. >>

2 – KTB keen on expansion of GMS business

State-owned Krungthai Bank (KTB), the country’s largest bank by assets, is placing importance on payments, product development and partnership in its drive towards inclusive business development in the Greater Mekong Subregion (GMS). >>

3 – China Boots Up an Internet Banking Industry

Cyberspace borrowing is coming of age thanks to financial reforms and the arrival of online-only WeBank and ZBIC. >>

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April Wu

China Market Strategy

January 14, 2015

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Banking News This Week – Jan 14

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

1 – How Omni-Channel Banking Fuels the Rise of China’s Middle Class

Banking is on the move. While the in-branch visit remains a pillar of the banking experience, more and more customers now choose to interact with their financial institutions via online and mobile banking, ATMs or phone chats with call center agents. >>

2 – Vietnam Joint Stock Commercial Bank : considers major mergers in 2015 to clean up its banks

Some of Vietnam’s lenders may merge with each other this year as part of efforts to help to clean up the country’s fragmented banking sector, which is weighed down with bad loans after a decade of rapid expansion. >>

3 – Big foreign banks seen entering PH this year

Foreign banks are preparing their entry into the Philippines following the lifting of ownership restrictions last year, which now opens up the financial system to more global players. >>

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