April Wu

China Market Strategy

October 22, 2014

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Banking News This Week – Oct 22

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

1 – Official Launch of Ant Financial Services Group Brings New Financial Ecosystem to China

Small and Micro Financial Services Company today announced its official name change to Ant Financial Services Group (“Ant Financial”). Formerly known as Small and Micro Financial Services Company, Ant Financial initiated its formation process in early 2013 and is comprised of Alipay, Alipay Wallet, Yu’e Bao, Zhao Cai Bao, Ant Credit and MYbank which is currently being established. >>

2 -Kenya: 93 Percent of Kenya’s Consumers Using Mobile Devices for Banking

Kenya remains the king of mobile banking, with 93 per cent of consumers using their mobile device to perform banking, but there is also significant usage in the Middle East (78 per cent) and Nigeria (85 per cent up from 76 per cent in 2013). >>

3 – Banks Face Powerful Competitors In The Payments Business

The global payment business is growing at a healthy pace and by 2018 will account for 43 percent of all banking revenue.The digital transformation of payments, particularly through smartphones and tablets, is helping to grow merchant payments. >>

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Bruce Berkman

CEO

October 17, 2014

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Doing Business In Emerging Markets – Banking Sector – Management Gaps

A video interview series featuring Bruce Berkman, CEO and Founder of getchee

In this video series,  Bruce Berkman, CEO and Founder of getchee will discuss banking business in emerging markets. Bruce will talk about how banks use mobile devices for landing and risk management processes, managing gap between working execution level and management level, smart and felixible tools for bank process, business continuity and more.

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April Wu

China Market Strategy

October 15, 2014

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Banking News This Week – Oct 15

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

1 -Messaging giant Line to launch mobile payment service in Japan

Japanese messaging app provider Line has introduced mobile payment and other new services that will be launched by the end of the year. >>

2 – Tweet to Pay as Bank Starts Twitter Money Transfers

Officials from Groupe BPCE, France’s second-largest bank by branches, and its online-payment unit S-Money will unveil details of the service tomorrow at a press event in Paris. Twitter users will be able to “send money to other users easily, rapidly, securely and free of charge with a simple tweet,” BPCE said last month in a statement previewing the feature. >>

3 – China calls on banks to boost mortgage securities market

The mainland’s central bank and banking regulator have called on lenders to create a larger mortgage-backed securities market as part of an effort by the central government to revive a flagging real estate sector. >>

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Bruce Berkman

CEO

October 3, 2014

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Doing Business In Emerging Markets – Banking Sector – Mobile Changes

A video interview series featuring Bruce Berkman, CEO and Founder of getchee

In this video series,  Bruce Berkman, CEO and Founder of getchee will discuss banking business in emerging markets. Bruce will talk about how banks use mobile devices for landing and risk management processes, managing gap between working execution level and management level, smart and felixible tools for bank process, business continuity and more.

Subscribe now to receive the new updates each week.
Read the rest of this entry »

April Wu

China Market Strategy

October 1, 2014

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Banking News This Week – Oct 1

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

1 -Alibaba wins licence for private bank in China

Chinese e-commerce company Alibaba Group has won approval from China’s bank regulator to launch a private commercial bank in its home city of Hangzhou. >>

2 – New challengers, and challenges, force banks to reinvent in the new age of the customer

News that Apple is upping its game in mobile payments serves as another reminder that traditional banks are increasingly under siege. Aside from managing a growing mountain of regulatory requirements and escalating margin pressures, financial institutions face the emergence of formidable competitors, often from companies in the retail and communications sectors that haven’t traditionally operated in this space.  >>

3 – Kenya’s economy joins Africa’s top 10

Nairobi – Kenya’s gross domestic product was estimated to be 25 percent bigger after the authorities changed the base calculation year to 2009 from 2001, sending the east African nation into the continent’s top 10 economies. >>

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