April Wu

China Market Strategy

September 24, 2014

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Banking News This Week – Sep 24

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

1 – ‘Dinosaur’ Private Banks Face Tech Threat, ABN Amro Says

Private banks that fail to embrace information technology and mobile services are at risk of becoming “dinosaurs,” says an executive at ABN Amro Group NV. >>

2 – DSWD, BPI Globe BankO try to achieve financial literacy for the poor

The Department of Social Welfare and Development (DSWD) is seeking to teach Filipinos the habit of saving through its sustainable livelihood program (SLP) and the financial literacy program of Bank of the Philippine Islands (BPI), Globe Telecom Inc. and mobile banking arm BankO. >>

3 – The brave new world of mobile banking

Let’s see how mobile has changed banking at a fundamental level. Firstly, of all known channels it affords the most direct and instantaneous connection between the bank and its customer. Secondly, it has raised the ante for the quality of software that a bank deploys – customer experience, performance and width of services have become critical. >>

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