Banking in Brief
We follow bloggers who provide alternative, meaningful, serious and sometimes irreverent insights into the industry
Chinese banks enhancing direct banking channels to cater to increased demand
Date: May 22, 2013Although 60% of domestic banking customers are shifting to more direct banking methods, most would still want access to physical branches.
Author: Baron Laudermilk
Categories: Channels, China, Direct Banking, Internet Banking, Mobile Banking, Retail Banking, Technology & Operations
Keywords: China Merchants Bank, ICBC, China Minsheng Bank, Bank of Beijing
Rapid smartphone adoption fuels China’s online retail market boom
Date: May 21, 2013Total transaction volume in China's mobile shopping market is projected to reach $36.84b, a 140-fold increase from 2010.
Author: Lalitha Sivanesan
Categories: Channels, China, Internet Banking, Mobile Banking, Retail Banking, Technology & Operations
Keywords: Online Shopping, Tmall, Amazon, Social Media
Wipro Technologies targets Asia Pacific loan origination market with new Lend Value suite
Date: May 21, 2013Suresh Raman, Asia Pacific & Japan banking group head at Wipro Technologies explains how the company offers both a differentiated product and service for lending technologies.
Author: Carol Wheatcroft
Categories: Channels, Customer Centricity, Technology & Operations
Keywords: Wipro Technologies, Suresh Raman, Narayan Bharadwaj, Wipro Gallager Solutions, Loan Origination, Systems Integration
Chinese banks must be able to adapt to current market dynamics to stay competitive
Date: May 16, 2013Remarks by Fan Wenzhong, director general, international department, CBRC, at the China International Banking Convention 2013, on the changing banking landscape in China.
Author: Fan Wenzhong
Categories: Basel III, Capital & Strategic Issues, China, Operational Risk, Regulation, Retail Banking, Risk and Regulation, SME Banking, Trade Finance, Transaction Banking
Keywords: The Asian Banker, China International Banking Convention 2013, Fan Wenzhong, CBRC, FATCA, Market Risk, Credit Risk
Financial institutions need to take extra caution as digital crimes show tremendous spike
Date: May 16, 2013With two Middle Eastern banks hit for $45m in a recent heist, banks will be well-advised to double security efforts to stay one step ahead of persistent cyber crooks.
Author: Wendy Weng
Categories: Operational Risk & Security, Technology & Operations
Keywords: RAKBANK, Bank of Muscat, Loretta Lynch, Cyber Security
"More governance, less government" underpins effective risk management
Date: May 15, 2013Proceedings report from the Risk Games Conference 2013, held in conjunction with The Asian Banker Summit 2013 on flawed post-crisis regulatory changes.
Categories: Basel III, Capital & Strategic Issues, Operational Risk, Regulation, Risk and Regulation
Keywords: Asian Banker Summit 2013, FDIC, US Fed, CVA, NSFR, ICAAP, Counterparty Credit Risk, Systemic Risk, Liability Management
Shift in consumer behavioural patterns affecting banks’ Big Data usage
Date: May 15, 2013Banks will need to better direct the appropriate promotions, deals or product options to customers in line with their past habits, if they are to turn an average customer into a loyal one.
Author: Magessan Raj
Categories: Channels, Customer Centricity, Data & Analytics, Data Management, FSI Customer Relationship Management , Singapore, Technology & Operations
Keywords: Big Data, DBS, Customer Experience
Cathay United Bank remodels data warehouse to facilitate a single version of truth
Date: May 14, 2013The bank successfully partnered with Teradata to implement an enterprise-wide Data Management Infrastructure, improving analysis efficiency and risk control capabilities.
Author: Levina Lim
Categories: Customer Centricity, Data & Analytics, Data Management, Operational Risk & Security, Risk & Performance, Technology & Operations
Keywords: Asian Banker Summit 2013, Cathay United Bank, Teradata, MDM, CRM, Data Security, Disaster Recovery