3853 Results from /retail
Retired Member
Last month Ed Miliband urged UK banks to sell off bank branches as part of the Government efforts to reduce market centralisation and boost competition. As banks are increasingly looking to move to mobile and digital channels and undergo major structural changes, their shortcomings in terms of technological capabilities are becoming more apparent....
05 February 2014 /retail
Elton Cane Digital product delivery at News Corp Australia
The International Finance Corporation (IFC) estimates that microfinance has reached some 130 million people worldwide in the last 15 years. This is impressive growth, certainly, and has no doubt contributed to the improvement of indivudal and community economic circumstances in the many areas where microfinance providers operate effectively. And ...
03 February 2014 /retail Future Finance
The new Current Account Switching Service in the UK has now been live for four months, and has been accompanied by a pretty impressive marketing campaign – TV ads, radio, print, web and even billboards extolling the virtues of the new service. Individual banks are also advertising hard to win new customers and keep the ones that they already have...
30 January 2014 /retail Innovation in Financial Services
“Whatever services we give, ultimately it has to be a win-win situation…. We just want a commercially viable model, I cannot afford to lose month after month,” State Bank of India (SBI) Chairperson Arundhati Bhattacharya told PTI in an interview. SBI Chairperson added, she is ready to invest in more ATMs as long as she can explain how she is going...
30 January 2014 /retail Asia Financial Services
Kishen Gajjar Management Consultant at Infosys Consulting
“May I have your data?” ”Depends on who’s asking!” Banks need data from customers to provide them with a differentiated service. They won’t get very far though, until they establish themselves as responsible and trustworthy in customers’ eyes. While these individuals are willing to share information for a real benefit—providing historical transacti...
29 January 2014 /retail
Brett King CEO & Founder at Moven
I was in India a few weeks ago speaking to the Reserve Bank and most of the primary Retail Banks about the impact of mobile and social media on the industry there. The new RBI Governor in India, Raghuram Rajan, has ruffled some feathers with his unconventional approach thus far, but he has his work cut out for him with a very traditional market, w...
28 January 2014 /regulation /retail Innovation in Financial Services
The industry is abuzz at present with many people talking about the endless opportunities and possibilities around BLE Beacons, and amidst all the discussion remains a large amount of confusion around different beacon technologies be they iBeacon, PayPal Beacon or one of the many other types of beacon. Several heated exchanges continue, especially...
27 January 2014 /retail
Dan Barnes Writer at Information Corporation
Speaking to the Northern Ireland Affairs Committee on 8 January 2014, Sam Woods, director of UK regulator the Prudential Regulation Authority (PRA) condemned technology at UK banks as “antiquated”. He reported that the regulatory body had “discovered a number of deficiencies” at the firms and that as a consequence there was a “programme of remediat...
21 January 2014 /regulation /retail Future Finance
Brett King could not have better timed his visit in Mumbai than yesterday So I had great time with Brett King for his seminar on Business of Banking in Mumbai, India conducted by Oracle and CXOToday.com. Few Highlights; 3 year old kid of this generation is already digital savvy and he / she would like to believe that every device or (even) a book ...
16 January 2014 /retail Online Banking
I was reading this article a few days ago, that Central Bank of India wants 800 new bank branches in rural India. A recent survey of rural India has shown that there are only 36 branches for every million (10 Lakh) people, compared with over 100 branches in urban areas. All banks prefer to have branches in urban areas rather than in the rural or...
15 January 2014 /retail Asia Financial Services
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