綠色BN
2016-10-19

Banking News This Week – Oct 19

The top 5 banking news stories in emerging markets this week.
banking-news_cover
1 – Commercial Bank of Africa targets growth in SME market
The Commercial Bank of Africa (CBA) has introduced a revamped Business Banking proposition, aimed at strengthening the banks position in the Kshs. 807 trillion Small and Medium Enterprises (SME) market. >>

2 – Mobile banking users in Indonesia remains low
Research institute Microsave reported that only 0.73 percent of cellphone users in Indonesia have utilized online financial services. >>

3 – VN banks playing catch-up to online buyers
As the country moves toward deeper integration, banks are striving to improve their information and technology systems in order to catch up with new trends and to ensure customer safety. Globalization and interconnectivity come with information and technology risks. In addition, the presence of financial technology (fintech) also has reshaped the financial services sector. >>

4 – Payment solutions key to e-commerce success in the Philippines
While online retail has seen a boost with the popularity of e- and m-commerce channels, supporting business processes like payments must mature for e-commerce to be truly viable in the country. >>

5 – Majority of Malaysian banking consumers do not have strong sense of loyalty – Gallup report
Besides economic challenges, banks in Malaysia are facing another big hurdle – the ineffectiveness to fully engage with their customers, hence running the risk of losing revenue and market share. >>


  By April Wu 
  China Market Strategy

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