Banking Archives

‘We set standards for the best customer experience’

International Finance DeskJuly 22, 2015

by International Finance DeskJuly 22, 2015

BankDhofar of Oman has also been a leader in terms of product innovation and creative solutions July 22, 2015 : How has the Sultanate been doing with efforts to diversify its oil-dependent economy? As part of ‘Oman Vision 2020’, there are concerted efforts to diversify the economy and reduce the dependency on oil. The specific...

Banking

Online-only banks gaining popularity

International Finance DeskJune 29, 2015

by International Finance DeskJune 29, 2015

With banks struggling to remain profitable, digital banks are disrupting the way the industry functions Suparna Goswami Bhattacharya June 29, 2015: The one industry which has gone through a sea of transformation in the last decade is the financial industry. It all started with the opening up of ATMs and the addition of online banking...

Banking

Disruptor tackles ‘closed shop’ of international payments sector

International Finance DeskJune 17, 2015

by International Finance DeskJune 17, 2015

Tuxedo Money Solutions signs up to Saxo Payments Banking Marketplace for fast international trnsactions June 17, 2015: Saxo Payments on Tuesday announced a major contract win with Tuxedo Money Solutions. The ground-breaking Saxo Payments Banking Marketplace will deliver fast cross-border transfers for Tuxedo Money Solutions and its corporate client base, in all major currencies, in...

Banking

Saxo Bank subsidiary set to shake up international transactions sector

International Finance DeskJune 5, 2015

by International Finance DeskJune 5, 2015

Saxo Payments Banking Marketplace provides a seamless conduit for bank transfers June 5, 2015 London: Global trading and investment bank, Saxo Bank, has invested in a business that is setting out to give the burgeoning FinTech sector a genuine alternative to the status quo in international payments. Established in 2013, SaxoPayments is addressing the compliance...

Banking

Saxo Bank subsidiary set to shake up international transactions sector

International Finance DeskJune 5, 2015

by International Finance DeskJune 5, 2015

Saxo Payments Banking Marketplace provides a seamless conduit for bank transfers June 5, 2015 London: Global trading and investment bank, Saxo Bank, has invested in a business that is setting out to give the burgeoning FinTech sector a genuine alternative to the status quo in international payments. Established in 2013, SaxoPayments is addressing the compliance...

Banking

‘Full ASEAN banking integration will not happen in 2015’

International Finance DeskMay 11, 2015

by International Finance DeskMay 11, 2015

The process is slow because members are not at all homogeneous, says Cedric Chehab, Head of Asia Research at BMI Research Giovanni Puglisi May 11, 2015: ASEAN members have stepped up efforts to create a single economic market by agreeing on a Banking Integration Framework, which aim is to strengthen the regional banks’ long-term competitiveness...

Banking

Pioneering business models lead to higher returns

International Finance DeskApril 23, 2015

by International Finance DeskApril 23, 2015

Frost & Sullivan analyses key forces collapsing, disrupting and transforming the banking industry landscape April 23, 2015: Over the past decade and a half, banks have had to contend with a dynamic business model landscape. Key forces, like ever changing customer experience requirements, regulatory adjustments, and the rapid development of technology are transforming the banking landscape...

Banking

Bank Rakyat starts 2015 with new corporate office

International Finance DeskMarch 13, 2015

by International Finance DeskMarch 13, 2015

It embodies the bank’s commitment to deliver nothing but the best to its 5 million customers and 950,000 members March 13, 2015: Bank Rakyat started 2015 by launching Menara Kembar Bank Rakyat, its new corporate office located along Jalan Travers, on the fringes of KL Sentral. Operating in a very conducive and modern environment, it...

Banking

Sacombank is reaping the benefits of its customer centric model

International Finance DeskMarch 2, 2015

by International Finance DeskMarch 2, 2015

Its successful retail strategy is based on human resources, technology, financial capability and branch network March 2, 2015: Even since it was established 23 years ago, Retail Banking Strategy has been the key for Sacombank. It adopted a “Customer Centric Model” very early in order to achieve excellence in customer service as the main differentiating...

Banking

Bank robberies down, attacks on ATMs up

International Finance DeskMarch 2, 2015

by International Finance DeskMarch 2, 2015

But, the greater threat is posed by developments in technology Peter Taberner March 2, 2015: Research by the European Banking Federation (EBF) has revealed that there continues to be a decline in bank robberies. According to the 22nd edition of their bank robberies report, there were 2,347 heists in 2013. These took place in the...