Online bank services are not everything
In-branch services make all the difference...
Tag : banking
Dispute resolution is the key to unlocking the Islamic finance industry
It would be ideal if all Islamic finance disputes were adjudicated in one centre through arbitration according to a standardised dispute resolution contract...
Anti-money laundering requirements: are the stakes increasing?
Sophisticated techniques for detection of suspicious activity require someone with a level of knowledge and understanding — more than just ‘an analytics person’ Colin Bristow March 17, 2017: Part 504 of the US Department of Financial Services Superintendent’s Regulations seems to be significantly upping the requirements for firms to put in place an ongoing review...
Greater interest in savings and investment products
UK private banking and wealth management sector calls for ‘a measured and appropriate regulatory regime’ to ensure London remains a global centre of excellence February 2, 2017: The Private Banking and Wealth Management (PBWM) industry has experienced significant growth in assets in recent years, boosting broader UK economic growth and helping individuals and families plan...
Uniformity across Direct Banking channels gives a boost to Odeabank
Now, Direct Banking channels account for 83% of all transactions of the Turkish bank January 6, 2017: Having entered the Turkish banking industry at the end of 2012, Odeabank maintained steady growth and continued to solidify strong achievements. It capitalised on its competitive strength to rank 8th among private deposit banks and 9th in total...
Top 5 ways consumers can avoid overdraft fees
Some tips by Robin L. Wiessmann, Secretary of Banking and Securities, Pennsylvania January 5, 2017: With Americans paying more than $11 billion in overdraft checking fees in 2016, Secretary of Banking and Securities Robin L. Wiessmann is advising consumers on ways they can save money and avoid overdraft fees, which can cost $20-$45 per transaction. “An overdraft is when the amount...
Metro Bank launches internet banking platform
Will support fast-growing customer base and enhance users’ online experience November 22, 2016: As part of their commitment to provide consumers with innovative offerings and customer-centric banking experiences, Metro Bank launched a commercial internet banking platform marking yet another disruptive step for the challenger bank. Since its launch in 2010, Metro Bank has demonstrated an...
Citi launches global API developer portal to allow open banking
IFM Correspondent The banking giant joins hands with developers and consumer brands to lead innovation November 17, 2016: American banking behemoth Citi unveiled a new global application programming interface (API) developer portal on November 10, which it says is the most comprehensive one available in today’s financial services market. The portal enables Citi to connect...
Europe may be at the mercy of US banks
US banks are about to surpass their European counterparts in the European investment bank market, which could, in the future, be dominated by the big five American banks Dirk Schoenmaker & Charles Goodhart October 25, 2016: The European banking system is downsizing. As a consequence, the big US investment banks are on the rise in...
Swiss bank loses Singapore banking licence
But Falcon Private Bank welcomes end of 1MDB investigation that caused a political scandal in Malaysia October 11, 2016: Falcon Private Bank, a Swiss private banking boutique with 50 years of expertise in wealth management, has lost its banking licence in Singapore as a fall-out of the 1MDB case. The Swiss Financial Market Supervisory Authority...