1-15 of 56 results
South Korea approves first internet-only banks
South Korea’s Financial Services Commission (FSC) has given its consent to consortia led by Kakao and KT Corp, to establish internet-only banks in the country.
Banking Services > Online Banking > News
Banking Services > Online Banking > News
Cathay United Bank wins central bank approval to upgrade representative office in Taiwan
Taiwan's Cathay United Bank has secured approval from the Philippine central bank Bangko Sentral ng Pilipinas (BSP) to upgrade its representative office in the country to a full-service branch.
Banking Services > Commercial Banking > News
Banking Services > Commercial Banking > News
Pakistan to raise $1bn from share sale in Habib Bank
The government of Pakistan has announced plans to sell its shares in Habib Bank, the country's oldest bank, hoping to raise up to $1bn.
News
News
China plans to open banking industry for more private participation
China Banking Regulatory Commission (CBRC) is in the process of simplifying the approval procedures in order to open the banking industry more widely to private investments.
Banking Services > Retail Banking > News
Banking Services > Retail Banking > News
India to pump in $1.3bn into state-owned banks
India has announced plans to pump in INR79.4bn ($1.3bn) in the next fiscal year into state-owned banks in a bid to strengthen their capital reserves.
News
News
Philippine central bank approves changes to foreign exchange regulations
The Philippine central bank, Bangko Sentral ng Pilipinas (BSP), has approved changes to the manual of regulations on foreign exchange transactions (FX Manual).
Intermediaries > ECN & Exchanges > News
Intermediaries > ECN & Exchanges > News
India to inject $1.13bn into nine state-owned banks
Indian government is all set to pump in INR69.90bn ($1.13bn) into nine state-owned banks during the financial year 2015 in a bid to reward efficient banks and strengthen their risk buffers.
News
News
BankIslami Pakistan secures approval to study KASB Bank purchase
State Bank of Pakistan has granted approval to BankIslami Pakistan to conduct due diligence of the KASB Bank for its acquisition and merger.
Policies & Regulatory Compliance > News
Policies & Regulatory Compliance > News
Chinese banking regulator approves Tencent’s proposal to start banking operations
The China Banking and Regulatory Commission has given its approval to internet firm Tencent’s proposal to commence banking operations.
Policies & Regulatory Compliance > News
Policies & Regulatory Compliance > News
China to introduce bank deposit insurance system
China's cabinet has issued draft regulations to launch a bank deposit insurance system in an effort to liberalize interest rates and enable banks to compete commercially.
Banking Services > Commercial Banking > News
Banking Services > Commercial Banking > News
Bank of Tokyo Mitsubishi to pay additional $315m fine for misleading US regulators
Bank of Tokyo-Mitsubishi UFJ (BMTU) has reached an agreement with New York's Department of Financial Services (NYDFS) to pay an additional $315m fine for misleading regulators over transactions involving countries subject to US sanctions.
Banking Services > Retail Banking > News
Banking Services > Retail Banking > News
Indonesia finalizing new roadmap for Islamic finance
The Indonesian government is reportedly finalizing a five-year roadmap in a bid to reshape the Islamic finance industry in the country.
Policies & Regulatory Compliance > News
Policies & Regulatory Compliance > News
Alibaba gets clearance to open private bank in China
The China Banking Regulatory Commission (CBRC) has given clearance to e-commerce giant Alibaba to set up a new private bank in the country.
News
News
Avaloq Banking Suite achieves full compliance with Australian tax system
The Avaloq group, an international leader in integrated and comprehensive solutions for wealth management, universal and retail banks, announced that its Banking Suite has achieved full compliance with the Australian tax system.
News
News
Maurice Blackburn files class action suits against five Australian banks
Maurice Blackburn has filed open class action suits against five Australian banks in the New South Wales Supreme Court over late bank fees charges to consumers.
Banking Services > Cards > News
Banking Services > Cards > News
BBR White Paper Recommendations
Revenue Leakage has been a universal phenomenon, gnawing up the profit margins of transaction-based industries, especially across their business support systems. Though the Banking industry people are particularly quick in acknowledging the glaring prevalence of revenue leakage, they are not able to pinpoint its source or quantity, or chart methodologies to ensure Revenue Assurance.... Banking Services > Commercial Banking > White Papers Customer Profitability Vs. Customer Satisfaction: Keep Guessing or Model your Pricing Strategies By Suntec
Most financial institutions do not have a clear understanding of what or who drives their profitability. They make assumptions or guesswork, and most of the time, try and fix their profitability metrics into the 80/20 rule or something similar — the majority of profits (80%) come from a minority (20%) of customers, products or business segments. Is profitability as simple as this? While there is no denying the 80/20 rule, how does an organization find this 20%? ... Banking Services > Commercial Banking > White Papers Banks - Reward Your Customers Incrementally, Based on Their Profitability By Suntec
Financial Institutions (FI) are on the verge of a strategic make-over. The market conditions imply an increased need to generate revenues and customer profitability, to ensure sustainability and future business success. In order to achieve these objectives, the FIs need to devise strategies that leverage customer relationships in a way that has never been done before. ... Banking Services > Commercial Banking > White Papers Achieving Measurable Gains by Automating Claims Processing By Kofax
Moving to a fully automated process is a goal for claims processing of nearly all insurance executives. Companies are at various levels of automation and often do not have an appropriate strategy to achieve higher levels of automation. This white paper identifies seven levels of claims automation and provides a roadmap that can be followed to enhance claims processing. This straightforward approach can be used to increase the likelihood of successful automation. Download this free white paper from Kofax to find out more.... White Papers Customer Centricity: The Key to Success in Retail Banking By Kofax
The economic slowdown has forced many banks to redirect their focus to retail banking and reinvent themselves as customer-centric organizations. But many institutions still use legacy infrastructures and processes that hinder necessary readjustments, in particular with regard to information exchange and customer communication. This white paper explains how these difficulties can be overcome, and how banks and financial institutions can reengineer core IT and business processes to support their business objectives. Download this free white paper from Kofax to find out more.... White Papers See more
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