“Crescent Banking Company, CSNT, Under Regulatory Oversight Written ... - Transworld News” plus 4 more |
- Crescent Banking Company, CSNT, Under Regulatory Oversight Written ... - Transworld News
- Private bad bank set up in S Korea - Financial Times
- 8th Bank Robbery Linked to Suspect - Ncwanted.com
- Cellphone banking - some lessons learnt - Biz Community
- Biggest China bank ICBC says profit up 2.9 percent - BusinessWeek
| Crescent Banking Company, CSNT, Under Regulatory Oversight Written ... - Transworld News Posted: 20 Aug 2009 07:53 AM PDT
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| Private bad bank set up in S Korea - Financial Times Posted: 20 Aug 2009 07:32 AM PDT Six of South Korea's leading banks on Thursday signed a preliminary deal to set up a private bad bank in an attempt to spark greater competition in a market for toxic assets monopolised by a state-run bad bank. The banks, led by Shinhan and Kookmin, expect the bad bank to be set up by the end of September, run until 2014 and clear up some Won5,000bn ($4bn) of troubled loans. The other banks involved are Hana, Woori, the Industrial Bank of Korea and Nonghyup, according to a statement from the Korea Federation of Banks.  This posting includes an audio/video/photo media file: Download Now |
| 8th Bank Robbery Linked to Suspect - Ncwanted.com Posted: 20 Aug 2009 06:27 AM PDT ALL COUNTIES — NC WANTED confirmed yesterday that authorities have linked a May bank robbery in Louisville, Kentucky on a serial bank robber, who has struck seven times throughout North and South Carolina. Keep checking ncwanted.com for more information on this armed and dangerous suspect. __________________________ From earlier reports: A man wanted for a series of armed bank robberies in North Carolina and South Carolina struck again yesterday, authorities told NC WANTED. This time in Myrtle Beach, South Carolina. He is considered armed and dangerous and investigators are asking for any tips or leads from the public that assist them in this case. A reward is also being offered for information leading to an arrest. Over the past four months, investigators in North Carolina and South Carolina have connected the dots on a string of bank robberies in which the suspect made no attempt to conceal his identity. Despite surveillance photos being widely distributed throughout the area, the suspect has still not been identified. He is a white male and described as being in his early to mid 20s, between 5'8" and 6'1" tall and close to 200 pounds in weight. The suspect has black, very short shaved hair with a pronounced widow's peak and a goatee. He has tattoos on a large portion of both forearms. He also tends to wear Nike Air Jordan clothing. Yesterday, shortly after noon, he committed his seventh robbery at the First Palmetto Savings Bank in Myrtle Beach. The previous robberies are: -- May 15, 2009 at the United Services Credit Union in Fletcher, North Carolina -- May 28, 2009 at the Wachovia Bank in Forest Acres, South Carolina -- June 19, 2009 at the First National Bank in Mount Pleasant, South Carolina -- July 6, 2009 at the Lumbee National Bank in Fayetteville, North Carolina -- July 15, 2009 at the Southern Bank in Edenton, North Carolina -- July 29, 2009 at the First Citizen Bank in Hendersonville, North Carolina In a phone interview yesterday with NC WANTED, Det. Chuck Dew, who is leading the investigation in Fayetteville, shed some light on the incidents and what conclusions can be drawn about the suspect. "His M.O. is the same in each of these robberies. He enters the bank. He makes absolutely no attempt to disguise himself or conceal his identity. Very shortly upon entering the bank, within a few steps, he usually produces the weapon. He is verbally forceful, very controlling of the situation and basically gains control over the bank and the lobby pretty instantaneously. He uses verbal threats combined with the presence of the weapon and pointing the weapon, et cetera, to gain compliance from the tellers," he said. He then makes the tellers lie on the floor while he leaves the bank, Dew said. He uses a black semi-automatic handgun in the robberies and has been reported to be driving either a black Ford Bronco II or a white Ford F-250 pickup truck. There seems to be some disagreement among authorities about whether the suspect is from the area. A news release distributed by the FBI field office in Columbia, South Carolina states that the suspect is probably from an area in close proximity to North and South Carolina. But Det. Dew doubts the suspect is striking close to home. "Typically someone who's going to reside in this small of an area and commit this many crimes is going to make some attempt to disguise himself or conceal his identity. The fact that he has made none and still [several] months into this investigation, he has still not been identified would tend to make one have to consider that he is not from this area," he said. If you have any information, call NC WANTED toll free at 1.866.43.WANTED (1.866.439.2683) or click on "Report a Tip" Your identity can be kept confidential.
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| Cellphone banking - some lessons learnt - Biz Community Posted: 20 Aug 2009 03:21 AM PDT Now, in 2009, the picture is completely different. Mobile banking has become the largest electronic channel for two of the largest South Africa banks. Both ABSA and FNB have reported customer bases of over a million customers each. Mobile services have expanded from account queries to payments for virtual goods. Players in the market are aggressively developing new innovative applications. It can no longer be disputed that mobile banking and mobile payments are changing the face of financial services, not just in South Africa, but across the globe. Some fast facts about FNB cellphone banking FNB pioneered mobile financial services with the introduction of their account notification service InContact. Over 67 million SMS messages are now sent to their account holders per month. Having launched FNB cellphone banking in 2005, the service now attracts over 45 000 new customers a month. As at the end of February 2009, FNB reported 1.29 million customers registered, processing close to 4 million transactions through their various interactive cellphone banking services, transactions worth R600 million. Though various different models have been launched, FNB is widely regarded as the industry leader. As such, it has learnt some interesting lessons along the way which are detailed in the following paragraphs. Key lessons 1) Technology alone cannot guarantee success It is easy to fall into the trap where mobile technology is seen as the key differentiator to a good mobile banking offering. Many debates centre around the type of technology to deploy, yet technology should be seen merely as an enabler of a customer centric product. Focus should be put on identifying and meeting customer needs, ensuring an efficient and customer-friendly process from registration to query resolution, It is the three "P's" (product, process, and people) that create a good solution, and not the technology that is used. 2) Good product design is crucial The body of knowledge around good mobile user interface design has increased substantially in the last couple of years. Crucial lessons are to keep the interface simple and ensure the functionality matches the needs of the target market. It is important to apply the best user interface designs and information architecture is possible. A tough lesson learnt by FNB was the fact that if a customer cannot use the service on first attempt, they will not return to try it again. This also applies to registration processes. With every barrier to entry that is placed before a customer, you can expect a drop-off of potential customers. Product design must also take into account the fact that every market is unique. FNB's mobile banking solution caters for the vagaries in each of the African markets in which it operates. 3) The needs of the market will dictate the choice of technology One of mobile telephony's key strengths has been the various technology choices that are on offer to communicate with customers. Bearer channels include basic SMS, the ubiquitous USSD and the packet switched world of mobile internet on GPRS or 3G. Handset based applications such as J2ME, Symbian and STK provide even further options to enrich (or is it confuse?) the market. There is no single technology that can be seen as the best for mobile banking. What is important is to provide the right product on the right technology for the specific target market segment. In developing markets, USSD has proven highly successful as it is supported by all handsets without any complicated downloads. However, in developed markets with substantial penetration of high-end phones, mobile internet based solutions may be a better option. The key lesson is to match the technology to the handset and user capabilities of the target market. 4) Regulation should incubate, not inhibit Increasingly, regulators are entering the debates around mobile banking and mobile payments. As an accountable institution, FNB fully supports the need to protect against fraud, money laundering risks and credit exposure. On the other hand, the industry needs to find a middle ground that mitigates the risks, but allows banks to service a segment of the market that could currently be inhibited through onerous regulations in place. The onus is on the banking industry to find this delicate balance through active engagement with regulators to create collaborative solutions. 5) Education Lastly, it is vitally important to create targeted and effective education of customers. This relates to product awareness, product education and security. As the industry-wide advertising spend on mobile banking increases, the general public becomes more familiar with the solutions and functionality available. Combined with collaboration and standardisation, mobile phones have the potential to become the most powerful channel for financial transactions in the future. Conclusion Mobile banking has moved from a "first to market" product to a significant transaction channel, with millions of transactions being reported. Major customer awareness and education campaigns have been undertaken by all stakeholders, and this is paying off at an industry level. As a last lesson, the success of mobile banking as an industry is completely dependent on the ability of the industry players to create strong collaborative relationships that benefit the industry as a whole. This includes the banks, the mobile operators and the regulators. Ongoing conversations between all stakeholders are required to take the mobile to the next level. For more on The Thinking Mobile Conference Series go to www.mobilemarketingwinners.com/ |
| Biggest China bank ICBC says profit up 2.9 percent - BusinessWeek Posted: 20 Aug 2009 03:50 AM PDT BEIJING Industrial & Commercial Bank of China Ltd., the country's biggest commercial lender, reported a modest rise in first-half profit as growth in investment banking and other new businesses offset declining interest income. Profit for the six months ending June 30 rose 2.9 percent from a year earlier to 66.4 billion yuan ($9.6 billion), or 0.20 yuan per share, the bank said Thursday. That was despite a 4.3 percent decline in total revenue to 148.1 billion yuan ($21.6 billion). Net interest income fell 12 percent to 116 billion yuan ($17 billion), while net fee and commission income rose 13 percent to 27.7 billion yuan ($4 billion). "The bank registered growth in net profit despite difficulties facing the global banking industry," ICBC said in a statement. "In particular, the relatively fast expansion of emerging businesses underpinned our profit growth." The bank reported rapid growth in nontraditional services such as investment banking, wealth management and bank cards. China's state-owned banking industry is isolated from global financial flows and has avoided the mortgage-related turmoil that is battering Western lenders. But their interest income has been squeezed as China's central bank cut rates to boost economic growth amid the global financial crisis. ICBC's profits surged 35.2 percent in 2008 but the Beijing-based bank warned of "severe challenges" this year. The bank said its total assets, already among the world's largest, rose 16.3 percent over the same period of 2008 to 11.4 trillion yuan ($1.6 trillion). ------ On the Net: Industrial & Commercial Bank of China Ltd.: http://www.icbc.com.cn  This posting includes an audio/video/photo media file: Download Now |
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