All articles by Duygu Tavan
Duygu Tavan
UAE rules benefit sector: ADCB
Restrictive retail banking rules imposed by the Central Bank of the United Arab Emirates (UAE) will benefit the whole sector, according to Ala’a Eraiqat, CEO of the UAEs third-largest lender by assets, Abu Dhabi Commercial Bank (ADCB). TheCentral Bank of theUAEtightened banking rules to curb banks lending activities and cut down on the fees that banks charge for personal and auto loans at the beginning of March.
TEB agrees 20 year bancassurance deal
Turk Ekonomi Bankasi (TEB), the Turkish subsidiary of French lender BNP Paribas (BNPP), is to distribute life and pension as well as personal insurance products via BNPP’s bancassurance subsidiary, Cardif. The bancassurance distribution deal will last 20 years and follows BNPP’s acquisition of Fortis and the subsequent merger between the bank and TEB.
BMO and MasterCard reward smart shoppers on Twitter
Bank of Montreal (BMO) is making use of social media’s potential for customer retention with a twitter campaign asking for fashion tips. BMO and MasterCard kicked offa social media campaign on micro-blogging website Twitter asking customers about their smartest shopping tips, offering a C$500 ($520) credit to the BMO MasterCard holder with the best fashion-savvy tip.
Keep taking the tablets
An immersive technology so sleek, so aesthetically pleasing a hybrid of the best characteristics of a PC and a mobile phone no wonder iPads and other tablet devices are the buzzword of the digital revolution right now.
An easy plan for South Africa’s unbanked
With more than a third of the population unbanked, South Africas banks are vying to target the segment with low-cost banking products and offers Gift Manyanga, CEO of First National Banks segment-specific branches, titled EasyPlan, discusses with Duygu Tavan the banks growth strategies in South Africa and abroad.
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BPH restructuring plan set to bear fruit
Wth a year left to complete its restructuring programme, Polands 11th-largest bank by assets, BPH, is set to compete with international banking giants such as Santander and Raiffeisen
Looking into the financial shoebox
Netherlands-headquartered vendor, Figlo is co-operating with Netherlands-based National Institute for Family Finance Information (Nibud) to develop a financial platform that integrates all of a consumers personal data in one place and connects these to financial institutions. The main goal of Nibud, a member of the European Consumer Debt Network, is to fight and prevent over-indebtedness and promote social inclusion in the Netherlands. The aim of the Figlo-Nibud tie-up is to save time and keep the focus on providing financial advice based on the clients requirements instead of wasting time gathering consumers personal information.
Citi teams up with Google, MasterCard
Citigroup is partnering with Google and MasterCard to embed Near Field Communication (NFC) technology into current and future models of Android smartphones The NFC-integrated service will be available for cardholders of Citis debit and credit cards range and can be activated via an app that allows payments on Android phones The NFC-based service is expected to be released by the end of the year.
UniCredit’s Bulbank kicks off deposit campaign
The campaign launched on 29 March and is to continue until the end of June and offers customers an interest rate bonus if they increase their total deposit balance by at least 30%.
StanChart launches new retail banking products in UAE
Standard Chartered has launched new Shariah-compliant retail banking products and services in the United Arab Emirates (UAE). The bank said that its new product range, a home and salary suit, are part of its customer-centric strategy to offer valuable services according to a customers individual requirements.