All articles by Duygu Tavan
Duygu Tavan
Oracle launches new data warehouse, risk management software
Oracle has rolled out two new software products for data analytics and liquidity risk management The vendor said that one of the two products, the Oracle Financial Services Data Warehouse, is a pre-build model offering a new approach to data modelling and warehousing . The software allows financial institutions to access information across business segments in their organisation and provide data quality checks.
OCBC seeks retail growth in Malaysia
Singapore-based OCBC Bank is looking to grow its retail banking business in Malaysia and generate 40% of country revenue from its retail unit by 2014. But the director and chief executive of OCBC Bank Malaysian, Jeffrey Chew, told local media that the bank saw tremendous opportunity to grow the consumer business.
Maybank introduces 2-for-1 credit card in Malaysia
Malaysia-based Maybank is aiming to attract half a million new credit card customers by the end of 2011 with a new, two-for-one product: Maybankard 2 Cards. Maybank is offering two credit cards – one issued by American Express, the other by MasterCard with a single application. The offer is part of the banks strategy to grow credit cards issuance by 20% by the end of June, although it did not disclose how many cardholders were signed up with the bank already.
Citi continues to roll out more smart banking branches, now in Hangzhou
Citibank continues to roll out more smart banking branches in its key markets and has added the Chinese city of Hangzhou to its list of cities with the state-of-the-art branches. The chief executive of Citis China business, Andrew Au, said that business in China was performing strongly and that the bank would continue to expand in the country.
ICBC bids for US-based Bank of East Asia
Industrial and Commercial Bank of China (ICBC), the worlds largest lender by market cap, has become the first Chinese bank to acquire a US-based retail bank, Bank of East Asia ICBC will pay about $140m for an 80% stake in Hong Kong-headquartered Bank of East Asias US subsidiary and acquire13 branches in New York and California.
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Polish bank Getin Noble rolls out contactless cards with Fist Data, MasterCard
Polan-based Getin Noble Bank is to roll out its first portfolio of contactless cards using MasterCard’s PayPass technology and First Data’s card issuing and payment processing services. Getin Nobles contactless card holders will be able to pay for purchases of up to PLN50 ($17.50) at retailers across the country, a spokesperson for the bank said. The director of the card department at Getin Noble said that the bank had worked with First Data on other projects.
Bank of Brazil sets up business with Portuguese Banco Espirito Santo in Africa
Bank of Brazil and Portuguese lender Banco Espirito Santo (BES) are to launch a joint-banking business in Africa. Bank of Brazils chairman, Aldenir Bendine, said that the two banks are going to sign an agreement within the next two months and become business partners in Africa.
Intesa Sanpaolo to present new business plan in April
Intesa Sanpaolo, Italys second largest banking group after UniCredit, has specified the date on which it will present its three-year business plan. The bank had previously announced its intentions to present a plan, but had not given an exact date.
Islamic Bank of Thailand shifts focus on retail
The Islamic Bank of Thailand (IBT) has announced a shift in business focus and announced it will roll out new products and services in 2011. The bank aims to achieve sustainable business growth and profits following a 52% increase in net profits to THB1.25bn year to date Total assets as of 31 December 2010 were THB98.36bn, an increase of 116% from the previous year.
ICBC makes push into Singapore
Industrial and Commercial Bank of China (ICBC), the biggest bank by market capitalisation worldwide, has applied for a full banking licence in Singapore. If ICBC gets the approval from the Monetary Authority of Singapore, it could set up branches and ATMs across 25 locations across the country and become the first Chinese bank with a full banking license in the country.