All articles by Duygu Tavan
Duygu Tavan
Voice Commerce launches m-banking ID verification database
Voice Commerce, a financial services group, has developed KYC Secure, a database for mobile phones that can validate the identity of m-banking customers. The company said that the platform enables banks to verify a customers identity by their unique voice signature.
Raiffeisen Bank’s online unit Zuno begins first CEE operation in Slovakia
Austria-based Raiffeisen Bank Internationals (RBI) direct banking arm Zuno has began operations in Slovakia, the units first entry into the Central and Eastern European (CEE) market. Zuno Bank said that it focuses on the rapidly-growing segment of CEE online banking customers who rarely visit branches. Herbert Stepic, chief executive of RBI and chairman of ZUNO BANK’s supervisory board, said that ZUNO was an excellent complement to RBIs CEE branch network.
UniCredit plans to open 900 branches by 2015
UniCredit has announced that it wants to open another 900 branches across central and Eastern Europe (CEE) to exploit the business potential in Europes emerging markets.
Norkom helps Malaysia’s RHB bank combat financial crime
RHB Bank, Malaysias fourth biggest bank, has announced it will use anti-money laundering solution from Norkom, a financial crime detection software provider. Norkoms anti-money laundering solution detects and prevents money laundering and terrorism finance by monitoring and analysing every transaction of all customers. If the system finds suspicious transactions or other activities, it alarms the banks team of investigators, who will then investigate the activity.
Austrian vendor SDS develops FATCA processing software
Austrian vendor Software Daten Service (SDS) has developed a reporting engine for processing the Foreign Account Tax Compliance Act (FATCA). The most important provisions of FATCA will not take effect for another three years.
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Deloitte identifies new customer segment: First Time Defaulter
Consultancy firm Deloitte has profiled a new customer segment that banks should be targeting the First Time Defaulter (FTD) A survey by the New York-based Deloitte Center for Financial Service researching the future of consumer lending has found that the FTD is proving a new challenge for banks. The survey found that 11% of the 5,142 bank customers surveyed had had a negative credit experience for the first time in their lives in the last two years.
BNP Paribas launches ‘2 Opéra’, its first Concept Store
BNP Paribas has become the latest major retail bank to launch a retail store concept, in an attempt to differentiate itself from its rivals by promoting a technology and innovation-led strategy
Commerzbank targets account switchers
To help it achieve a target of attracting 100,000 new accounts in the fourth quarter, it is offering an account switching incentive of 50 and has kicked off a major advertising campaign; its biggest for two years
Q3 profits rise 27% at Bank Hapoalim
Bank Hapoalim, Israels second- largest lender, has reported a third quarter net profit of ILS540m ($147.8m), up 27% from the same period last year and in line with analyst forecasts. Net operating profit rose by 7.6% in the year to date to ILS156M at Bank Hapoalims retail focused Households Segment business unit.
Axis bank expands rural branch network
Private-sector Indian lender, Axis Bank, is to open 100 branches in rural, under-banked areas by the end of the year. The initiative is part of Axis Banks rural banking strategy to expand its branch network in semi-urban and rural areas.