Retail Banking Academy news roundup – 08/05/2017

UK to streamline payments to boost bank competition

“Britain is keen to increase competition in banking, a sector dominated by the “Big Four” lenders – Lloyds, HSBC, Barclays and RBS. Any new banks have to use existing payments systems, largely set up by the big lenders, for a fee.”

Seriously, Bangladesh is the country to beat on e-payments

“What if you could pay your taxes with SMS? What if you could send and receive money without ever visiting a bank – or even having an account? What if biometrics could ensure that you are who you say you are, without needing an appointment or a signed letter or a proof of address?”

Trump Weighs Breaking Up Wall Street Banks, Raising Gas Tax

“President Donald Trump said he’s actively considering a breakup of giant Wall Street banks, giving a push to efforts to revive a Depression-era law separating consumer and investment banking.

Lafferty Daily Briefing – 8th May 2017

“The chief executive of RuPay parent National Payments Corporation of India (NPCI) has told the Times of India that “our credit cards will be launched soon. These would be RuPay credit cards. A pilot is going on with five banks.”.”


The Retail Banking Academy is the only international training academy that offers qualifications exclusively dedicated to the best practice principles in retail banking from the practitioner’s point of view. We are committed to making the Certified Retail Banker qualification (CRB) the recognised industry standard by making it possible for ambitious retail bankers worldwide to embark on a structured programme that sets the highest standards of ethics, education and customer-oriented retail banking excellence.

Retail Banking Academy news roundup – 25/07/16

Here are some of the more eye-catching news stories from the past week.

StanChart to launch digital banking across nine countries

“Standard Chartered is launching video banking for more than 5m customers across Asia, Africa and the Middle East as part of a plan to invest $1.5bn in digital services and revamp its retail bank.”

Central Banks Mull Digital Currency Issuance

“It is the absence of the middleman that helps define the value of digital currency, with decentralized ledgers eliminating processing costs and also ostensibly offering a layer of additional protection.

Should central banks sign on to this, as WSJ noted, money would exist in wallets that would be used more directly than those transactions that involve banks.”

Sizzle Or Fizzle: One Momentous Day in Payments

“Mastercard [announced] an acquisition of epic proportions: VocaLink. Most media passed this off as a way for Mastercard to cozy up to the U.K. payments scene, but it clearly has the potential to do a whole lot more than that.”

Zero rates destroying banks: Jes Staley, chief executive, Barclays

“It’s difficult to run banks with extremely low rates and in some instances negative rates. There is a growing scepticism about the effectiveness of zero interest rates and pressured negative interest rates precisely because there is a growing recognition that the gain in economic growth is difficult to discern but the destruction of the financial system is easier to see.”

 

 

 

 

 

The Retail Banking Academy is the only international training academy that offers qualifications exclusively dedicated to the best practice principles in retail banking from the practitioner’s point of view. We are committed to making the Certified Retail Banker qualification (CRB) the recognised industry standard by making it possible for ambitious retail bankers worldwide to embark on a structured programme that sets the highest standards of ethics, education and customer-oriented retail banking excellence.