Retail Banking Academy news roundup – 15/05/2017

Opportunity beckons for western card schemes but with serious challenges in tow

“China will open up its domestic market to non-Chinese payment processors will be welcomed by Visa and Mastercard, who will be expected to be the main beneficiaries. However, it is worth pointing out that this move had already been announced in 2016”

Wells Fargo abandons efficiency goals, will cut $4B of costs

“Slowing loan growth would prevent it [Wells Fargo] from meeting goals that management has pursued for years. It boosted a plan to save $2 billion annually by the end of next year, saying it now will cut twice as much by 2019, according to a presentation on the company’s website.”

Euro Zone May Get Another Giant Bank as Finns Build Nordea Case

“Nordea Bank AB, which is threatening to shift its headquarters from Stockholm unless Sweden creates a more hospitable business environment, is considering Finland and Denmark as alternatives.

Lafferty Daily Briefing – 15th May 2017

“The advance of Chinese software will be crucial to the future of Ethiopian banking, one commentator noted. With WeChat Pay and Alipay storming the Western world, one would not bet against the Chinese when it comes to mobile finance.”


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.

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