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Covering all aspects of financial services in Asia from banking in China to algo trading in Japan.
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Ziv Cohen CEO at Paygilant
When Prime Minister Modi announced his demonetization policy on November 8, 2016, suddenly eliminating 86% of the currency in circulation, it was a sudden shock to the Indian economy, a country where an estimated 98% of all transactions are in cash. It shouldn't be too surprising that Indians started to embrace mobile wallets and digital banking a...
26 May 2017 /payments
Rolf Van Der Pol MD at i-KYC
Hong Kong is only one country where regulators are focusing more and more on TBML as can be read in this article http://www.gtreview.com/news/asia/hk-banks-warned-over-trade-based-money-laundering/ . TBML is less transparent and harder to detect than more traditional types of money laundering. As the article mentions “there is no rigid set
09 May 2017 /regulation
In a recent article by Pjotr Kaminski and Kate Robu both working for McKinsey&Company an outline is given for a more structural solution to deal with ever increasing regulatory requirements and compliance challenges < http://www.mckinsey.com/business-functions/risk/our-insights/a-best-practice-model-for-bank-compliance >. The title of
11 April 2017
A substantial number of compliance officers (about 44 per cent) lack confidence in the anti-money laundering (AML) programs of their organizations, according to a new report (#mce_temp_url#) That’s an interesting finding since compliance officers are ultimately responsible for compliance of the whole organization in their role as MLRO. The pace an...
21 March 2017 /regulation
Monica Jasuja Head of Digital Payments at MasterCard India
As the noise around the Union Budget 2017 has considerably reduced and state elections in India have occupied our minds, its time to do a policy changes in the budget that impact Digital Payments in India and conclude on the analysis of Decoding Union Budget 2017's Impact on Digital Payments in India Previously, I had segregated the analysis into ...
18 February 2017 /payments
As Finance Minister Shri Arun Jaitley stepped into Parliament on February 1st 2017, the weight of an entire nation and the world rested on his able shoulders as he unveiled India’s first budget post Demonetisation. Demonetisation, as a measure in itself has received worldwide coverage owing to the enormity of the move and the ramifications. Everyo...
05 February 2017 /payments
Kunal Patel Product Manager at 1E
There doesn’t seem to be a day that goes by without someone talking about Blockchain, I’ve read countless articles, read plenty of whitepapers produced from the likes of consulting firms, banks and technology solution providers. I believe there are compelling use cases for Blockchain technology in financial services. That being said though, only ti...
12 August 2016
Michael Carter CEO at BizEquity
With their loan books growing at an estimated 175 per cent per year, online lenders are changing the face of the global banking industry at an unprecedented pace. One recent survey found that three-quarters of credit analysts consider alternative lenders to be a great threat to banks. These concerns appear to be well grounded: research by McKinsey...
26 April 2016 /retail
Retired Member
“Whatever services we give, ultimately it has to be a win-win situation…. We just want a commercially viable model, I cannot afford to lose month after month,” State Bank of India (SBI) Chairperson Arundhati Bhattacharya told PTI in an interview. SBI Chairperson added, she is ready to invest in more ATMs as long as she can explain how she is going...
30 January 2014 /retail
I was reading this article a few days ago, that Central Bank of India wants 800 new bank branches in rural India. A recent survey of rural India has shown that there are only 36 branches for every million (10 Lakh) people, compared with over 100 branches in urban areas. All banks prefer to have branches in urban areas rather than in the rural or...
15 January 2014 /retail
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