Mobile banking expands to include microfinance
Mobile banking in the Philippines is expanding into microfinance to serve the lower-income market outside of the country’s major urban centers.
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Banking in the age of Facebook, social media
With over 27 million Filipinos hooked to the world’s largest social networking platform Facebook, could this be an effective channel to promote financial literacy? Ayala-led Bank of the Philippine Islands thinks so and has thus grabbed an opportunity to reach out to people who may otherwise be intimated to go to a physical branch to discuss concerns about savings, investments or borrowing.
BDO aims for 20% loan growth
Banco de Oro Unibank aims to sustain a 20-percent expansion in its loan book each year for the next three to five years, backed by a recent $1-billion core or tier 1 capital infusion from a landmark stock rights offering.
IT solutions a must for complex bank transactions
Banking has become so complex that, for an institution to thrive in the industry, it will need to have an edge in smartness and sophistication.
Bank transactions made easy through Mobile Apps for smartphones
The country’s largest foreign bank recently unveiled a suite of Mobile Banking Applications for three platforms – Android, BlackBerry and iPhone. Citibank’s latest move enables both its credit card and bank clients to access their accounts and complete a range of banking transactions using their preferred smartphones.
Santander’s Indian call centers to return to UK
Spanish-owned Santander UK is returning its Indian call centers to Britain following a high number of complaints from customers, the bank said on Friday.
On eBay, cars are going fast
BANKS AND companies wanting to dispose of their used car fleets faster and more efficiently now have a new backyard to showcase their wares—a backyard that can be accessed in a matter of seconds via the digital world. eBay Philippines, which operates the largest e-commerce marketplace in the country, recently upped the ante once more [...]
Study says Web users worry about snooping businesses
NEW YORK— It’s not Big Brother, but “big business” that Internet users are more worried about. A new survey found that nearly half of Internet-connected Americans age 16 and older worry about businesses checking what they do online. By comparison, 38 percent worry about the government doing so. Not that those concerns are stopping people [...]
Iraq to bring banks to the masses – by mobile
BAGHDAD – Just a fifth of Iraqis have bank accounts, but 70 percent have mobile phones, so Baghdad is hoping to close the gap by getting people to open accounts, make payments and transfer cash – all via mobile. In a country that is one of the most corrupt and violent in the world, the [...]
US banks, companies issue warning after email hack
WASHINGTON—Computer hackers gained access to the email addresses of customers of several large US banks and other companies in a potentially huge data breach at US online marketing firm Epsilon. Banking firms Citigroup, JPMorgan Chase and Capital One, retailers Best Buy and Kroger and home entertainment provider TiVo were among those informed by Epsilon that [...]
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