All articles by Douglas Blakey
Douglas Blakey
National Bank of Pakistan to increase ATM network
National Bank of Pakistan (NBP) is to augment its ATM network by installing an additional 150 ATMs, from self service vendor NCR. The additional ATMs will increase NBPs ATM network to more than 500 units across its 1,260-strong-branch network.
No shocks in ICB’s final report
According to the ICB, the cost of the reforms to the industry will be in the region of £4bn ($6.4bn)to £7bn.
Bank of America’s Moynihan: “We don’t have to be the biggest. We have to be the best”
Bank of America (BofA) CEO, Brian Moynihan, has set out further details of Project New BAC, the lenders year-long cost-cutting initiative. Speaking on 12 September at Barclays 2011 Global Financial Services Conference, Moynihan said that five out of BofAs six business units were generating solid operating profits.
Retail banking set to bear the brunt of Bank of America cost-cutting
Bank of America (BofA), the countrys largest retail bank by assets (and meantime at least, by branches)is set to announce a major cost-cutting programme, centred on its retail banking operations. While US reports claim that BofA has cut at least 6,000 jobs in the past year as part of its reorganisation under Moynihan, in the year to 30 June, total staff numbers at BofA actually rose, by a net 3,000 year-on-year to 287,839.
IPF agrees 3 yr, £10m deal with Fujitsu
In terms of the deal, Fujitsu will provide IPF with a private cloud-based infrastructure service, also known as “infrastructure as a service” (IaaS). IPFs applications and data will be hosted by Fujitsu, with servers and storage provided on a pay-per-use model with a 12 month transition programme already underway..
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Reserve Bank of India to target inclusion
The Reserve Bank of India has revealed that almost half of the countrys population is unbanked. The Reserve Bank will now ramp up its efforts to encourage financial inclusion and says it is not only a social responsibility, but a business opportunity for the countrys banks. Douglas Blakey reports
Evolution of the data warehouse
Research from Oracle examines traditional approaches to data warehousing, how many of them failed during the financial crisis, and discusses the resulting requirements and marketplace demands now prevalent. Among many lessons learned as a result of the economic crisis, it is becoming crystal clear that critical decision-making hinges on the quality of analytical data in financial services.
Editor’s letter: Retail Banker Interactive – get involved
If you are a retail banking professional, our new blog, Retail Banker Interactive (www.retailbankerinteractive.com) is the place for you to engage with your peers. So come on, contribute to a forum, vote on a poll or write a blog All of this can be done behind the anonymity of your username so be as provocative as you dare.
Workforce optimisation: is now the time?
While digital channel growth accelerates, the humble bank branch will not become extinct any time soon But if branch networks are to operate profitably, bankers need to bear down on costs A report from Celent suggests that workforce optimisation will increasingly play its part in branch channel transformation.
H1 net profit rises by 15% at Morocco’s Attijariwafa Bank
Net profit at Attijariwafa Bank, Morocco’s largest lender, has increased by 15.2% year-on-year to MAD2.2bn ($227.5m), for the six months to 30 June. Attijariwafa ended the first half with a distribution network of 2,205 branches and agency offices (up 18% from a year ago) serving 4.8m customers; 1,655 outlets are based in Morocco and 550 outside its domestic market.