All articles by Douglas Blakey
Douglas Blakey
9M11 profits rise by 12.9% at SBI
State Bank of India (SBI) has posted a net profit of INR82.4bn ($1.81bn) for the nine month period to 31 December, up 12.9% from the corresponding period a year ago Third quarter net income increased by 14.1% year-on-year to INR28.3bn, following a growth in demand for credit and a rise in fee income.
Santander inks Diebold ATM deal
Deployment of the ATMs, all of which will use Diebold’s Agilis software, will be completed in the first half of 2011. According to Diebold, the ATMs will help Santander to offer a level of service closer to the branch experience, with added services such as deposit automation, advertising and other advanced banking transactions.
Poland’s Bank Millennium rolls out iPhone app
Polish lender Bank Millennium has rolled out a mobile banking service with an app for Apples iPhone. Bank Millennium will extend the service later this year with an app for Android-platform smartphones. The service enables Bank Millennium customers to check their account balance and transaction history; make internal and domestic transfers, repay credit card debt and top-up mobile phone balances.
Open Branch exceeds Dexia targets
From multi-million dollar retail stores modelled on Apples iconic outlets to budget transaction-oriented units, branch investment programmes have become a regular feature of banks channel investments But in terms of scale and ambition, few projects match Franco-Belgian lender Dexias
Another poor year, with few exceptions
Banking sector shares again performed poorly in 2010, underperforming global equities by a double digit rate With a few exceptions in the emerging markets, it was another year to forget Looking ahead to 2011, it is banks in these markets that are likely to offer superior growth prospects
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Technology spurs profit recovery
Leading executives from four of the largest suppliers to the global retail banking market Oracle, Temenos, Microsoft and IBM discuss with Douglas Blakey the state of the market, the evolving role of IT and how banks can ramp up their efforts to return to pre-crisis levels of profitability.
Multichannel priorities for 2011
The sixth annual Efma-Finalta report on multichannel banking in Europe finds that improving co-operation between branch, internet and contact centre channels is the top strategic priority for nearly half of Europes retail banks in 2011 Improving the co-operation between branch, internet and contact centre channels is the most pressing channel priority for almost half (45%) of the European banks surveyed in the sixth annual Efma-Finalta report on multichannel banking.
Banco Best releases eBudget app
Banco Best, the direct banking subsidiary of Portugals Banco Espirito Santo, has launched an app for Apples iPhone, iPod Touch and iPad devices, dubbed eBudget. The app enables users to store, organise and manage daily expenses via their mobile device including graphic analysis, expenditure location on Google Maps, and the option to attach an image to each item of expenditure. Within 48 hours of its release in the second week of January, eBudget ranked number one on the Apple app store for Portugal.
Banca Transilvania drops Misys for Oracle
Flexcube will support the banks four main business lines retail, corporate, SME and health care financing and replace the existing Misys system over the next 18 months
Banco Davivienda agrees 7 yr ATM outsourcing deal with Diebold
Banco Davivienda, Colombia’s third-largest bank by assets, has agreed a seven-year ATM outsourcing agreement with US-based self-service vendor Diebold. Thedeal includes installation of approximately 1,260 ATMs, remote management and maintenance services for Daviviendas entire ATM fleet. In a statement, Diebold said that approximately 1,260 Opteva ATMs have been deployed under the agreement to date out of the bank’s network of nearly 1,400 ATMs.