Banking News
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Banks place open data access firmly on the agenda following inquiry
(7 March 2017 – Australia) Australia’s “big four” banks have agreed to allow open access to customer data following a parliamentary inquiry that recommended banks be forced to give access to customer data to help fintechs now pushing against the market share of the banks.
New ANZ online tool helps Australian businesses expand internationally
(7 March 2017 – Australia) ANZ Group has launched a new digital tool to help Australian businesses plan for international expansion with a one-stop-shop that provides data-driven insights to support export plans. ANZ Be Trade Ready offers businesses information about benchmarking, forecasting of revenue and capital requirements, as well as access to information on Free Trade Agreements.
HSBC eyes India expansion as rivals retreat
(6 March 2017 – India) HSBC is preparing to wrest market share in India as its multinational rivals shrink into their home markets. The UKbased lender is banking on its global network and relatively good capital position to increase exposure to large companies in India.
Transaction banking acquisitions on the cards for BNP Paribas
(6 March 2017 – Europe) A senior executive at French bank BNP Paribas has said it would take over another cash management and trade finance business in Europe if the opportunity arose.
Deutsche planning major reorganisation
(6 March 2017 – Europe) Deutsche Bank plans to raise capital, list its asset management business and overhaul its business structure as it tries to reinvent itself after spending two years dealing with its past misdeeds and huge losses.
6 March 2017 – Trust in short supply as Top 3 dominates Trade Services in Asia
A staggering 75 percent of Corporates in Asia say that when it comes to Advice, they would use referrals or personal networks over their own bankers, the latest research from banking analysts East & Partners Asia (E&P) has found.