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Bank Director Magazine - Retail Banking 101 While investment banking and commercial lending conjure up images of pin-striped executives engaging in intense, high-stakes deals, retail banking is more likely to evoke images of soccer moms standing in line to make deposits. Although board members rely on the CEO and managers to keep the retail banking operation humming, they have a duty to ensure that the value of the institution is being leveraged to its highest potential. Retail banking comprises various deposit products—including checking, savings, and time-deposit accounts such as certificates of deposit—as well as various asset-based products, such as auto lending, credit cards, mortgages, and home equity loans. www.bankdirector.com /issues/articles.pl?article_id=11512   (2909 words)

Retail Banking Applications | Chordiant At the same time, banks are determined to maximize the efficiency of large, widely dispersed operations to reduce the costs for delivering the highest quality support to their customers. The Royal Bank of Scotland Group is the second largest bank in the UK and in Europe and ranks fifth in the world. Bank of Ireland is the number one Bank for business in Ireland with dedicated business relationship managers available through each of its 270 strong nationwide branch network and over 50,000 registered users for its 'Business on Line' service. www.chordiant.com /retailbanking/overview.html   (753 words)

Retail banking - opportunities and challenges Retail banking is, however, quite broad in nature - it refers to the dealing of commercial banks with individual customers, both on liabilities and assets sides of the balance sheet. Retail banking in India is not a new phenomenon. How far the retail banking is able to lead growth of the banking industry in future would depend upon the capacity building of the banks to meet the challenges and make use of the opportunities profitably. www.ramsbay.com /gopilal.php   (3264 words)

About Bank One - Retail Banking   (Site not responding. Last check: 2007-10-26) In 1998, the Retail Banking Group pursued its goal to be the premier national retailer of financial services to individuals and small businesses. Bank One was one of the first financial services companies to create a national brand identity to enhance customer loyalty. In 1998, the Retail Group reinforced the message that Bank One is more than a bank -- it is a company that helps customers develop financial solutions and achieve their dreams. www2.bankone.com /about/reports/rb   (560 words)

"Retail Banking" Definition Retail banking is typical mass-market banking where individual customers use local branches of larger commercial banks. Retail Banking - Retail banking is typical mass-market banking where individual customers use local branches of larger commercial banks. Retail Banking : retail banking is typical mass-market banking where individual customers use local branches of larger commercial banks. www.level2.ru /dictionary/r/retail_banking.html   (105 words)

Retail Banking Retail Banking is one of the most dynamic and changing industries worldwide. Retail banking in each country has unique characteristics reflecting usage and customs. The Retail Banking models provide a comprehensive data and reporting architecture to address the needs of retail banks across their business. www.adrm.com /7_retailbank.htm   (196 words)

Focus in world retail branch banking shifts from cost-cutting to business growth through relationship building - - ... The average price of basic banking services in the 2005 report is €78, with prices between countries ranging from €25 in the Netherlands to €137 in Switzerland, which is a 1:5.5 range. Retail banks in mature markets will move away from cost cutting to concentrate on increasing their share of wallet with high potential/high value customers over the next three years. Report interviews found that while over 80% of banks are currently developing a relationship strategy for high potential customers, less than 10% believe they have successfully implemented structured approaches covering the full scope of retail banking. www.ing.com /group/showdoc.jsp?docid=106301_EN&menopt=prm|pre|apr|005   (851 words)

Capco - Industry: Retail banking The retail financial services (RFS) sector covers all banking, insurance and investment management services to individuals and small businesses - mass retail, mass affluent, and private banking. Retail financial services have historically been more notable for the differences between different regional markets than any other segment of our industry. That is changing.  More cross-border/cross-market mergers are taking take place - Santander/Abbey and ABN/Unicredit, for example. Capco's clients include many leading retail financial services companies in Europe and North America.  The following is just a selection of some of the work that we have done to help these companies in their efforts to transform their businesses. www.capco.com /generalns.aspx?id=881&scripting=false   (428 words)

Retail Banking In China - Forbes.com   (Site not responding. Last check: 2007-10-26) Domestic banks can't serve this segment effectively because they lack risk-assessment skills in retail lending and a sales-and-service culture in their operations, which focus primarily on processing deposit account transactions. McKinsey's surveys of Asian banking consumers show that affluent Chinese are less satisfied with the level of service they receive than are their counterparts elsewhere in the region, and that they would switch to banks providing better service even at the cost of higher fees or interest rates. Foreign banks, with their greater experience in serving the affluent market, are thus well positioned to capture this opportunity, for they will have to provide only a relatively small number of branches in a few big cities. www.forbes.com /work/2004/11/04/cx_1104mckinseychina4.html   (848 words)

McKinsey & Company - Banking & Securities - Achieving Excellence in Retail Banking Achieving Excellence in Retail Banking highlights the key tasks and priorities that nine banks, which emerged at the top of the industry between 1998 and 2001, embraced on their way to world-class results. Over the past two years, McKinsey and Company's Retail Banking Practice has invested heavily in a major research effort to identify best practices around the world, the drivers of excellence and the winning concepts in retail banking for the years to come. We feel that its timing could hardly be better as the banking stars of yesterday – such as investment banking – have lost their luster, and banks are turning their attention once again to the retail business. www.mckinsey.com /clientservice/bankingsecurities/latestthinking/achievexce.asp   (327 words)

MDM Financial Group/Strategic Business Units/Retail Banking   (Site not responding. Last check: 2007-10-26) The development of retail banking is a key aspect of MDM’s continued transition into a full-service diversified banking group. The Bank’s aim is to grow retail deposits in order to expand, diversify and lengthen the maturities of the deposit base, and thereby support further expansion of lending operations. The volume of retail loans of the MDM Bank Group reached U.S.$ 513.9 million from which car loans have amounted for approximately U.S.$404.8 million as at 31 December 2005. www.mdmbank.com /content.htm?folder=1515   (710 words)

Citigroup's Product Lines   (Site not responding. Last check: 2007-10-26) Retail Banking delivers a wide array of banking, lending, insurance1, and investment services2 to individual consumers around the world. Retail Banking provides banking, lending, investment and insurance services to customers through retail branches, offices, independent brokers and electronic and other channels. Completed acquisition of First American Bank in Texas, adding over 100 new branches to the Citibank retail banking network in the U.S. Completed $81.4 billion of its 2003 commitment of $200 billion for affordable housing to low-and moderate-income, minority, and underserved families through the end of the decade. www.citigroup.com /citigroup/about/productlines/retailbank.htm   (577 words)

Retail Banking System - METASOFT The retail banking system "Metacard" has a set of tools enabling banks to build their payment systems for individual business by themselves. The retail banking system "Metacard" is comprised of the central core that holds the information about clients, accounts, banking products and services, and modules implementing these products and services. The retail banking system "Metacard" supports a multiinstitution model of business organization allowing to organize individual work with each banking entity participating in the system within the single installation. www.metasoft.com.ua /eng/products/financial/banking.html   (227 words)

Retail Branch Banking The greatest challenge faced by today's retail banks is how to provide their customers with convenient banking — for if they do not, a new competitor will find a way of doing so. One senior manager at a major Australian bank says his group discusses this issue often, and feels that banks are in grave danger of becoming irrelevant. However, technology developments are now enabling people to use their own equipment to obtain access to a bank, posing for the banks the challenge of how to hold on to their customer base. www.marketresearch.com /researchindex/432715.html   (404 words)

Infosys - Media - Press Releases | Core Retail Banking, Retail Banking Reference Architecture As banks shift from legacy IT platforms to more modern, flexible and web - enabled platforms, it is critical for them to implement and deploy new banking solutions on time, on budget and with no disruption to their business operations. The Retail Banking Reference Architecture offers a low - risk path for migration needs, offers banks a platform to keep pace with changing customer needs and market dynamics, and creates a competitive differentiation in their products and services. Today's announcement of the Retail Banking Reference Architecture is an example of how we work together to provide our mutual customers with the tools needed to seamlessly implement our enterprise banking solutions,” said Merwin Fernandes, vice president and head of sales and marketing, Banking Business Unit, Infosys Technologies Ltd. www.infosys.com /media/press_releases/retail_banking_reference_architecture.asp   (946 words)

JP Morgan acquires retail banking business - Banking Business Review US investment bank JPMorgan Chase has acquired the retail arm of the Bank of New York in exchange for the company's corporate trust operations plus a cash payment of $150 million. Bank of New York president Gerald Hassel said that the board had been considering an exit from the retail business for a while before the deal. Under the terms of the deal, The Bank of New York businesses are valued at a premium of $2.30 billion and the JPMorgan corporate trust business is valued at $2.15 billion. www.banking-business-review.com /article_news.asp?guid=4302BC45-9F8C-4CD5-987F-E8040F640379   (311 words)

rbc banking   (Site not responding. Last check: 2007-10-26) The Royal Bank of Canada RBC has a vision: quotAlways earning the right to be ourclients Client has a specific fund that RBC Banking is unable to offer. Thanks to RBC Centura Banks, there39s a bit of the Great White North in the South.Through principal operating unit RBC Centura Bank, the subsidiary of Royal. The Royal Bank of Canada RBC has announced a new investment opportunity.with a conventional trade bank and I want the working capital by Islamic way.. www.mediasport.ru /rbc-banking.htm   (936 words)

Retail Banking - Financial Services - UK & Ireland - Cisco Systems   (Site not responding. Last check: 2007-10-26) Retail Banks are focusing on providing multi-channel banking so customers can access any of the bank's channels, such as ATMs, Call Centres and Branches and the internet with the same high level of service and information richness. The bank gains a vision of all of a customer’s interactions with the institution which improves relationships, reduces costs and enhances cross selling. The retail branch is at the core of this strategy. www.cisco.com /global/uk/solutions/ent/fs/fs_rbanking/rbanking_home.shtml   (306 words)

Commercial and Retail Banking   (Site not responding. Last check: 2007-10-26) Banking professionals today need to focus on ever expanding client needs and expectations. They need excellent relationship skills to administer the bank’s policies and outstanding financial skills to monitor credit quality standards and sales practices. For consumer banks, we offer courses that range from basic deposit accounts to small business banking to investment services. www.zoologic.com /solutions2.html   (160 words)

Retail Banking BANCS Deposits comes with ready to use screens, workflows and transaction sets which can be customised to work intuitively in all banking environments, providing a familiar "look and feel" on any technology platform. Islamic banking practices that may be broadly classified as deposits and lending activity are supported. In either of these configurations it has the capacity to act as a stand-in authorisation system in the event of host non-availability (batch window, system maintenance), allowing continued transaction processing until the host system is restored. www.fns.com.au /retailbanking.htm   (712 words)

Retail Banking Law Australia - Clayton Utz - Retail Banking   (Site not responding. Last check: 2007-10-26) Retail banking products are becoming more sophisticated and delivery channels are changing, due to: Members of our team are also highly sought as speakers in Retail Banking and are consulting authors and editors of the Australian Consumer Credit Law Reporter (published by CCH). The decision of the House of Lords in National Westminster Bank plc v Spectrum Plus Limited [2005] UKHL 41 (30 June 2005) has important ramifications for the manner in which security is created over book debts. www.claytonutz.com /areas_of_law/controller.asp?aol=33   (484 words)

Retail Banking Industry Grapples with Core Systems Retail banks have to continue conducting business under all conditions, even in times of disaster. This architecture offers a low-risk path for migration needs, offers banks a platform to keep pace with changing customer needs, and enables them to differentiate their products and services from those of their competitors. Whether they are migrating from legacy systems and applications, rehosting applications, delivering products and services in real-time through multiple channels, or ensuring that their systems will continue to operate at full strength during a crisis, retail banking companies can optimally tackle these problems through an open systems approach. www.sun.com /solutions/documents/articles/fn_ret_core_aa.xml   (1174 words)

i-flex solutions - retail banking technology Core banking systems are the backbone of a financial institution’s entire technology infrastructure, and, therefore, crucial to continued success. Despite their high level of importance though, many institutions are running outdated systems that are not only costly to maintain, but which hamper their ability to best serve their clients and quickly launch new products. The need to strengthen consumer confidence in the online banking channel, regulatory pressures, and mounting fraud attacks are forcing banks around the world to step-up online authentication and fraud detection. www.iflexsolutions.com /iflex/articles/RetailBanking.aspx   (137 words)

Union Bank for Savings & Investment We at Union Bank for Savings and Investment offer our clients the opportunity to own their dream home through a housing loan with easy and convenient payment terms at competitive interest rates. The Union Bank for Savings and Investment Visa Cards: Golden, Silver and Local are accepted at more than 10 million establishments and access to more than 750,000 ATM machines around the world. Union Bank for Savings and Investment in its continuing efforts to meet the diverse needs of its clients has developed its electronic Services, to be more distinctive and more efficient. www.unionbankjo.com /Retail.html   (954 words)

Schwab plans move into retail banking In a move to diversify its operations and enhance its revenues, Charles Schwab Corp. intends to offer full-fledged retail banking services by the middle of next year. The addition of banking services also allows Schwab to offer a wide range of financial services to its clients. The act erased Depression-era banking laws that prohibited financial companies from diversifying across a spectrum of services, and for the first time in 70 years allowed banks to also offer insurance and brokerage services. www.sfgate.com /cgi-bin/article.cgi?file=/chronicle/archive/2001/10/11/BU164491.DTL&type=business   (512 words)

Sun in Retail Banking Sun Microsystems has been a presence in retail banking since the mid-1990s, when forward-thinking companies began to grasp the potential of the Internet. Working closely with ISV partners, Sun is helping banks create a single Web-based channel infrastructure that makes it easier to provide high-quality service and, as a result, retain customers. Sun is ready to help banks install an e-payments infrastructure that will allow them to move existing retail relationships to a Web-based paradigm, then take advantage of new opportunities as e-payments evolve. www.sun.com /solutions/documents/articles/fn_retailbank_over_aa.xml   (908 words)

IBM - IBAS Retail Banking Systems   (Site not responding. Last check: 2007-10-26) Retail banking systems for the banking and finance industry. IBAS Retail Banking Systems include, but are not limited to, applications for handling the administration of collateral, credit and deposits administration, and teller processes. The solution is further enhanced by allowing interfaces with the bank's preferred security solution. www.ibm.com /partnerworld/gsd/solutiondetails.do?solution=14588&expand=true&lc=en   (322 words)

Marshall BankFirst | Retail Banking   (Site not responding. Last check: 2007-10-26) At Marshall BankFirst, we have combined two banks, Marshall Bank N.A. and BankFirst S.D., with long-established records of excellence and success to form a leading-edge banking alternative. With the banking landscape changing rapidly, our clients count on us to present a contemporary approach to banking's new challenges. In addition to traditional banking services we specialize in the origination, ownership and servicing of commercial loans. www.marshallbankfirst.com /Retail_Banking   (242 words)

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