Issue 16
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Winning In The Turns

These are difficult times. The past year has witnessed a level of turbulence in the financial markets not seen since the Great Depression of the 1930s. The ongoing credit crisis that originated in the subprime mortgage market in the US, in the second half of 2007, has since spread across not only to the financial services industry globally but to other sectors across the economic spectrum as well.

 
       
 
Feature
Enabling Customer Retention During Tough Times
Only 44 percent customers have confidence in the financial strength of banks according to a nationally representative US survey.

The global banking industry’s market value has been destroyed by almost $3 trillion – from $8.3 trillion at the end of 2007 to $5.7 trillion at the end of the third quarter of 2008. Nearly three years of market capitalization growth has been wiped out
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Kaleidoscope
The African: Banking Industry
Africa, the world’s second largest continent that covers nearly 6 percent of the Earth’s total surface area and 20 percent of the total land area, is a case study in contradictions. The continent has an abundance of natural resources such as minerals, timber and oil but it remains among the most underdeveloped regions in the world. Issues such as shortage of power and lack of adequate infrastructure coupled with government instability and the scourge of aids are some of the pressing concerns in the region.
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Tech Watch
Cloud Computing for Banks
For quite some time now, organizations have sought quicker, better and cost effective business
models in the areas of application development, deployment and management.
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Inside Talk
Interview with Mike Wood,
CIO Raiffeisen International
With its constantly expanding network in Central and Eastern Europe (CEE), Raiffeisen International Bank- Holding AG has developed into one of the region’s
leading banking groups.
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First Look
New Drivers of Performance in a Changing Financial World
The financial services industry has experienced several changes in recent decades.
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