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<a href="http://www.accessmylibrary.com/coms2/summary_0286-26229011_ITM" title="Facts and information about Emerging Markets IT: Herculean Task Will Reap Huge Rewards - Modernising Banks In The Emerging Markets Is An Enormous Undertaking But It Will Be Worth The Effort, Says Parveen Bansal.">Emerging Markets IT: Herculean Task Will Reap Huge Rewards - Modernising Banks In The Emerging Markets Is An Enormous Undertaking But It Will Be Worth The Effort, Says Parveen Bansal.</a>
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Emerging Markets IT: Herculean Task Will Reap Huge Rewards - Modernising Banks In The Emerging Markets Is An Enormous Undertaking But It Will Be Worth The Effort, Says Parveen Bansal.
(From The Banker)
Byline: PARVEEN BANSAL
Imagine modernising a bank that has 10,000 branches all with separate back offices and no connectivity between them. On top of this, the bank employs 200,000 staff but actually needs about a quarter of them. That is the scale of the problem facing bankers in the emerging markets.
They will definitely be the last to change but when they finally do the results will be dramatic. We are talking about the huge state-owned banks sprawled across approximately 19.8% of the world's land mass and bankers to 40% of the world's population: namely the unreconstructed behemoths of China, India and Russia.
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