Midland: 150 Years of Banking Business.

Chapman, S. D.; Holmes, Alison; Green, Edwin

doi:10.2307/2596069

Cited by 10 publications

(1 citation statement)

References 0 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…In the absence of electronic fund transfers or global financial institutions, correspondent banking relationships allowed many banks to grow their balance sheet substantially. For instance, London-based Midland Bank (today HSBC), was able to claim the accolade of "biggest bank in the world" in terms of assets in the 1940s and 1950s thanks to correspondent banking agreements with banks across the world (Holmes & Cooper, 1986). In subsequent decades, the global payment system based on cross-border, inter-bank relations had to deal with the growth of globalization, the liberalization of payments, disruptions to the international monetary system, a series of high-profile bank failures, and the advent of ICT-led innovation (Shenk, 2021).…”

Section: Research Context and Motivationmentioning

confidence: 99%

Local Adaptation of Work Practices: The Case of BancoEstado’s “CajaVecina” Correspondent Banking System

2022

View full text Add to dashboard Cite

This article contributes to the discussion of everyday domestic finance technologies by looking at CajaVecina, a correspondent banking network coordinated by BancoEstado, a leading Chilean financial institution. Differences in perceptions between actual users and designers of ICT for development projects (ICT2D) emerged from structured interviews with executives of financial intermediaries, customers, and shopkeepers. The extent to which independent merchants operating CajaVecina’s bespoke terminals confront and solve the “design-actuality gap” questioned whether the CajaVecina system enabled neighborhood retail stores to act as a de facto bank branch. Empirical results suggested that was not the case. Instead of following strict contractual behavior, participants in the correspondent banking network addressed a design gap through social interaction and leveraging relationships with repeat customers. This behavior builds on information emanating from what they called “operating quotas.” Operating quotas enabled BancoEstado to diversify risk, document financial services habits, and forecast the performance of merchants (particularly small, independent retail shops). Merchants used trends in operating quotas to tailor services offered through the CajaVecina terminal while aiming to increase the loyalty of trusted customers. These results further the understanding of correspondent banking services aiming to increase financial inclusion by providing evidence of a previously unexplored aspect of these networks, where social dimensions take precedence over economic, financial, and technological aspects.

show abstract

Section: Research Context and Motivationmentioning

confidence: 99%

Local Adaptation of Work Practices: The Case of BancoEstado’s “CajaVecina” Correspondent Banking System

2022

View full text Add to dashboard Cite

show abstract

Export Bankers: The Migration of British Bank Personnel to the Pacific Region, 1850–1914

Green¹

1994

Pacific Banking, 1859–1959

View full text Add to dashboard Cite

Capitals of Capital

Cassis

Collier²

2006

167

View full text Add to dashboard Cite

International financial centres have come to represent a major economic stake. Yet no historical study has been devoted to them. Professor Cassis, a leading financial historian, attempts to fill this gap by providing a comparative history of the most important centres that constitute the capitals of capital - New York, London, Frankfurt, Paris, Zurich, Amsterdam, Tokyo, Hong Kong, Singapore - from the beginning of the industrial age up to the present. The book has been conceived as a reflection on the dynamics of the rise and decline of international financial centres, setting them in their economic, political, social, and cultural context. While rooted in a strong and lively historical narrative, it draws on the concepts of financial economics in its analysis of events. It should widely appeal to business and finance professionals as well as to scholars and students in financial and economic history.

show abstract

Midland: 150 Years of Banking Business.

Cited by 10 publications

References 0 publications

Local Adaptation of Work Practices: The Case of BancoEstado’s “CajaVecina” Correspondent Banking System

Local Adaptation of Work Practices: The Case of BancoEstado’s “CajaVecina” Correspondent Banking System

Export Bankers: The Migration of British Bank Personnel to the Pacific Region, 1850–1914

Capitals of Capital

Contact Info

Product

Resources

About