Everything that you want to know about Retail Banking
March 27, 2017
Brown Mark (73 articles)

Everything that you want to know about Retail Banking

Retail banking service refers to distinctive mass-market banking in which specific customers utilize local branches of bigger commercial banks. The main aim of the retail banking services is to act like a sole destination where an individual can find as many financial services as possible supplied to meet the needs of the clients.

The last decade has witnessed the arrival of Retail Banking in the international front. It is insistently changing, and the continuing global fiscal crisis has put an influence on the directive connecting the banking industry. As of late retail banking services has moved into the future and stepped into brokerage accounts, wealth management services, retirement planning and private banking. One of the most prominent features of modern day is retail banking is the facilities that it has provided to its customers. Right from debit cards to ATM’s to credit cards to online banking retail banking and phone banking has delivered the consumers with the most suitable banking facilities.

Certain services are outsourced to guarantee financial regulations and certain other services often link with core retail banking accounts such as savings and checking to allow easier maintenance and transfers. The main idea is that a consumer can benefit banking services without paying any branch a visit for the same. In most circumstances it offers single window service which indicates that customers can visit one counter for any banking requirement.

Robert Stefanowski has more than twenty years of experience in retail banking. He says that smart banking solutions and innovative products make the retail banking services choice for thousands of users each day. Incredible offers, personalized solutions, least paperwork and fast turnaround times are some of the trademarks of retail banking services. Some of the common services that retail banks offer are listed below:

  • Educational Loans
  • Traveller’s cheques
  • Checking accounts
  • Mortgages
  • ATM cards
  • Credit cards
  • Savings accounts
  • Debit cards
  • Current accounts
  • Personal loans
  • Home equity loans

Apart from having experience in retail banking; Robert Stefanowski also has great knowledge about private equity as well as private and commercial banking. He is a lecturer at Imperial College, Cambridge University and London Business School. He has obtained his graduation from Fairfield University and an MBA in Finance from Cornell University. In 2009, the Prime Minister has appointed Mr. Stefanowski as a Representative of the Victoria and Albert Museum. At the World Economic Forum in Davos, Switzerland he is also a past participant in the Financial Services Industry Partnership. Mr. Stefanowski is Fellow of the University of Pennsylvania/Wharton.

As far as his professional career is concerned, he is the Managing Partner and Chairman of 3i Asia and the Americas, in addition to a member of the Group Investment Committee and 3i’s Executive Leadership Team. Mr. Stefanowski has spent almost fifteen years with General Electric Capital Corporation, most lately as CEO and President of GE Corporate Finance EMEA. He has also been elected as a Company Officer by the GE Board of Directors. As of now, he is associated with DFC Global, A Lone Star Company as the CEO.

Brown Mark

Brown Mark