Page 7 - Eurogiro News May2011_web version

Eurogiro News 7

The strategy of Al Barid Bank, Morocco, is to improve access to the banking system and support fnancial inclusion. One of the chosen ways is to open a variety of channels for remittance customers. Mouna Oukassou shared their experience and also explained how Eurogiro Cash International ® (ECI ® ) played a role as both a product and a processing engine within this strategy

“Regulators are your friends”. Guest speaker Hazem Elhagrasey, Head of Remittances, Al Rajhi Bank, stated that posts would be supported by clear regulation in the remittance space and should cultivate a good relationship with their local regulators. Coming from a bank with remittance origins, Hazem Elhagrasey stressed that a competitive remittance service was technology-driv-en and that, in his view, technology was under-utilised. He expected customers to seek immediate responses, accustomed as they were to mobile services in

other areas

On 10 May 2011, Sylvie Solignac from La Banque Postale in France (left with colleague Jean-Philippe Gauthier) succeeded Armin Brun, Swiss Post PostFinance, as chairman of the Eurogiro Board of Directors. Sylvie Solignac will be heading the Eurogiro community to bring Posts and banks together from all over the world to develop common busi-ness. Given the need for secure and cost effcient payment solutions, the potential embedded in the highly trusted public postal entities with their unmatched post offce network is un-paralleled. The Sep-tember 2011 ‘Eurogiro News’ will feature an interview with the new chairperson