The decision by Bankers' Almanac to cease publishing the book reflects the ever-changing nature of the industry and demand for more frequently updated information catered for and provided by their online portfolio. Since the launch of Bankersalmanac.com in 1999 the database has grown significantly and the bi-annual publication can no longer reflect the depth and breadth of information available or the speed of update necessary for the competitive banking market. By providing key banking reference data through it's online or data services, Bankers' Almanac is able to provide professionals with comprehensive, instantly accessible and frequently updated information.
Kerry Hewson, Director, stated "The focus has definitely shifted to become more digitally minded. The challenge for us is always to meet the need for both increasingly accurate and comprehensive data, and, now even beyond that, to deliver functionality to enhance the user experience."
Bankers' Almanac was established in 1845 as a hard copy directory of banking information and since then has continued to develop innovative reference data solutions to meet the needs of the banking industry. To celebrate this momentous occasion Bankers' Almanac has commissioned an article by David Lascelles looking back at the changing banking landscape in the last 166 years. Visit Bankersalmanac.com and go to the Last Book section link from the home page. Additionally view extracts from the original book and an interview with the Kerry Hewson, Director.
This positive move will see continued investment in customer focused solutions. In addition to its intenational payments coverage, online propositions from Bankers' Almanac include the Due Diligence Repository, catering for the compliance market, and containing over 190,000 key KYC documents(1). Their latest product release, Credit Risk provides key financial data and tools for counterparty credit risk analysis. These market specific solutions represent the continual development and evolution of the portfolio of products serving the banking market.
*The Wolfsberg Group consists of the following leading international financial institutions: Banco Santander, Bank of Tokyo-Mitsubishi UFJ,
Barclays, Citigroup, Credit Suisse, Deutsche Bank, Goldman Sachs, HSBC, JP Morgan Chase, Societe Generale and UBS which aim to develop financial services industry standards, and related products, for Know Your Customer, Anti-Money Laundering and Counter Terrorist Financing policies.
** Internal statistics - March 2009- May 2011
(1)Internal Bankersalmanac.com June 2011 statistics