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Association
of Foreign Banks |
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The AFB has over 150 members ranging from some of the world's biggest
banks down to some of the smallest. The role of the AFB is to provide
a forum for the sharing of information on industry issues for the
mutual benefit of the members and to make effective representation
to the UK government, to regulatory odies and to industry as well
as other peer group associations.
Foreign banks of whatever size do not necessarily have the same
'voice' that UK domestic institutions have and working as a collective
can sometimes be far more effective.
As well as being a vehicle for representing views the AFB has a
very active role in enabling interaction amongst the members and
in providing events that will pass on critical information in an
increasingly complex environment.
A look at the AFB website will reveal that current seminars include
topics such as a regulatory overview as well as both taxation and
insolvency. To do this effectively, the Association must have a
complete and up to date record of not only who the member organisations
are but also of all the relevant contacts within those organisations.
Firstly, there were quite a large number of contacts who were highly
mobile between organisations and very often, in the smaller banks,
multi role.
As James Tree, who is a board member and secretary of the AFB, explains
" We had a complicated card record of each organisation and
its members and a procedure for printing out sticky labels for each
different interest area.
We only have a very small staff and this was laborious to say the
least, difficult to keep up to date and incapable of providing a
mechanism that would allow the members to interact with each other."
The solution to the Associations problem lay, inevitably, with
technology - but less inevitably - without a great deal of complexity
or expense. Now advised by Greenwich based accredited Maximizer
CRM specialist - Wavehill - the AFB developed an approach that is
elegant in its simplicity.
This in itself solves the AFB's 'who does what problem' but Wavehill
were able to add a refinement that conferred a real interactivity
for the members.
A once only entry process so that the AFB doesn't
have to carry out any work at the website end.
Any AFB member can now search for a contact within another organisation
or possibly a group of contacts. So, for example, a search might
be made for all risk managers within Italian and Spanish banks.
This would have been impossible before but now is a very straightforward
process (emails can be sent direct from the AFB website).
As a result of some simple but well executed technology, the Association
of Foreign Banks has been able to extend its remit to the members
by providing a dynamic interactivity as well as the high level functions
of an industry forum.
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