Point 2.15 in the Banking code of conduct reads : (we , the banks will ) Act with uncompromising integrity and fairness so as to promote complete trust and confidence in ourselves(the banks) and as an industry

Meaning of the words :

Uncompromising : not willing to give ground or make concessions about......

integrity: adherence to moral and ethical principles

fairness: absence of bias in specific realms

Trust : to be able to rely on........

Confidence: The hypothesis that a chosen course of action is the best and most effective.

This is a point that is being made by the banks that they will adhere to and we will be measuring actions of them against this.

See the Brandometer


Wednesday, November 3, 2010

The (un) human factor

It is a fact of life that humans (as we know them) like to think they are in control. The masters of the universe.
Of course we are, We even create our own universes and then these universes start controlling us.Banks are a classic in this regard. They create systems which is to be followed to the nth degree. Whether you are the client or the servant (just another name for staff member)
A case in question: Ask any bank employee (and I mean anyone) to explain to you how they calculate interest on what you owe them. In detail off course. I have not met one that can do that! "There is system sir.............You cannot challenge it, as it was created by the ultimate fundis! (sir). It is Dogma in the bank" (see definition of Dogma)

About systems . It will control every action of every staff member - there is just sooo much information that any bank employee can comprehend . No matter what the law says - do as the bank says! Rule one......The client is always right. Rule 2. Whenever a staff member is involved disregard rule one. Rule 3. When it seems that the client is actually right, see rule 2. Rule 4. When it seems that the client is really getting the best of the argument, act dumb and run like hell to get an expert(which does not exist in the bank anymore - so just do not come back till you find the elusive expert)

Full details of an actual case can be had by sending me an email ( email address : bankdumbness@brandow.co.za)

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