microfinance -- moving forward for rural banks
DESCRIPTION
A presentation by Atty. John V. Owens that discuss market, competition, and branchless banking trendsTRANSCRIPT
- 1. Microfinance Moving Forward for Rural Banks JohnV.Owens RBAPMABS 2011RBAPMABSRegionalRoundtableConference Hya=Hotel&Casino,Manila November9,2011
- 2. Factors Affecting Banks Increasing New competition technologiesChanging Inclusive markets regulations Rural Banks
- 3. Wider Consumer Choices
- 4. Multiple Borrowings & Over-indebtedness
- 5. More Discriminating Borrowers & SaversATM Cards Microinsurance
- 6. Increased Competition Commercial Banks Finance Rural Credit Companies Banks Cooperatives NGOs
- 7. New Technologies & Channels
- 8. Widespread Mobile Banking Technologies SMS Banking
- 9. Mobile Money Platforms
- 10. Use of Card-based Banking
- 11. Lower Cost of Technology
- 12. Use of Third-Party Networks
- 13. Are you using ! Social Networking & Crowdsourcing !to expand your market outreach?!
- 14. Inclusive Regulations Expansion of MBOs Introduction of Micro-Savings Reduced KYC Change in Effective Interest Rate Calculations Promotion of Consumer Protection Practices
- 15. Rural Bank Responses Market trend responses o Product diversication and improved customer retention programs o Introduce payment services Competitive responses o Use MBOs to reach new/underserved areas o Introduce micro-deposits & mobile money transfer as entry level product, up-sell other products/services o Use third-party networks to outsource KYC, expand reach, and offer new services
- 16. Rural Bank Response New Technology Adoption Deploy Cash/Debit Card, Mobile Phone Banking, and Agent Channels! Upgrade Core Banking Solutions! Utilize the Power of Social Networks! Inclusive Regulation Adaptation Review and Share Pricing Structure! Incorporate Consumer Protection Principles !
- 17. Things to watch out ...1. PricingTransparencyTieredPricing 2. CreditBureaus 3.LeverageTechnology 1. Outreach 2. Competition 3. Efciency 4.SocialNetworksCrowdsourcing
- 18. Regular Branches Branches &Oces OBOs MBOs MIS Technology ATMs Interfaces MobilePhones SocialNetworks POS Third Cash/Debit/ATM partyNetworks cards Agents
- 19. Thank You Email: [email protected] Websites:http://www.mobilephonebanking.rbap.org/ http://blog.mobilephonebanking.rbap.org/ Facebook: LinkedIn: Twitter: johnvowens John Owens jvowens