Posted by Anuradha Mallya (View Profile | View All Posts) at 12:48 PM
In my last post, I briefly discussed the historic evolution of non-branch banking channels in the Indian context. Almost every channel has a tremendous potential for growth, albeit from a small base. Going forward, banks will have to focus as much on the distinct financial needs of vast swathes of the population as on technology and innovation in order to accelerate the uptake of alternative and digital channels.
Continue reading "The evolution of banking channels in India - II" »
Posted by Anuradha Mallya (View Profile | View All Posts) at 7:14 AM
The banking sector's first ATM debuted in the late sixties, nearly five-and-a-half centuries after the world's first modern bank. From there, the pace of automated customer interfaces really stepped up - online banking in the mid-nineties, mobile banking in the early aughts and social media access in 2012. Today, banks are already in a race to conquer the wearables market even though the concept itself is yet to completely break free of the proof-of-concept stage.
Continue reading "The evolution of banking channels in India - I" »
Posted by Anuradha Mallya (View Profile | View All Posts) at 1:36 PM
After having emerged relatively unscathed from the Great Financial Crisis, Australia's banking sector has now been ranked as one of the five safest in the world
. Even in the immediate aftermath of the crisis, the country's banks as well as the regulatory mechanism were touted as benchmarks for fiscal prudence, resilience and oversight.
Continue reading "Banking in OZ" »
Posted by Anuradha Mallya (View Profile | View All Posts) at 5:30 AM
According to recent reports, the Philippines' banking sector will start implementing Basel III capital standards in 2014, notwithstanding the 2019 deadline. The country's banking sector was also among the few to emerge unscathed from the global meltdown of 2008. Some of the credit for both these mileposts is due to the tradition of conservative banking policy adopted by the Bangko Sentral ng Pilipinas (BSP), the country's Central Bank.
Continue reading "Conservative policy. Consistent progress." »