Current future trends for rural banks to consider in providing greater access to banking services

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Current future trends for rural banks to consider in providing greater access to banking services

  1. 1. @15!
  2. 2. 
  3. 3. Factors Affecting Banks Inclusive New Regulations Technologies Rural Increasing Changing Competitio Markets Banks n
  4. 4. Wider Consumer Choices
  5. 5. Multiple Borrowings & Over-Indebtedness
  6. 6. Interest Rate Transparency
  7. 7. RBAP Pricing TransparencyWorkshops for Visayas Rural Banks Mar 13-14 Cebu Mar 21 RBAP April 10 RBAP April 20 Iloilo City April 25 Cagayan de Oro City May 5 Bacolod May 11 RBAP
  8. 8. More Discriminating ClientsATM Cards Microinsurance
  9. 9. Addressing the Needs of your MarketTRADITIONAL NEW
  10. 10. Inclusive Regulations Enabling GreaterOutreach Branchless Banking Mobile E-Money Cash Card Microinsurance ATM Debit Card Microsavings products More micro loan products (Housing Microfinance, Micro Agri) Micro Banking Offices
  11. 11. Micro Deposits
  12. 12. New Technologies & Channels
  13. 13. The rise of Mobile Banking Apps
  14. 14. Mobile Money Platforms
  15. 15. Today, Rural Banks Can Offer the Following Mobile Phone Banking Services…
  16. 16. Card-based ATM Banking
  17. 17. Use of Third-Party Networks
  18. 18. Rural Bank Responses Market trend responses o Product diversification o Customer retention programs o Introduce payment services Competitive responses o Use MBOs o Introduce micro-deposits & mobile money transfer to ‘up-sell’ other products/services Use third-party networks to outsource KYC & market bank services
  19. 19. Rural Bank ResponsesNew Technology Adoption  Deploy Cash/Debit Card  Mobile Phone Banking  “Agent” Channels  Upgrade Core Banking Solutions  Utilize the Power of Social Networks
  20. 20. T hings to watch out ... 2.31. Outreach 2. Competition 3. Efficiency 4
  21. 21. Example of Crowdsourcing
  22. 22. Answers from the Experts
  23. 23. Answers from the Experts
  24. 24. M a r a mingS a l a m a t!!!
  25. 25. EMAIL: jowens@rbapmabs.org TWITTER: @jvowens Websites: www.rbapmabs.orgwww.mobilephonebanking.rbap.org microinsurance.rbap.org www.youtube.com/rbapmabs Facebook: MABS Phil

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