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Next Gen Banking
How Regulation and Technology is changing Banking in India
Ashish Banerjee, Technology Evangelist
@innomon
Agenda
New Banking Licenses
Technology Levers
What has Changed
New Opportunities
Why So Many Licenses?
New Licenses
Why so many types of Banks?
PPI (Prepaid Payment Instrument)
Payment Banks
Small Finance Bank
Scheduled Banks
What is Money
Money is a device for storing
and exchange economic value.
Storage of Value requires
Security and Stability
...
Stability
Stable organizations are required for Security and Stability needed for Storage
of Economic Value functionality ...
Agility
Transfer of Value functionality of Money need Agile & Innovative organizations
for high velocity , low value money...
Different Licenses for Agility and Stability
Transfer of Value: Agility and Innovations :
PPI (Pre Paid Instruments)
Payme...
What Has Changed?
100 = 10
Accounts opened in last 100 years equals the number of accounts opened in
last 10 years
For Bottom of Pyramid customers new Low Cost Innovations required for High Velocity low value transactions
Urban
PPI and Scheduled Banks will mainly focus on Urban population and top of
pyramid customers
Unbanked
Payments Banks and Small Finance Banks will focus on unbanked and rural
customers
New Opportunities
Urban
PPI and Scheduled Banks
Social Media is the new banking
channel
Mobile Banking Apps new
differentiators
Technology e...
Social
Social Media is the new channel
Twitter
Hashtag banking: Kotak
Money Transfer: HDFC
CRM integration: most banks
DM ...
Doorstep
Your Home is our branch
Mobile POS:
E-commerce and Local Commerce
Doorstep Full Service
Cash Delivered at Home
Ta...
Payments
Innovations and Agility
NFC POS
Payment Tokenization
NPCI UPI (Unified Payments
Interface)
Universal Payments Wal...
Unbanked
Low Cost Innovations
BC (Business Correspondent)
Tablet App with Offline first
embedded biometrics
Universal Bank...
Feedback Welcome at Twitter:
@Innomon
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Next Gen Banking Opportunities in Inda

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Why the regulator, RBI is issuing so many licenses? Making sense of it and finding opportunities for innovations.

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Next Gen Banking Opportunities in Inda

  1. 1. Next Gen Banking How Regulation and Technology is changing Banking in India Ashish Banerjee, Technology Evangelist @innomon
  2. 2. Agenda New Banking Licenses Technology Levers What has Changed New Opportunities
  3. 3. Why So Many Licenses?
  4. 4. New Licenses Why so many types of Banks? PPI (Prepaid Payment Instrument) Payment Banks Small Finance Bank Scheduled Banks
  5. 5. What is Money Money is a device for storing and exchange economic value. Storage of Value requires Security and Stability Exchange of Value requires Agility and Innovation
  6. 6. Stability Stable organizations are required for Security and Stability needed for Storage of Economic Value functionality of Money.
  7. 7. Agility Transfer of Value functionality of Money need Agile & Innovative organizations for high velocity , low value money transfer.
  8. 8. Different Licenses for Agility and Stability Transfer of Value: Agility and Innovations : PPI (Pre Paid Instruments) Payments Banks Storage of Value: Stability and Security Small Finance Banks Focus on rural and unbanked population Loans to small entrepreneurs and Self Help Groups Scheduled Banks Too Big to Fail Focus on conventional banking RBI recognised that it is difficult for one organization to pursue the divergent requirements for Transfer of Value and Storage of Value functions of Money
  9. 9. What Has Changed?
  10. 10. 100 = 10 Accounts opened in last 100 years equals the number of accounts opened in last 10 years
  11. 11. For Bottom of Pyramid customers new Low Cost Innovations required for High Velocity low value transactions
  12. 12. Urban PPI and Scheduled Banks will mainly focus on Urban population and top of pyramid customers
  13. 13. Unbanked Payments Banks and Small Finance Banks will focus on unbanked and rural customers
  14. 14. New Opportunities
  15. 15. Urban PPI and Scheduled Banks Social Media is the new banking channel Mobile Banking Apps new differentiators Technology enabled Doorstep Banking Payments Innovations Mobile commerce integration IMPS (Immediate Payment System)
  16. 16. Social Social Media is the new channel Twitter Hashtag banking: Kotak Money Transfer: HDFC CRM integration: most banks DM OTP Facebook Collaborative Saving: ICICI iWish CRM integration: most banks OAUTH Social Login DM OTP
  17. 17. Doorstep Your Home is our branch Mobile POS: E-commerce and Local Commerce Doorstep Full Service Cash Delivered at Home Tablet based branch bank at home Instant KYC Instant pre-activated account opening
  18. 18. Payments Innovations and Agility NFC POS Payment Tokenization NPCI UPI (Unified Payments Interface) Universal Payments Wallet Social Payments and Split Pay IMPS Mobile Immediate Payment system AEPS Aadhaar Enabled Payment System QR Code Local Commerce
  19. 19. Unbanked Low Cost Innovations BC (Business Correspondent) Tablet App with Offline first embedded biometrics Universal Banking App Financial Delivery Platform for Value Added Services, like, Railway Tickets, Micro Insurance, assisted e-commerce AEPS: Direct Subsidy Transfer Human ATM and Micro ATM Instant Inward remittance
  20. 20. Feedback Welcome at Twitter: @Innomon

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