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

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

Page 1: Current future trends for rural banks to consider in providing greater access to banking services
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@15!

Page 4: Current future trends for rural banks to consider in providing greater access to banking services
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Factors Affecting Banks

Rural Banks

Changing Markets

Increasing Competitio

n

New Technologies

Inclusive Regulations

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Wider Consumer Choices

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Multiple Borrowings & Over-Indebtedness

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Interest Rate Transparency

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RBAP Pricing Transparency Workshops 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

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More Discriminating Clients

Microinsurance

ATM Cards

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Addressing the Needs of your Market

TRADITIONAL NEW

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Inclusive Regulations Enabling Greater Outreach

Micro Banking Offices

More micro loan products(Housing Microfinance, Micro Agri)

Microsavings products

Microinsurance

Branchless BankingMobile E-Money Cash Card ATM Debit Card

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Micro Deposits

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New Technologies & Channels

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The rise of Mobile Banking Apps

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Mobile Money PlatformsMobile Money Platforms

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Today, Rural Banks Can Offer the Following Today, Rural Banks Can Offer the Following Mobile Phone Banking Services…Mobile Phone Banking Services…

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Card-based ATM Banking

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Use of Third-Party Networks

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Rural Bank Responses Market trend responses

o Product diversificationo Customer retention programso Introduce payment services

Competitive responseso Use MBOso Introduce micro-deposits & mobile money

transfer to ‘up-sell’ other products/servicesUse third-party networks to outsource KYC &

market bank services

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Rural Bank ResponsesNew Technology Adoption

Deploy Cash/Debit Card Mobile Phone Banking “Agent” Channels Upgrade Core Banking Solutions Utilize the Power of Social Networks

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T hings to watch out ...

2. 31. Outreach

2. Competition3. Efficiency4

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Example of Crowdsourcing

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Answers from the Experts

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Answers from the Experts

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Page 38: Current future trends for rural banks to consider in providing greater access to banking services

M a r a mingS a l a m a t!!!

Page 39: Current future trends for rural banks to consider in providing greater access to banking services

EMAIL: [email protected]: @jvowens

Websites:www.rbapmabs.org

www.mobilephonebanking.rbap.orgmicroinsurance.rbap.org

www.youtube.com/rbapmabsFacebook:MABS Phil


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