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

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Atty. John V. Owens, COP of RBAP-MABS, presentation at the Visayas Confederation Meeting last March 15-16, 2012 at Cebu City

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!

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RBAP-MABS Participating Banks

• 120 participating rural banks

• 1,300 bank branches& OBOs

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RBAP-MABS Activities

Accredited Technical Initiatives and Training

Private Sector Partnerships

Microfinance Products and Services

Regulatory Compliance

Local & International linkages

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Factors Affecting Banks

Rural Banks

Changing Markets

Increasing Competition

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

MicrofinanceSalary LoansCommercial LoansAgriculture LoansDeposit ServicesRemittancesBill Payments

NEW

Housing MicrofinanceMicroinsuranceDebit/ATM/Cash CardsATM ServicesMicro-Agricultural LoansMobile Money ServicesMobile Phone BankingThird-Party Branchless

Banking Services

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Inclusive Regulations Enabling Greater Outreach

Micro Banking Offices

More micro loan products(Housing Microfinance, Micro Agri)

Microsavings products

Microinsurance

Branchless Banking Mobile E-Money Cash Card ATM Debit Card

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MICRO BANKING OFFICES

• Micro Deposits (deposits/withdrawals)

• Micro Loan Disbursements and Collections

• ATMs• Electronic Money

Cash-in and Cash-out services

• Bill payments• Remittances• Government

Payments• Utility Payments

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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 Platforms

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Today, Rural Banks Can Offer the Following 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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Things to watch out ...

1. Pricing Transparency – Tiered Pricing

2. Credit Bureaus 3. Leverage Technology 1. Outreach

2. Competition 3. Efficiency

4. Social Networks - Crowdsourcing

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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 ming

S 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

mailto:[email protected]

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

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