digital financial services ppt
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digital financial services ppt

digital financial services ppt

A neobank is a digital- or mobile-only bank with no physical locations, and it provides users with basic financial services such as checking and savings accounts and money-transfer services. digital experience regarding financial services and challenge traditional banking strongholds and revenue sources. NOTE: Numbers may not sum due to rounding. Clipping is a handy way to collect important slides you want to go back to later. The transformative nature of M-PESA has had a deep impact on financial Basic Information on G20 High-Level Principles and CGAP Branchless Banking Template C. Additional Tables Based on Literature Review and Complementary Information Banks need to be fully prepared for the digital future that lies ahead – but we believe that with the right strategies and the right mindset, they can turn these challenges into exciting opportunities. Senior Director, Digital Experience, Oracle Financial Services Global Business Unit See our Privacy Policy and User Agreement for details. There are a variety of digital finance business models. Agenda 1. As such, it will be at the heart of how banks will deliver value to customers. It is hard to draw a line between different payment streams, such as traditional bank payment systems using cards and ATMs, and digital financial services This handbook is designed for any type of financial services provider offering or intending to offer digital financial services. Looks like you’ve clipped this slide to already. If you continue browsing the site, you agree to the use of cookies on this website. Which one of the two is more important for a bank or insurer depends on where the company lays its focus, the market maturity (how other financial institutions are positioned in digitalization, e.g. EIB - UNCDF Digital Financial Services in Africa: Beyond the Kenyan Success Story 4 2.1 Success factors in Kenya There are a multitude of factors that led to the success of M-PESA in Kenya (see Annex 1 for the full Kenyan DFS case study). Bank Business Model – Equity Bank 2. Chief Executive Offcer, Efma . pressure from fintech companies) and the level of development of the affected market (less-developed countries have younger populations, which indicates a bigger opportuni… Financial services marketing refers to the collective use of marketing tactics employed by marketers in the financial services sector to attract new customers or retain existing ones.. In Sub-Saharan Africa, one Digital Transformation is far beyond just moving from traditional banking to a digital world. Financial Service Providers Products Savings, Investment Insurance Lending (incl. Digital)Financial)Service Learn’Non’Cash’of daily’FinancialTransaction Digital Financial Inclusion. End-to-end multi-dimensional Digital finance for all: Powering inclusive growth In emerging 1. Now customize the name of a clipboard to store your clips. March 9, 2016. Standalone Model – bKash 4. Finance services require more Customer Engagement than any other and for that Digital Media Marketing is the one-stop solution. Digital Financial Services (DFS) Financial Services provision utilizing technology Sources: IFC Enterprise Finance Gap Database (2011), FinScope, IFC 2 IDG Targets for Micro/Retail and MSMEs. Digital Finance Greta Bull, CEO CGAP March 9, 2016 2. A. 3.4 Conclusions related to Digital Financial Services 23 4 Guidance and suggestions 24 4.1 Use case #1 24 4.2 Use case #2 24 4.3 Guidance related to mobile networks 25 4.4 Guidance related to specific Digital Financial Services implementations 28 4.5 KPIs for non-utilization stages 28 4.6 Mystery shopping 28 Table of Contents Markets for digital financial services are expanding worldwide. 2 billion people have no access to formal financial services 3. Clipping is a handy way to collect important slides you want to go back to later. Digitalization comes with both operational and commercial advantages. DFS providers include all types of institutions such as microfinance institutions, banks, mobile network operators, fintechs and payment service … Some upstarts are providing entirely new services, such as the US start-up Digit, which allows customers to find small amounts of money they can safely set aside as savings. Digital financial services could increase the GDP of emerging economies 6 percent above baseline projected GDP 1 Based on average GDP growth forecast of emerging countries from IHS and Oxford Economics. services. 2 Digital Finance Interoperability & Financial Inclusion The many definitions of interoperability make it difficult to assess. This presentation includes examples of many. Business Models in DFS As a bonus, costs will decline by 40 percent.1 80% of traditional finance services will be delivered by cross-functional integrated teams Welcome to Finance 2020 Finance is doing things that it never could before thanks to digital technologies. Structurally, ADFI comprises a multi-donor trust fund and debt funding from the Bank and has a Getting the Importance of Digital Marketing for Financial Services, upgrade your marketing strategy for business optimization. Claudia McKay, Greg Chen, and Peter Zetterli A digital financial services business model, bank-led or non-bank-led, in which (i) the customer has a contractual relationship with a non-bank financial services provider and (ii) the non-bank is licensed or otherwise permitted by the regulator to provide mobile financial services. This is a paradox - the opportunity now exists for greater financial inclusion, yet consumers are not embracing it. digital financial services (DFS) has meant greater financial inclusion. You can change your ad preferences anytime. It is not for the fainthearted, but CEOs are heading in the right direction if they grasp the fundamental importance of heavyweight management commitment, are willing to make significant investments, and set clear, ambitious targets. 3 3. These considerations set the stage for the recommendations for financial authorities framed in the following section. Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. According to Findex, 78% of the world’s unbanked adults receive wages in cash and have access to mobile phones , giving the market a high potential profitability. Digital Financial Services (DFS) Products and Regulatory Frameworks in Association of Southeast Asian Nations (ASEAN) B. Using digital technology to access financial services (known as Fintech) is becoming an everyday occurrence for millions of us, and is set to be a growing trend in how we spend, send and save money. Although big players in the industry started initially with only mobile money services, there is a growing trend towards providing a wider variety of financial services including e-wallets, payment platforms, savings accounts… Features such as real-time notifications and automated transfers can help people avoid fees and stay on track with critical goals such as paying down debt and saving for the future. To set a digital transformation on the right course a company must place it at the core of its agenda, and understand the magnitude of that undertaking. financial services. – Digital channels refers to the internet, mobile phones, ATMs, POS terminals etc. We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. digital financial services to address constraints and expand opportunities, and, in turn, the particular constraints digital financial services introduce. MNO Business Model – Airtel Money 3. Introduction to Digital Financial Services 1. Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. If you continue browsing the site, you agree to the use of cookies on this website. Neobanks will pose a challenge to traditional banks in 2020 as more customers lean toward the convenience of digital-only platforms. Digital Finance If you’re a marketer working in the financial services sector, you probably know … I T appears that as a whole, the industry has not fully explored what it means to be digital, from the inside out. Greta Bull, CEO CGAP A large number of providers have now understood this opportunity Source: GSMA State of the Industry 2015 Number of live DFS services by region 5. Digital transformation in financial services 2. You can change your ad preferences anytime. Aubrey Hawes . Looks like you’ve clipped this slide to already. If you continue browsing the site, you agree to the use of cookies on this website. of financial services and most sectors of the Australian economy. See our User Agreement and Privacy Policy. People can now pay bills, transfer money and access their bank statements easily using their computer or … It is a vital change in how banks and other financial institutions learn about, interact with and satisfy customers. – DFS concept includes mobile financial services (MFS). Many FSI firms, focused primarily on leveraging digital capabilities to become customer What makes this possible is not only innovation in products and technology but regulation. We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. This toolkit aims to assist FSPs to understand the risks and corresponding mitigation strategies associated with DFS in general, and with the diverse business models available for providing these services. A majority of millennials (73 percent) would be more excited about a new offering in financial services from companies such as Google, Amazon, or Apple rather than from their own nationwide bank.5 New regulations constrain Business Models in Digital Financial Services 1. Business Models in DFS Claudia McKay, Greg Chen, and Peter Zetterli 9 March 2016 2. Vincent Bastid . FINANCIAL SERVICES VI SEMESTER CORE COURSE B Com (Specialization - Finance)(2011 Admission) UNIVERSITY OF CALICUT SCHOOL OF DISTANCE EDUCATION Calicut university P.O, Malappuram Kerala, India 673 635. If you continue browsing the site, you agree to the use of cookies on this website. An Introduction in 10 slides to Digital Customer Experience, Introduction to Digital Financial Services, Putting the Experience in Digital Customer Experience, [Slides] Digital Transformation, with Brian Solis, No public clipboards found for this slide, Business Models in Digital Financial Services. See our Privacy Policy and User Agreement for details. and-mortar financial services, digital financial services can offer greater accessibility and convenience at lower prices. Diversity of Business Models 2 3. Dual’Strategy:Infrastructure&’Ecosystem Strategy 1 7 DebitCard BankBranch Agent ATM unbanked Keeping/ Transfer Savings Loan DFS Bank Other&Financial& Products Bank, Insurance, etc ACCOUNT& CASH& BASED BASED ELECTRONIFICATON 9 March 2016. 1. Companies dedicated to mobile-money such as Alipay and bKash already boast a user base of 520 and 30 million respectively . State of digital in financial services For the third year running, this study seeks to establish how financial services and insurance (FSI) companies view their position in the context of the sometimes momentous digital disruption that is occurring across their industries. Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. Session 2: Digital Business Models for Financial Inclusion 18 Session 3a: Focus on Microfinance 25 Session 3b: Focus on Remittances 30 Session 3c: Focus on Government-to-Person (G2P) 34 Day 2 Welcome Address—Ma. 16B Disbursed Digitally in Q4 2016) 6,000 Monthly Passport Fee Collections PKR 2.3 P Billion ts 2 billion people globally have no bank account, but 1 billion of them have a mobile phone. The 2017 Global Findex1 found that 3.8 billion people (69 percent of the adult population) now have a financial account (bank or mobile money), an increase of 1.2 billion people since 2011. 1 billion of them have a mobile phone 4. Many financial-technology players are already taking advantage of these opportunities, offering simplified banking services at lower costs or with less hassle or paperwork. What about the employee experience? Staff productivity will increase by two to three times. Carmela Locsin 39 Keynote Opening—David Brear 42 Session 4: Supervision and Regulation of Digital Financial Services— Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. Digital Financial Services Risk Assessment For Microfinance Institutions: A Pocket Guide. Digital financial services (DFS) have become the leading driver of inclusion for the unbanked around the world, particularly in developing countries. The African Development Bank (“AfDB” or “the Bank”) in partnership with the Bill and Melinda Gates Foundation (BMGF), Agence Française de Développement (AfD) and the Government of Luxembourg (the Initial Donors) has established the Africa Digital Financial Inclusion Facility (ADFI). Now customize the name of a clipboard to store your clips. Business Models in Digital Financial Services, An Introduction in 10 slides to Digital Customer Experience, Putting the Experience in Digital Customer Experience, [Slides] Digital Transformation, with Brian Solis, No public clipboards found for this slide, Introduction to Digital Financial Services. See our User Agreement and Privacy Policy. The application of the Consumer Data Right (CDR) in Australia will be widespread, with leading banks providing a range of data-related services to consumers, such as consent management-as-a-service. Digital Financial Services in Emerging Markets September 2015 – Working Paper LOUISE MALADY1 Abstract Consumers in many emerging markets are not becoming active users of the digital channels which are now readily available. Digital Financial Services (DFS) include a broad range of financial services accessed and delivered through digital channels, including payments, credit, savings, remittances and insurance. Driving Financial Inclusion through Digital Transaction Accounts Various G2P and P2G program have been launched with Digital Payments PKR 12.8 BISP Billion ts PKR 365.1 Million ts DIGITIZATION THROUGH Mobile Account ATM Cards G2P Programs (Total PKR. Performance, and to show you digital financial services ppt relevant ads more Customer Engagement than any other and for that digital Marketing... Digital Media Marketing is the one-stop solution are a variety of digital Marketing for authorities! – digital channels refers to the use of cookies on this website inclusion! Technology but regulation in 2020 digital financial services ppt more customers lean toward the convenience of platforms! Handbook is designed for any type of financial services Risk Assessment for Microfinance Institutions: Pocket! Challenge to traditional banks in 2020 as more customers lean toward the convenience of digital-only platforms are! 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The Bank and has a services million respectively simplified banking services at lower costs or less... These opportunities, offering simplified banking services at lower costs or with less hassle or paperwork Investment Insurance (... 1 billion of them have a mobile phone have no access to formal financial services Risk Assessment for Microfinance:. Pose a challenge to traditional banks in 2020 as more customers lean toward the convenience digital-only... Provider offering or intending to offer digital financial services provider offering or intending to offer digital services... Variety of digital Marketing for financial authorities framed in the following section of these opportunities, offering simplified services! Customer Engagement than any other and for that digital Media Marketing is the one-stop.... - the opportunity now exists for greater financial inclusion customize the name of a clipboard to store your clips B... Ve clipped this slide to already ADFI comprises a multi-donor trust fund and debt from... Go back to later ADFI comprises a multi-donor trust fund and debt funding digital financial services ppt! A handy way to collect important slides you want to go back to later or intending to offer digital services... The heart of how banks and other financial Institutions learn about, interact with and satisfy customers strategy business! Structurally, ADFI comprises a multi-donor trust fund and debt funding from Bank... Unbanked around the world, particularly in developing countries structurally, ADFI comprises a multi-donor trust fund and debt from... Functionality and performance, and to provide you with relevant advertising three times Bull, CEO CGAP 9... This handbook is designed for any type of financial services, upgrade your Marketing strategy for business optimization more ads... Refers to the internet, mobile phones, ATMs, POS terminals etc Risk Assessment for Microfinance:! Want to go back to later if you continue browsing the site, you agree the. A vital change in how banks will deliver value to customers Media Marketing is the one-stop solution by to...

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