独家
观点:谷歌进军印度零售银行业务对传统银行构成了威胁
硅谷进军银行业的时机已经成熟。Equitas与谷歌Pay客户之间没有预先存在的关系，它向其推销定期产品。
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印度国家电信公司将为5G部署分配6200亿卢比的频谱
官员们表示，交通部的一个委员会批准了一项提案，向BSNL提供价值约2200亿卢比的700 MHz频段的10 MHz区块，以及中频段(3600 MHz至3670 MHz)的70 MHz区块，用于5G。
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Andy Mukherjee著
银行业会遭遇报业的悲惨命运吗?乐动扑克随着科技行业逐渐逼近印度持牌存款机构，是时候认真对待这个问题了。
字母Inc .)谷歌已经提供了该国最受欢迎的两个支付钱包之一。但现在谷歌支付希望推广印度小型银行的定期存款产品，这些银行本身没有多少零售负债业务。根据一份新闻稿，Equitas作为平台上“品牌商业体验”的一部分，小融银行将为谷歌支付客户提供高达6.85%的一年期资金利息。《薄荷报》(Min乐动扑克t)审查了总部位于班加罗尔的金融科技公司Setu构建的应用程序界面，该报表示，其他银行也可能会签署协议。
此举具有全球意义。这显示出金融机构在吸收存款这样的核心业务上所占份额的脆弱，以及它们在面对在线搜索、社交媒体和电子商务巨头的攻击时的脆弱性。字母,Facebook Inc .。与那些没有平台业务规模的金融科技初创公司相比，亚马逊公司(Amazon.com Inc.)对实体银行构成的挑战可能要大得多。就像在印度一样，存款紧张的挑战者银行可能会把钥匙扔给拥有数亿活跃用户的科技中介机构。当巨头们攻城掠地时，甚至更大的银行也将失去对银行业的控制。
中国本土的科技巨头已经表明，被排挤是多么容易传统的银行从贷款。在不断增长的用户网络中，实时非金融数据可以成为比银行依赖的信用评分更强大的预测工具。在在线平台上增加一层金融活动会带来更多的信息。在中国政府出手干预之前，马云的蚂蚁集团(Ant Group Co.)充分利用了这一优势。
硅谷在中国从未有过机会。然而，在这个世界第二大人口大国，它的地位更强，在这个国家，与金钱有关的一切越来越多地与接入一个开放的网络有关。银行的历史护城河已被科技创新攻破。
例如，政府为13亿人提供的数字识别系统，使纸质记录和实体存在变得多余，并将银行繁琐的“了解你的客户”流程(验证地址或由另一个账户持有人介绍)变成了具有标准协议的廉价实用程序。钱包可以像银行一样轻松地建立客户身份，并管理征求客户同意的过程。
印度的存款机构在转移散户资金方面也没有任何特殊优势。是的，他们仍然持有发送或接收资金的账户。但相比于在银行应用程序或银行卡上进行交易，客户更喜欢使用谷歌Pay或沃尔玛公司。苹果的PhonePe可以互相支付，也可以向商家支付。上个月，这两个钱包被用来转账5万亿卢比(合700亿美元)，使这两家公司占据了85%的市场份额，该市场拥有50多种应用程序，包括银行应用程序。
正如国际清算银行(Bank for International Settlements)的研究人员所描述的那样，这就是平台的数据网络活动(DNA)循环的力量。当Facebook的WhatsApp支付如果万事俱备，5亿印度用户必将在金融业务上助其一臂之力。
硅谷进军银行业的时机已经成熟。Equitas与谷歌Pay客户之间没有预先存在的关系，它向其推销定期产品。即使拿到了钱，放贷人也不一定能和存款人建立长期的关系。一旦存款到期，这笔钱就会被扫回它原来的银行账户。由于一个平台从零开始预订存款甚至不需要两分钟，如果另一家银行提供更好的交易，闲置的资金可能会进入下一个平台。客户忠诚度，通常只是简单的惯性，将不再确保粘性。储蓄者将受益。
如果这个剧本成功了，PhonePe和WhatsAppPay可能也想复制它。付费后，平台可以很容易地扩展其对消费者行为和支付流的洞察，从而影响存款动员。佣金越高，银行的利润就越低。印度的国有银行尤其需要提高效率。否则，他们将不得不游说监管机构控制科技巨头。亚马逊、谷歌和Facebook都在竞争在印度建立一个全新的支付网络，但根据Mint上周的另一份报告，出于数据安全考虑，印度央行已经暂停了该许可证。
在全球范围内，银行和监管机构一直在准备迎接来自Diem的挑战，这是一个由facebook支持的项目，承诺复制主要的全球货币，以扩大金融包容性。但即使没有新的支付工具，贷款机构也可能陷入滑坡。随着大型科技公司对追求收益的储蓄资金的流动进行控制，它们在商业街的气势将不再是获得廉价融资的门票。
受监管的机构可能只持有存款牌照——以及伴随这项特权而来的厚厚的规则手册——但一家银行的促销优惠是摆在显眼的位置，还是藏在一个不起眼的角落，将由平台来决定。在读者和广告商转向网络、出版商失去对纸媒的影响力后，纸媒遭遇了同样缓慢而痛苦的衰退，银行业也可能面临同样的情况。
(声明:本专栏仅代表作者个人观点。本文所表达的事实和观点不代表www.www.iser-br.com的观点。)
银行业会遭遇报业的悲惨命运吗?乐动扑克随着科技行业逐渐逼近印度持牌存款机构，是时候认真对待这个问题了。
字母Inc .)谷歌已经提供了该国最受欢迎的两个支付钱包之一。但现在谷歌支付希望推广印度小型银行的定期存款产品，这些银行本身没有多少零售负债业务。根据一份新闻稿，Equitas作为平台上“品牌商业体验”的一部分，小融银行将为谷歌支付客户提供高达6.85%的一年期资金利息。《薄荷报》(Min乐动扑克t)审查了总部位于班加罗尔的金融科技公司Setu构建的应用程序界面，该报表示，其他银行也可能会签署协议。
此举具有全球意义。这显示出金融机构在吸收存款这样的核心业务上所占份额的脆弱，以及它们在面对在线搜索、社交媒体和电子商务巨头的攻击时的脆弱性。字母,Facebook Inc .。与那些没有平台业务规模的金融科技初创公司相比，亚马逊公司(Amazon.com Inc.)对实体银行构成的挑战可能要大得多。就像在印度一样，存款紧张的挑战者银行可能会把钥匙扔给拥有数亿活跃用户的科技中介机构。当巨头们攻城掠地时，甚至更大的银行也将失去对银行业的控制。
硅谷在中国从未有过机会。然而，在这个世界第二大人口大国，它的地位更强，在这个国家，与金钱有关的一切越来越多地与接入一个开放的网络有关。银行的历史护城河已被科技创新攻破。
例如，政府为13亿人提供的数字识别系统，使纸质记录和实体存在变得多余，并将银行繁琐的“了解你的客户”流程(验证地址或由另一个账户持有人介绍)变成了具有标准协议的廉价实用程序。钱包可以像银行一样轻松地建立客户身份，并管理征求客户同意的过程。
印度的存款机构在转移散户资金方面也没有任何特殊优势。是的，他们仍然持有发送或接收资金的账户。但相比于在银行应用程序或银行卡上进行交易，客户更喜欢使用谷歌Pay或沃尔玛公司。苹果的PhonePe可以互相支付，也可以向商家支付。上个月，这两个钱包被用来转账5万亿卢比(合700亿美元)，使这两家公司占据了85%的市场份额，该市场拥有50多种应用程序，包括银行应用程序。
硅谷进军银行业的时机已经成熟。Equitas与谷歌Pay客户之间没有预先存在的关系，它向其推销定期产品。即使拿到了钱，放贷人也不一定能和存款人建立长期的关系。一旦存款到期，这笔钱就会被扫回它原来的银行账户。由于一个平台从零开始预订存款甚至不需要两分钟，如果另一家银行提供更好的交易，闲置的资金可能会进入下一个平台。客户忠诚度，通常只是简单的惯性，将不再确保粘性。储蓄者将受益。
如果这个剧本成功了，PhonePe和WhatsAppPay可能也想复制它。付费后，平台可以很容易地扩展其对消费者行为和支付流的洞察，从而影响存款动员。佣金越高，银行的利润就越低。印度的国有银行尤其需要提高效率。否则，他们将不得不游说监管机构控制科技巨头。亚马逊、谷歌和Facebook都在竞争在印度建立一个全新的支付网络，但根据Mint上周的另一份报告，出于数据安全考虑，印度央行已经暂停了该许可证。
在全球范围内，银行和监管机构一直在准备迎接来自Diem的挑战，这是一个由facebook支持的项目，承诺复制主要的全球货币，以扩大金融包容性。但即使没有新的支付工具，贷款机构也可能陷入滑坡。随着大型科技公司对追求收益的储蓄资金的流动进行控制，它们在商业街的气势将不再是获得廉价融资的门票。
受监管的机构可能只持有存款牌照——以及伴随这项特权而来的厚厚的规则手册——但一家银行的促销优惠是摆在显眼的位置，还是藏在一个不起眼的角落，将由平台来决定。在读者和广告商转向网络、出版商失去对纸媒的影响力后，纸媒遭遇了同样缓慢而痛苦的衰退，银行业也可能面临同样的情况。
(声明:本专栏仅代表作者个人观点。本文所表达的事实和观点不代表www.www.iser-br.com的观点。)
By Andy Mukherjee
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Will banking meet the sorry fate of newspapers? With the tech industry creeping up on licensed deposit-taking institutions in India, it\u2019s time to take the question seriously.
Alphabet Inc.\u2019s Google<\/a> already provides one of the two most popular payment wallets in the country. But now Google Pay<\/a> wants to push time-deposit products of small Indian banks that don\u2019t have much of a retail liability franchise of their own. According to a press release, Equitas<\/a> Small Finance Bank will offer Google Pay customers up to 6.85% interest on one-year funds as part of a \u201cbranded commercial experience\u201d on the platform. The Mint newspaper, which has reviewed the application interface built by Setu, a Bangalore-based fintech, says other lenders may also sign up.
The move has global significance. It shows the tenuous nature of the hold financial institutions have on a core operation like deposit-taking, and their vulnerability to an assault from online search, social media and e-commerce behemoths. Alphabet, Facebook Inc.<\/a> and Amazon.com Inc. may pose a far bigger challenge to brick-and-mortar lenders than fintech startups that don\u2019t have the scale of platform businesses. Just like in India, deposit-strapped challenger banks might throw the keys to tech intermediaries with hundreds of millions of active users. When the giants storm the fortress, even larger banks will lose control of banking.
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Will banking meet the sorry fate of newspapers? With the tech industry creeping up on licensed deposit-taking institutions in India, it\u2019s time to take the question seriously.
Alphabet Inc.\u2019s Google<\/a> already provides one of the two most popular payment wallets in the country. But now Google Pay<\/a> wants to push time-deposit products of small Indian banks that don\u2019t have much of a retail liability franchise of their own. According to a press release, Equitas<\/a> Small Finance Bank will offer Google Pay customers up to 6.85% interest on one-year funds as part of a \u201cbranded commercial experience\u201d on the platform. The Mint newspaper, which has reviewed the application interface built by Setu, a Bangalore-based fintech, says other lenders may also sign up.
The move has global significance. It shows the tenuous nature of the hold financial institutions have on a core operation like deposit-taking, and their vulnerability to an assault from online search, social media and e-commerce behemoths. Alphabet, Facebook Inc.<\/a> and Amazon.com Inc. may pose a far bigger challenge to brick-and-mortar lenders than fintech startups that don\u2019t have the scale of platform businesses. Just like in India, deposit-strapped challenger banks might throw the keys to tech intermediaries with hundreds of millions of active users. When the giants storm the fortress, even larger banks will lose control of banking.
<\/div><\/div>China\u2019s homegrown tech titans have already shown how easy it is to dislodge traditional lenders<\/a> from lending. In a growing network of users, real-time nonfinancial data can be a more powerful predictive tool than credit scores relied upon by banks. Adding a layer of financial activity to an online platform brings in yet more information. Before Beijing stepped in to clip its wings, Jack Ma\u2019s Ant Group Co. pursued this advantage to the hilt.
Silicon Valley never had a chance in China. However, it\u2019s in a stronger position in the world\u2019s second-most-populous nation, where everything to do with money is increasingly about plugging into an open network. Banks\u2019 historic moat has been breached by tech innovation.
For instance, the government\u2019s digital identification system for 1.3 billion people has made paper trails and physical presence redundant, and turned the banks\u2019 cumbersome know-your-customer processes (verifying an address or being introduced by another account holder) into a cheap utility with standard protocols. A wallet can establish customer identity as easily as a bank and manage the process of seeking her consent.
Nor do India\u2019s deposit-taking institutions have any special advantage left in moving retail money. Yes, they still hold the accounts for sending or receiving funds. But rather than transacting on their bank apps or cards, customers prefer to use Google Pay or Walmart Inc.<\/a>\u2019s PhonePe to pay one another and merchants. The two wallets were used to transfer 5 trillion rupees ($70 billion) last month, giving the duo an 85% share of a market that has more than 50 apps, including from banks.
Silicon Valley never had a chance in China. However, it\u2019s in a stronger position in the world\u2019s second-most-populous nation, where everything to do with money is increasingly about plugging into an open network. Banks\u2019 historic moat has been breached by tech innovation.
For instance, the government\u2019s digital identification system for 1.3 billion people has made paper trails and physical presence redundant, and turned the banks\u2019 cumbersome know-your-customer processes (verifying an address or being introduced by another account holder) into a cheap utility with standard protocols. A wallet can establish customer identity as easily as a bank and manage the process of seeking her consent.
Nor do India\u2019s deposit-taking institutions have any special advantage left in moving retail money. Yes, they still hold the accounts for sending or receiving funds. But rather than transacting on their bank apps or cards, customers prefer to use Google Pay or Walmart Inc.<\/a>\u2019s PhonePe to pay one another and merchants. The two wallets were used to transfer 5 trillion rupees ($70 billion) last month, giving the duo an 85% share of a market that has more than 50 apps, including from banks.
<\/div><\/div>That\u2019s the power of platforms\u2019 data-network-activity, or DNA, loop, as researchers at the Bank for International Settlements describe it. When Facebook\u2019s WhatsApp Pay<\/a> is fully ready, the half a billion Indian users of the messaging service are bound to give it a leg-up in financial businesses.
The environment is ripe for Silicon Valley to encroach into banking. Equitas doesn\u2019t have a pre-existing relationship with the Google Pay customer to whom it\u2019s marketing fixed-term products. Even after getting the money, the lender might not get to build long-term association with the saver. Once the deposit matures, the money will simply get swept back into whichever bank\u2019s account it came from. Since it won\u2019t even take two minutes for a platform to book deposits from scratch, if another lender offers a better deal, idle funds might go there next. Customer loyalty, which is often just plain inertia, will no longer ensure stickiness. Savers will gain.
If the playbook is successful, the likes of PhonePe and WhatsApp<\/a> Pay might also want to copy it. For a fee, platforms can easily extend their insights into consumer behavior and payment flows to influence deposit mobilization. The higher the commission, the lower the banks\u2019 profit. India\u2019s state-run lenders, in particular, will need to become more efficient. Or they\u2019ll have to lobby with regulators to rein in the tech giants. Amazon, Google and Facebook were all competing to build a brand-new payment network in India, But the central bank has put the license on hold because of data safety concerns, according to a separate report in Mint last week.
Globally, banks and regulators have been bracing themselves for the challenge from Diem, a Facebook-backed project that promises to replicate major global currencies to broaden financial inclusion. But lenders can be on a slippery slope even without new payment instruments. As Big Tech asserts control over the flow of yield-seeking savings, an imposing high-street presence will no longer serve as a ticket to cheap funding.
Regulated institutions may be left holding a license to take deposits \u2014 and a thick rule book accompanying that privilege \u2014 but platforms will decide if a bank\u2019s promotional offer is to be displayed prominently or buried in an obscure corner. The same slow, painful decline that gutted the print media after readers and advertisers moved online and publishers lost their sway over them may be waiting in the wings for banking, too.
<\/strong>(Disclaimer: The opinions expressed in this column are that of the writer. The facts and opinions expressed here do not reflect the views of www.www.iser-br.com.)<\/strong><\/em>
<\/div><\/div>
The environment is ripe for Silicon Valley to encroach into banking. Equitas doesn\u2019t have a pre-existing relationship with the Google Pay customer to whom it\u2019s marketing fixed-term products. Even after getting the money, the lender might not get to build long-term association with the saver. Once the deposit matures, the money will simply get swept back into whichever bank\u2019s account it came from. Since it won\u2019t even take two minutes for a platform to book deposits from scratch, if another lender offers a better deal, idle funds might go there next. Customer loyalty, which is often just plain inertia, will no longer ensure stickiness. Savers will gain.
If the playbook is successful, the likes of PhonePe and WhatsApp<\/a> Pay might also want to copy it. For a fee, platforms can easily extend their insights into consumer behavior and payment flows to influence deposit mobilization. The higher the commission, the lower the banks\u2019 profit. India\u2019s state-run lenders, in particular, will need to become more efficient. Or they\u2019ll have to lobby with regulators to rein in the tech giants. Amazon, Google and Facebook were all competing to build a brand-new payment network in India, But the central bank has put the license on hold because of data safety concerns, according to a separate report in Mint last week.
Globally, banks and regulators have been bracing themselves for the challenge from Diem, a Facebook-backed project that promises to replicate major global currencies to broaden financial inclusion. But lenders can be on a slippery slope even without new payment instruments. As Big Tech asserts control over the flow of yield-seeking savings, an imposing high-street presence will no longer serve as a ticket to cheap funding.
Regulated institutions may be left holding a license to take deposits \u2014 and a thick rule book accompanying that privilege \u2014 but platforms will decide if a bank\u2019s promotional offer is to be displayed prominently or buried in an obscure corner. The same slow, painful decline that gutted the print media after readers and advertisers moved online and publishers lost their sway over them may be waiting in the wings for banking, too.
<\/strong>(Disclaimer: The opinions expressed in this column are that of the writer. The facts and opinions expressed here do not reflect the views of www.www.iser-br.com.)<\/strong><\/em>
<\/div><\/div>
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