Vol. 15 No.10 February 2017 `75 Pages 48 YES Bank digital transformation Less stressed Brazilian banks Gujarat banks’ biz outlook RRBs in Gujarat www.bankingfrontiers.com SBI powering banking in Digital India Mrutyunjay Mahapatra Shiv Kumar Bhasin Editor’s Blog N. Mohan Mobile : 9322895820 Email :
[email protected] February 2017 - Vol. 15 No. 10 Group Publisher : Babu Nair Group Editor : Manoj Agrawal Facing the Uber moments Editor : N. Mohan Editor BizTech : Brian Pereira t was Antony Jenkins, former CEO of Barclays, who coined the phrase Uber Editorial moments in 2015 to explain how disruptions would impact financial services and Mehul Dani, Ravi Lalwani, Ibanks would be forced to close down and V. Raghuraman, Surekha Galagoda lay off people. Jenkins then said the disruptions may happen over the next 10 years. Similarly, Research Editors Francisco Gonzalez, who heads Spain’s BBVA, Prof Venugopal Iyengar, V. Babu, said at Davos that many technology start- Ratnakar Deole, W.A. Wijewardena, ups are ‘attacking’ different parts of banks’ Sanchit Gogia, K.C. Shashidhar, businesses and not every lender is equipped L.S. Subramanian, Ajay Kumar to survive. Advisor Alliances Today, we are seeing really significant Ateeq Siddique disruptions already happening and massive investments going into fintechs that are reinventing Marketing virtually the whole of the banking system - Zahid Siddique, Wilhelm Singh, payments, currencies, finance management, Ravi Wadhwa wealth management, funding (like P2P lending), et al. Events & Operations The trend today is that while the traditionalists continue to go to banks and other Gautam Magare, Shirish Joshi, formal financial institutions to meet their needs, the millennials are seen to be opting for non-financial services companies (to be specific to India those providing wallet Stalin Saldhana, Pramod Jadhav, services, P2P lending).