Page 43 - BANKING FINANCE November 2018

rogra D and ill ha e an o icial role in orking
Co o
ith D to ro ote sustaina le de elo ent and
sa eguard hu an rights and e ualit
arned the e cessi e nu er o ank e lo ees and
ranches has led to intensi ied co etition a ong anks
he ollo ing da sa the ost e citing session o the and resulted in a decline in ro ita ilit he uestion
esti al ith So hia engaging in an intriguing interaction re ains ill Metro Regions Re ain o er anked
ith the on le Minister Sri ara okesh and the
audience he Mn Challenge as eing conducted So ar e e elo in lo k i on erne
orld ide ena ling startu s to sho case their roducts and e oin an e lo a e a o era e
solutions ith roadsho s in ajor cities Chicago e
ndian anking sector thanks to the continuous attention
ork San rancisco el i aris ondon ong ong and
eing recei ed ro learned R acked slo ut stead
angalore around the glo e the challenge cul inated in
re or easures has een a le to kee the head a o e
i ag ith inalists ro around the orld itching on ater Still gro ing si e o has een causing dee
De o Da concerns

hate er is the ig uestion is alread e ore us is China
he o ern ent o ndhra radesh in strategic
at risk o a inancial crisis Man in luential oices elie e
colla oration ith its challenge artners DC entures and
so including the ank or nternational Settle ents hich
i o it selected t o startu s each ro intech gritech
recentl arned that one o its indicators o anking risk
and ergetech as inners o the irst e er Million
the credit to D ga had no risen to o er three ti es
lo al Startu Challenge as the grand inale o the da
the le el it considers a danger signal
esti al
Still the orld is not sto ing ti e sta s e go out
ll the startu s had an o ortunit to e hi it at the
he latest trend is that o o en anking t is an e erging
i ag intech esti al to ore than glo al
ser ice odel that allo s custo ers to share access to
delegates co rising o Cs angel in estors and cor orate
their inancial data ith non ank third arties hich can
artners ll the inners and inalists ere a arded ri es
then use that data to ro ide the ith etter anking
the on le Minister o ndhra radesh Sri ara
So e large anks lan to ake ajor in est ents in o en
okesh
anking initiati es
i ag ith its re arka le technolog ecos ste is no the n ieu o Con lu ion
ost attracti e destination or inno ation dri en intech ut co etition is ound to go north ore intense here
la ers ot onl ndian ar uee co anies ut also se eral is nothing rong in it cono ists ro da S ith to
oreign co anies ha e ledged to in est in the cit enneth rro are in a our o co etition co etiti e
generating jo s in the near uture arket allocates resources as ell as is ossi le also oster
inno ation and thus econo ic gro th hat it can
ishakha atna is eing de elo ed as the ost re erred reasona l e said is the asic and standard osition So
glo al destination or intech and other e erging it can reasona l e concluded that the challenge is ho
to kee the head a o e ater t is the ositi e result
technolog co anies around the orld to start their
ased risk anage ent acked s eed and sta ilit
o erations and to dri e inno ation
hich hel sta ing ali e on the icket
u u a e dd ess
ious enough glo al anking akes it ossi le or the
Sa i u li a ion
orld econo to unction eing the instru ent or
u to n i a estern ress igh a trans erring one across national orders So as o no
ndheri ast Mu ai the challenge that ho ers can e a oid another inancial
hone crisis

B N N N N E | NOVEMBER | 2018 |