Banks and non Bank Entities. August 6, 2010. Cooperation / Coopetition. A presentation by: Vivek Nayak COO Avenues India Pvt. Ltd. Role of Banks?. Provide good banking services Make money by moving money Bank the unbanked …. ABCDs. Can technology help? How far should a Bank go to grow?.
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August 6, 2010
Cooperation / Coopetition
A presentation by:
Avenues India Pvt. Ltd.
3Ms – “Money Moving Machines” for the banks
3M Co. Avenues
Customers from across the globe
World Wide Travel Agents
Circle of Influence
Global Corporate Entities
All Global PG funds settled in
hotel’s account in new bank
Millions of bank customers using
Internet Banking and Debit Cards
Customers book rooms and pay through their bank accounts
Negotiates special deals from Hotel Group and offers to its customers
Debits customer’s account in the bank and pays hotel’s account in the same bank
More solutions =
more value for the bank customer =
more movement of money =
more revenue for the banks
Gets just 15% of Revenue
Receives dues after 6 months
Transparency on numbers?
“If we are together, nothing is impossible.
If we are divided, all will fail.”