https://www.taxtmi.com/news?id=16529 The note argues that banking functions are being unbundled by technological innovation, changing consumer preferences and stricter post crisis regulation, enabling non bank specialists to perform deposit, lending and payment services formerly exclusive to banks. It questions the continuing justification for exclusive bank licensing given higher capital and compliance demands that encourage banks to divest capital intensive activities, and recommends that banks leverage technology and social purpose roles such as SME financing and financial inclusion to retain relevance. en-us Fri, 19 Aug 2016 16:56:15 +0530 Fri, 19 Aug 2016 16:56:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=16529 The note argues that banking functions are being unbundled by technological innovation, changing consumer preferences and stricter post crisis regulation, enabling non bank specialists to perform deposit, lending and payment services formerly exclusive to banks. It questions the continuing justification for exclusive bank licensing given higher capital and compliance demands that encourage banks to divest capital intensive activities, and recommends that banks leverage technology and social purpose roles such as SME financing and financial inclusion to retain relevance. News - Fri, 19 Aug 2016 16:56:15 +0530 https://www.taxtmi.com/news?id=16529