E-Banking: Trend, Status, Challenges and Policy Issues

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E-Banking: Status, Trends, Challenges and Policy Issues

November 2003

MU Yibin Financial Economist The World Bank

Paper presented at CBRC Seminar The Development and Supervision of E-banking Shanghai, Nov. 24-26, 2003

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E-Banking: Status, Trends, Challenges and Policy Implications 1. 2. Introduction....................................................................................................................... 1 Status ................................................................................................................................. 1 2.1. Definition.................................................................................................................. 1 2.2. Fundamental characteristics ...................................................................................... 2 2.3. Levels/Scope of e-banking business ......................................................................... 2 2.4. Current development situations (in industrial countries) ......................................... 2 2.5. Status in developing countries .................................................................................. 3 3. Prospects--Impact of E-banking on traditional banking ................................................... 3 3.1. The early conventional wisdom: ............................................................................... 3 3.2. In reality, e-banking develops fast, but not damaging as conventional wisdom projected................................................................................................................................ 3 3.3. Prevailing vision ....................................................................................................... 4 3.4. Case-study--experience from the two most successful cases ................................... 4 3.5. Prospects ................................................................................................................... 5 4. Trend: The major application of e-banking—SME finance ............................................. 5 4.1. Obstacles to SME’s access to finance....................................................................... 5 4.1.1. from banks’ perspective .................................................................................... 5 4.1.2. from SME’s perspective .................................................................................... 6 4.2. New Technology, New Hope for SME Finance ....................................................... 6 4.2.1. From bank’s side, new technology (e-banking) makes SME finance economically possible ....................................................................................................... 6 4.2.2. From SMEs’ perspective................................................................................... 7 4.2.3. From the government’s perspective .................................................................. 7 5. Challenges and policy implications .................................................................................. 8 5.1. Cross-border e-banking activities and its policy implications .................................. 8 5.1.1. definition........................................................................................................... 8 5.1.2. Two scenarios ................................................................................................... 8 5.1.3. Raised many challenges and questions for banking regulatory authorities (both home and host).................................................................................................................. 8 5.1.4. Its policy implications ....................................................................................... 9 5.2. From the society’s perspective................................................................................ 10 5.2.1. Challenges...
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