Instrumented Interconnecteds Intelligent

Posted by
in

Post feed

RSS 2.0

Ramesh Ramanathan, Chairman, Jana Group

Ramesh Ramanathan, Chairman, Jana Group

By Ramesh Ramanathan

Anyone who has spent time solving problems of financial inclusion will confess that it is hard work.

The gap between the financial services that those of us reading this have access to, and those which are available to the poor around the world, is both disturbingly large and tantalizingly solvable. But the really hard part is moving from the realm of possibilities to the reality of scalable practical ideas – ideally, with the inherent lift-off velocity of market forces.

At Janalakshmi, we have always believed that what truly constrains us is not government regulation – of course, regulations are major sources of unnecessary friction – but rather our own inability to innovate to find powerful solutions that add value to our clients. 

Our own journey of building a ‘360-degree financial services company for all the needs of the urban poor’ began in 2000. Over time, we came to understand the enormous process constraints of delivering credit services in small ticket transactions across thousands of slums in cities across India.

Based on these insights, it took us four years between 2006 and 2010 to build an industrial-strength technology platform that provided the backbone of scalable, small-ticket loan disbursals.  On this platform, we built a field organization where roles were clearly distinguished between sourcing, collection and cross-selling. Once we got it right, this platform helped us scale. Today, we have a nationwide business spanning 70 cities, serving 2 million clients, and growing at a healthy rate.

But we have barely scratched the surface. The size of the financial inclusion challenge is simply gigantic. Frankly, it is bigger than any of us truly realize. That’s because we have become lulled into thinking that financial inclusion is meant only for those at the very bottom of the pyramid.

In reality, that is only the beginning. There are millions more who aren’t struggling with abject poverty at the very bottom, but just above this threshold, willing to take responsibility for their lives, work hard and play by the rules. Unfortunately, these millions of struggling Indians are not getting access to the range of financial services at the prices or quality that they deserve. Their financial needs span both their personal finances, as well as those of their nano- and micro-enterprises.

In total, the estimated needs, just on the lending side, are approximately $500 billion, or 50% of the formal banking system’s assets. And this is only on the lending side – there are equally massive needs to be met on savings, insurance, pensions, benefits and entitlements, and investments. In a nutshell, what we are beginning to see in India is the emergence of the new frontier of financial inclusion, covering almost 50% of our population.

The formal banking system is constrained from delivering on these needs in many ways: legacy systems, poorly designed products and services, inappropriate human resources, expensive cost structures. Individually, any one of these constraints would be difficult to overcome, collectively, they render the incumbent banks almost incapable of transforming themselves, especially when their regular businesses are themselves growing at a healthy rate. All in all, we need to look beyond our current banks if we want meaningful solutions to India’s financial inclusion problems – to a new generation of financial institutions.

If we have to address the massive challenges of the new frontiers of financial inclusion, we need to address the multiple institutional challenges for financial service providers. One of the cornerstones of the solution is transformative technology, from the front-end of dealing with customers in a distributed field setting, to the back-end platforms and analytical engines that can not only ensure robust risk and control mechanisms, but also cutting-edge analytics and data mining features. As an example imagine data analytics to drive pricing and product offerings depending on the hyper-local spatial neighborhood that a particular customer lives in, within a city.

We are living in a sort of ‘golden age’ of technology that can truly transform the landscape of inclusion – such powerful platforms with enormous functionality, all available on the cloud, at a price point that is critical for low-value transactions would have been unimaginable barely a few years ago.

To harness these possibilities, we need to have not only the ambition to dream big, but also the tenacity to deliver on this vision. The partnership that Janalakshmi has forged with IBM is to do both: to jointly shape a truly transformative approach to address the challenges of the new frontiers of financial inclusion in India, and then to systematically – month on month, year on year – deliver on this vision.

Bookmark and Share

Previous post

Next post

16 Comments
 
April 29, 2016
10:07 pm

닦쎢펻쫐쎲잴뇸ꇰඣഊ †픠쫢퓇쏵뮴쫘ꏂ쒿뗑뫀즣훱릮듢샸떴 成年人癫痫医院 퇄솹쾦쫻솧쏋ꎴ늿ꎻ늬뾻쓉ꇜ뮣냯쏩믇풹탚쇞ꎶ뺬훍쎤뫷즣훱릮닢쎢펻돐쿶컖쳊ꇢඣഊ †될ퟸ믅튳뗉쳄뚬ꏈ첬죆볽탌쿸짲엏뗊ꇇඣഊ †툠횻얱뗊뗇솽뗋뛚쫾벮첶붨듗ꎦ첬죆닽싅컔뢢뻐뗵솽틋쮻톿솹ꎦ킬후뛐쫙잱쏥웷샰ꆴ늣늢쪻뫇즣훱릮뗢퇄솹쾦쫻솧ꏋ뚬쫸볇떺뿄톹쒹쇜펦쇐쳋퓸쪾떽뷄닸ꆽඣഊ †쨠쫂즵ꏏ뺬릭쇽짋등믍믪떷뿄톼훩몮ꏳ첬죆뗽진쳭퓥듙췎욻볆쾫ꏞ뚬폔퇚솹떦뿄몹훢쾱럟퓉ꆾ몣즣훱릮뿢붿췼컢떧췄퇾좹뚻쯔뫻쓜닑짺탺릧ꇻ펣평퇚솹뾦틉뫔싶닔벻ꏆ쮬틹쳔죆닽쏅펻쫐쎲뢴뻐ꇵඣഊ †밠탌쿸짲엏뗊ꏇ몬뿜ꏬ첬죆뻽뗍짇쇏컋쫥벮첶붨ꇗ떣솽헋샢ꏯ쮬럻쾢ꏖ햬룢컶횻닃늢쪻뫊볏킺쇞ꎶ튬컲ꎪ톬솹뮦늹


Posted by: 体育
 
April 29, 2016
10:05 pm

죡뻋쫍컇솪쯋짯훜쪮샂햴싒톽ꎷ벬뾫쓉쫜쿇닫럟슴톽ꎷ튬횪떪싀톽쪷훖뿐쫉컇폕컐췥뻲뛼 西比灵作用 ꏓ튬떻쮩ퟻ뚪훸뎧쯖짯ꏜ힬볔뺺컍쾣쇕ꇋඣഊ †쬠죯풨쾽퓫쪽탇뻄떪햨ꎽ늬킻ꏐ쮡뇻탘틫햪믙싘톽ꎷ뚬쿡쯂뗻뻄주ꎨ햬틢뾻헌쪽붤횻뻝ꏼ뚬믡뻘쒣틏뻑늭횻틘솪ꏋ횬틘쪪뇇힣힡볔떺뗄컘ꎻ쮬죯떨벱좴뎡ퟶ볔붺연ꏆ떬쮫폻퓌솥틋쾻ꏂ좬폴뷃연ꏆ뮬죡싃톽즷돺뻶첯훨킮ꏄ쮬죯놨믣뎻쇉ퟋ지뗏쇄볮ꏽ붬뢻틸쎻쫻컌뗀ꏀꆺ쒰쇣뾢죌킥컂쿢ꏘ늬펻뷃쫢쫍쎲ꎴ솬싮톽솷뾢믌뻘ꇼꆣනഊ †ꄠힰ쏱ꏼꆡනഊ †쨠컌뷀맓쇽볮ꏽ놬듣듒샒죫솥ꏋ쮬죯뢨쪺ퟖ쇟볋늸ꎽ횬폕죚뎡쇶뷋연ꏆ솬뗮ꏀꆺ좰붥횫쳜햩샒ꆴꆣනഊ †옠뾬ꏌ횬쳜뒩듒룒샏ꎴ리즪쫭삩ꏱꆬ늰볎컻뫢ꏮꆡනഊ †쬠죯붨붫연뗆룝쯸뗻ꏀꆺ캰


Posted by: 原发性癫痫病好治吗
 
April 23, 2016
12:11 pm

amshline


Posted by: AMOXILKn
 
April 8, 2016
6:54 am

쿉솧ꏋ좬쫴쯇퓻ꏚ햬뷢달믨뮰쿡뇫믘룡볼뻓늫냊ꇉꆣනഊ †ꄠ몰뫇ꏇ쾬퓖쫚믇뷆쫰쪢ꏀ좬킺헛럹뗦쫄뒱ꏺ재쇠췺쿵돴떿쫄뒱퓺틧맑죽ꎥ펬쫐쎲 青少年癫痫的诊断 뾴쿉떧ꇄꆣනഊ †ꄠ쎰뒻ꏭ좬뷧탱짂듺쫺뒮뗳뾶ꏍ튬뢻룶뛶늼놻뗈쒱뗪쟄쇠췺틵늪ꏮ즬훵폁말훽뚮컸닞벻ꆰꆣනഊ †ꄠ린폭떰뾶ꏍ즬죏솥ꏋꆡනഊ †촠좻횻벮ꏤ튬떻지폭첰쇚뛺웸ꏰ춬죰틧놻샺죻ꏐ뎬쿥뛶죸ꆥ즣짭폏뿐뗱몶탴횥튮ꏴ튬뗽럃샧훗즮ꏹ몬실슡쾡룬닶춻ꆣඣഊ †ꄠힰꏟꆡනഊ †똠쫙벱ꏤ튬뢻룶믶쫲쫇퇜ꏻ뮬쫲훇뛷뢯맏샽떴뗄뾶ꏍ났쒴닍ힻꎡ랬럗쳗뿚뛕웸ꏰ쾬틫뚪뗡ퟃ볔떺틄쾻횯떮ꇘඣഊ †툠쪻벱ꏤ좬죋죋뗧ꎶ랬쏦쮢틁ꏢ몬닁톻쫚ꏎ뢬싷떷뾶ꏍ뺬쾺헠럹ꇦඣഊ †술쳾뗬릶ꏢ붬쾻믠폔ꎳ횬퇐맫돣즡뿏ꏕ캬솪틋떻쫀


Posted by: 癫痫病吃啥药能治疗好
 
March 7, 2016
4:18 am

쓄ꏪ뎬짶죺쯫ꏀ뒬뢳훷쿖뻕ꆳ캣떪뻄쫍뷇죸ퟫ쇦돺ꏇ몬닃좻틝폗쇐쿋퓖뗚탄컞몪쫍솵ꎦ풬쏵뾴쓉믜뮹죡삥럋쫑벱ꇤ 癫痫病能打预防感冒的预防针 ඣഊ †쐠놿뫪쏜죷ꎷ쾬돴뺿쫍돇ퟥ뫅탋뗄ퟜ샓떴ꏄ욬쯤죻뿋틉훔붱뿓몼ꏋ쮬뻻뿍틉ꏔඡഊ †뼠쮴퇆캯ꏊ쾬돴첿뚬죈쎴펻쯐몿뗁짍쿹죂ꎥ횬쎱쓦틇쟗풧뗆ꇀඣഊ †툠쟗풧컆캢튢ꎶ떬쪹쏇펻쿐뗫쾽돴ꎿ떬햨쏢뒴ꇳඣഊ †ꄠ쒰샄샯떴뛄ힶꏓ캬쯒쒵ꏣ쪬듇뒿샢햴싒럩떳냄ꏉꆿ튱쟗풧쏆쮻뮵ꎰ얬뇔쓟죇죋쪴폇탐늩슻쇺ꏋ즬쟏튰늻튽뚪쪯뷖쾫돴뢿ퟏꇟඣഊ †ꎲඡഊ †븠헍쏢잴쟡뿡돧틶늻ꎽ늬횻떪쯀쫻펹쇃쫋쎲즴럭ꎨ랬럂쯰뗵돘듉틧낻ꏣ즬웱뗦도쿶퓖쿚돴쎿쟦ꆰඣഊ †툠햻쫐ꏖ놬쿣뷫쾫돴첿웡샰ꎴ횬붱죓돓샶ꆴඣഊ †ꄠ린믶죘ꎥꆡනഊ †켠돴킿후컐얢


Posted by: 成年人癫痫反复发作
 
February 12, 2015
5:41 pm

But because neither he nor Bloomberg got the magic 2/3, who vacated the House seat in Hawaii that Gabbard just won, they.


Posted by: house for let in dundee
 
October 22, 2014
8:47 am

I was at first shocked and then giddy with excitement as I went and started catching hoppers.

When tying the lines to your jugs use between 3′ and 6′ of line with a
single hook attached. As they are huge, RVs also
have a huge checklist of parts and components that you need to inspect after long storage to ensure smooth
and safe driving.


Posted by: deck plans celebrity summit
 
October 6, 2014
4:03 am

We’ll show how to accomplish this with just a few simple steps.
Since 10% of California’s budget goes to
pay for its prison system, the idea is that AB 109 will free up billions in the state budget.
They impart a brown color to the concoction,
which immediately turns your skin brown.


Posted by: fake tan disasters
 
September 14, 2014
12:04 am

For those of you who want to consume well while you diet regime,
they also supply you with a HCH excess weight loss
cookbook. Besides feeling better after the HCG program, you are going to look
better too. There is a 54 percent chance that you will be able to detect your pregnancy six days before
you miss your period with the First Response pregnancy test.


Posted by: Hcg Weightloss Drops
 
August 31, 2014
9:24 pm

Hi there mates, good piece of writing and good urging commented at this place, I am in fact enjoying by these.


Posted by: hair growth treatments
 
July 30, 2014
10:04 am

Profollica Best Treatment for Men improves hair body and suppleness and protect against harmful sun damage and itchy and scalp conditions.
A study published in The Journal of Dermatology revealed that chlorine causes discolouration and a change in hair texture.

The Hair Transplant Network gives an estimate of $4
to $8 per graft for a FUT procedure and $6 to $10 per graft for a FUE
procedure.


Posted by: hair growth for women reviews
 
July 25, 2014
8:55 pm

Nice. But whats another stage? I wanna escape this trench!


Posted by: luke bryan ticket prices
 
July 24, 2014
3:17 am

Just follow the instructions, every person can fix these
problems. Being aware of when and if you
have to call up a plumbing contractor is the first step in a quick and efficient repair
which can last for years. Due to the high level of customization, it
is very easy to ruin or severely impair a character in Champions
Online.


Posted by: kitchen blount plumbing pompano beach
 
July 24, 2014
2:55 am

The beginning of the end came the day Nia’s boyfriend didn’t take up her offer of caring for him when he was ill.
A study published in The Journal of Dermatology revealed that chlorine
causes discolouration and a change in hair texture.
By observing all the above tips when faced with the problem of hair loss Minneapolis citizens should be
able to contain avoidable hair breakages.


Posted by: the best hair growth products for women
 
July 23, 2014
8:02 am

Newer technologies and advanced tools have made it possible for cosmetic surgeons
to carry out the highly delicate surgical procedures with
more confidence and mitigated risk factors. And a proficient plastic surgeon with a lot of experience, can take that
even further. There is one error: the sentence “The heir who wins the windfall will be the one who finds the.


Posted by: plastic surgery makeover
 
July 19, 2014
5:05 pm

The leading plastic surgery clinic in Sydney specializes in offering all types of cosmetic surgery including Face lift, otoplasty, Rhinoplasty, Scar – Revisionn, Fat injection and Eyelid
surgery. Treatments for Treacher Collins syndrome commonly require surgery to remove the area in which blockage occurs.
They also exhibit a willingness to answer questions and to
make a patient feel safe and comfortable.


Posted by: nose job Recovery time
 
1 Trackback
 
July 18, 2014
9:42 am

advanced diploma of financial planning

A Smarter Planet Blog « Instrumented. Interconnected. Intelligent. A Smarter Planet Blog


Posted by: advanced diploma of financial planning
 
Post a Comment