Dushyant Balasubramani

Consultant - Banking &amp; Capital Markets at Infosys Consulting India Limited

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Bio Consultant with the Banking & Capital Markets Practise of Infosys Consulting with expertise in the areas of Wealth & Asset Management & Online Banking Career History Over 4.5 years of experience in Banking & IT domain with project exposure in the areas of private banking, online banking, financial advisory and core banking migration. He has experience of working with cross-functional groups of people, managing cross border teams as well as spearheading individua

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Could Facebook wipe out the banking industry?

'Potential to wipe out the banking industry' would be an over optimist scenario. Consider this - Facebook has an user base of 8 Mn in India which is 10% of the wired population while India's internet penetration stands at 7% of its population. In this scenario, Facebook loses its relevance in the unwired part of the world. Banks have access to this world and this is unlikely to change in the near term. Having said that, Zopa's success has shown us that the trust of the community can be built on the web and this should not remain an area of concern for Facebook. But what remains to be seen is whether Facebook can win the regulators in a cross-border scenario. Dushyant

17 Mar 2010 Reply Read article

Wow, cool tech - but does it pass the 'bum' test?

Do not see life in a physical object acting as a intermediary in a mobile to mobile payment scenario..throws 'convenience' out of the window. We need a utility test for this before it can be bummed or crumpled - Is there a need for a smart banknote in today's transaction scenario?

17 Mar 2010 Reply Read article