Private Banking in the Bank of Tomorrow

1
Private Banking in the Bank of Tomorrow

• Presented by
• Dr. Jalal Rasoulov
• Dr. Abdoh Tabrizi

2
Why are banks changing?

• Significant financial innovations
• The increased competition in the industry
• Bank mergers acquisitions
• Technological advances
• Conveniences for the consumer

3
Changes in Basic Economic Framework

• Privatizing the supply of currencies
• End of governments currency monopoly
• Escape from inefficient domestic financial
  regulations to offshore banking activities
• Change of the ratio of currency to deposits or
  the money multiplier

• Change of the concept of liquidity
• A new monetary standard
• Money will be created on demand
• Tax reforms to stop massive capital exodus
• Zero bank reserves
• Share banking

4
Major Trends in Tomorrows Private Banking

• New products and services
• Private customers to be their own bank branches
• Virtual private banking
• Privacy and safety
• New supervisory process
• New Regulations
• Mergers and acquisitions
• Technical enhancements between banks and their
  private clients