Google Bank

Crisis is an Opportunity.

Bailout can not solve Crisis.

Crisis demands Leadership;
Crisis demands Innovation;

It is a Wonderful Opportunity for the New Players.

Take a look at Google, Yahoo, eBay, Amazon;

They do not belong to Computer Industry.

They belong to Information Technology Industry.

Here too, the "I" is more prominent than "T";
That is, Information is more important than Technology.

Google applies the latest Technology
to provide Information;

More than Technology,
Google is an Information company.

Google, Yahoo have a large customer base;
Google, Yahoo serve for Global customers.

Google, Yahoo have highly scalable, available
Web Services for Global Customers
with the support of multi language and other local features.

Google, Yahoo always,
Think Globally; Act Locally.

Google, Yahoo have the Mobile Support too.

Now, let us look at the current Banking Industry.

Do Banks manufacture any products?

No, Banks have No Manufacturing facility.

Do Banks distribute any products?

No, Banks have No Physical Distribution Channel;
No transportation facility.

What do Banks do?

Banks provide INFORMATION to their Customers.

What do Banks do, when you transfer fund?

Even for fund transfer, they do not physically move the currency.
They debit the source account; credit destination account;
All they do, is Information Exchange.

By moving from traditional banking to
Online Banking, Online Bills Payment,
Online Transfer Funds, Online Investments;

Now Mobile Banking;

By doing so, Banks have opened up their industry
for Google, Yahoo and others.

Now, no one drives to bank and deposit check.

Now, no one pays cash for the products.

So, all the Financial Institutions
are based on Information.

If you look at the Banks infrastructure;
It is all Servers and Applications.

So, Google, Yahoo and others can just take over
customers from the existing banks and give a new fresh start.

Its a very thin line between
Recession or Depression and Prosperity.

So, the current Crisis is a Golden opportunity for Google, Yahoo.

It is a natural growth of SOA;
Service Oriented Architecture.