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Entry to banking industry 33.
MobiKwik, the mobile payments startup that is number two to Paytm in India, is quietly confident that it can take advantage of its rival's focus on e-commerce and recent entry to banking to even the playing field.
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Even existing laws are misunderstood, he said, with a woman refused entry to a bank because employees thought a head scarf was illegal.
Even in banks' boardrooms, they've noticed that the cost of entry to the investment banking casino has gone up.
In addition, the rule may pose a barrier to entry to some commercial banks that can't afford the sophisticated regulatory apparatus to comply with the rule.
"It is harder to raise funding, and entrepreneurs are less focused on commercializing new ideas than in the U.S. It is also difficult for small entrepreneurial companies to gain entry to big global banks," he noted.
It is a space more befitting the entry to a Wall Street banking house than a typical mini-storage warehouse.
There are very few places better on earth to appreciate the awesome capabilities of a grand prix car than to stand on the spectator bank at the entry to Becketts.
The problem is that there are large barriers to entry in banking.
Further consolidation might help: with fewer competitors, and higher barriers to entry, investment banks might be able to pay their staff less and wring bigger fees out of their customers.
In some markets with high barriers to entry, the banks that once made big loans to developers are being replaced by pension funds that invest their own equity and hire developers.
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