Enviar búsqueda
Cargar
Fintech bubble or Fintech trouble
•
2 recomendaciones
•
2,564 vistas
Julian Levy
Seguir
Overview of Fintech Landscape for retail banking
Leer menos
Leer más
Economía y finanzas
Denunciar
Compartir
Denunciar
Compartir
1 de 28
Descargar ahora
Descargar para leer sin conexión
Recomendados
Israeli Innovation Can Accelerate China's FinTech Revolution
Israeli Innovation Can Accelerate China's FinTech Revolution
Esther Loewy
Banking on Change EVP 2016 Fintech Report
Banking on Change EVP 2016 Fintech Report
Jak Kennedy
Fintech Bubble or Fintech Trouble Redux
Fintech Bubble or Fintech Trouble Redux
Julian Levy
FinTech Industry Report 2016
FinTech Industry Report 2016
Bernard Moon
Sector Study of Financial Technology in the Philippines
Sector Study of Financial Technology in the Philippines
Maurice Gonzales, MTM
Mercer Capital's Value Focus: FinTech Industry | Second Half 2016
Mercer Capital's Value Focus: FinTech Industry | Second Half 2016
Mercer Capital
Fintech Overview - Bekkozha Muslimov
Fintech Overview - Bekkozha Muslimov
Bekkozha Muslimov
Fintech ecosystem in London
Fintech ecosystem in London
Thomas Gendulphe
Recomendados
Israeli Innovation Can Accelerate China's FinTech Revolution
Israeli Innovation Can Accelerate China's FinTech Revolution
Esther Loewy
Banking on Change EVP 2016 Fintech Report
Banking on Change EVP 2016 Fintech Report
Jak Kennedy
Fintech Bubble or Fintech Trouble Redux
Fintech Bubble or Fintech Trouble Redux
Julian Levy
FinTech Industry Report 2016
FinTech Industry Report 2016
Bernard Moon
Sector Study of Financial Technology in the Philippines
Sector Study of Financial Technology in the Philippines
Maurice Gonzales, MTM
Mercer Capital's Value Focus: FinTech Industry | Second Half 2016
Mercer Capital's Value Focus: FinTech Industry | Second Half 2016
Mercer Capital
Fintech Overview - Bekkozha Muslimov
Fintech Overview - Bekkozha Muslimov
Bekkozha Muslimov
Fintech ecosystem in London
Fintech ecosystem in London
Thomas Gendulphe
Ghana's Fintech Landscape: Trends & Opportunities
Ghana's Fintech Landscape: Trends & Opportunities
Paul Damalie
Event: "#FinTech in Asia" - Slide Deck 2nd of February 2015
Event: "#FinTech in Asia" - Slide Deck 2nd of February 2015
CFTE
Getting the Deal Through: FinTech 2017
Getting the Deal Through: FinTech 2017
Matheson Law Firm
Excerpt from the CEE Fintech Report 2016
Excerpt from the CEE Fintech Report 2016
rezeva
Fintech UK market
Fintech UK market
Pier Franchini
Singapore fintech
Singapore fintech
Mark Smith
SFACFE - FinTech Fraud Summit 2017 - "FinTech Overview and Emerging Trends"
SFACFE - FinTech Fraud Summit 2017 - "FinTech Overview and Emerging Trends"
Timothy Li
Global banks 2021 outlook
Global banks 2021 outlook
Chris Skinner
Current FinTech Trends in Retail Lending
Current FinTech Trends in Retail Lending
BankersLab
PWC - Global FinTech Report 2017 - startup
PWC - Global FinTech Report 2017 - startup
Ian Beckett
Rewired.earth building a sustainable future - september 2021 (4) (1) (2)
Rewired.earth building a sustainable future - september 2021 (4) (1) (2)
Chris Skinner
2015 Fintech Distrubtion Survey
2015 Fintech Distrubtion Survey
Bank Director
Fintech hub-review-2016
Fintech hub-review-2016
Bankir_Ru
Disruption in Financial Services? A Silicon Valley Perspective
Disruption in Financial Services? A Silicon Valley Perspective
Hearsay Systems
The Top 6 FINTECH TRENDS for 2017
The Top 6 FINTECH TRENDS for 2017
The Pathway Group
Money Of The Future 1H'2016
Money Of The Future 1H'2016
Vladislav Solodkiy
Kalifa fintechreview exec_summary
Kalifa fintechreview exec_summary
Chris Skinner
2015 banking industry trends and outlook
2015 banking industry trends and outlook
JLL
FinTech and Banking - Friend or Foe?
FinTech and Banking - Friend or Foe?
Fred (Juan) Kelly
[Fintech in Asia] E-payments - Marvelstone Tech at SGX event
[Fintech in Asia] E-payments - Marvelstone Tech at SGX event
Joe Seunghyun Cho
Thailand Fintech landscape 2016 special report by techsauce
Thailand Fintech landscape 2016 special report by techsauce
Techsauce Media
Market perspective november 2016
Market perspective november 2016
Mark Biegel
Más contenido relacionado
La actualidad más candente
Ghana's Fintech Landscape: Trends & Opportunities
Ghana's Fintech Landscape: Trends & Opportunities
Paul Damalie
Event: "#FinTech in Asia" - Slide Deck 2nd of February 2015
Event: "#FinTech in Asia" - Slide Deck 2nd of February 2015
CFTE
Getting the Deal Through: FinTech 2017
Getting the Deal Through: FinTech 2017
Matheson Law Firm
Excerpt from the CEE Fintech Report 2016
Excerpt from the CEE Fintech Report 2016
rezeva
Fintech UK market
Fintech UK market
Pier Franchini
Singapore fintech
Singapore fintech
Mark Smith
SFACFE - FinTech Fraud Summit 2017 - "FinTech Overview and Emerging Trends"
SFACFE - FinTech Fraud Summit 2017 - "FinTech Overview and Emerging Trends"
Timothy Li
Global banks 2021 outlook
Global banks 2021 outlook
Chris Skinner
Current FinTech Trends in Retail Lending
Current FinTech Trends in Retail Lending
BankersLab
PWC - Global FinTech Report 2017 - startup
PWC - Global FinTech Report 2017 - startup
Ian Beckett
Rewired.earth building a sustainable future - september 2021 (4) (1) (2)
Rewired.earth building a sustainable future - september 2021 (4) (1) (2)
Chris Skinner
2015 Fintech Distrubtion Survey
2015 Fintech Distrubtion Survey
Bank Director
Fintech hub-review-2016
Fintech hub-review-2016
Bankir_Ru
Disruption in Financial Services? A Silicon Valley Perspective
Disruption in Financial Services? A Silicon Valley Perspective
Hearsay Systems
The Top 6 FINTECH TRENDS for 2017
The Top 6 FINTECH TRENDS for 2017
The Pathway Group
Money Of The Future 1H'2016
Money Of The Future 1H'2016
Vladislav Solodkiy
Kalifa fintechreview exec_summary
Kalifa fintechreview exec_summary
Chris Skinner
2015 banking industry trends and outlook
2015 banking industry trends and outlook
JLL
FinTech and Banking - Friend or Foe?
FinTech and Banking - Friend or Foe?
Fred (Juan) Kelly
[Fintech in Asia] E-payments - Marvelstone Tech at SGX event
[Fintech in Asia] E-payments - Marvelstone Tech at SGX event
Joe Seunghyun Cho
La actualidad más candente
(20)
Ghana's Fintech Landscape: Trends & Opportunities
Ghana's Fintech Landscape: Trends & Opportunities
Event: "#FinTech in Asia" - Slide Deck 2nd of February 2015
Event: "#FinTech in Asia" - Slide Deck 2nd of February 2015
Getting the Deal Through: FinTech 2017
Getting the Deal Through: FinTech 2017
Excerpt from the CEE Fintech Report 2016
Excerpt from the CEE Fintech Report 2016
Fintech UK market
Fintech UK market
Singapore fintech
Singapore fintech
SFACFE - FinTech Fraud Summit 2017 - "FinTech Overview and Emerging Trends"
SFACFE - FinTech Fraud Summit 2017 - "FinTech Overview and Emerging Trends"
Global banks 2021 outlook
Global banks 2021 outlook
Current FinTech Trends in Retail Lending
Current FinTech Trends in Retail Lending
PWC - Global FinTech Report 2017 - startup
PWC - Global FinTech Report 2017 - startup
Rewired.earth building a sustainable future - september 2021 (4) (1) (2)
Rewired.earth building a sustainable future - september 2021 (4) (1) (2)
2015 Fintech Distrubtion Survey
2015 Fintech Distrubtion Survey
Fintech hub-review-2016
Fintech hub-review-2016
Disruption in Financial Services? A Silicon Valley Perspective
Disruption in Financial Services? A Silicon Valley Perspective
The Top 6 FINTECH TRENDS for 2017
The Top 6 FINTECH TRENDS for 2017
Money Of The Future 1H'2016
Money Of The Future 1H'2016
Kalifa fintechreview exec_summary
Kalifa fintechreview exec_summary
2015 banking industry trends and outlook
2015 banking industry trends and outlook
FinTech and Banking - Friend or Foe?
FinTech and Banking - Friend or Foe?
[Fintech in Asia] E-payments - Marvelstone Tech at SGX event
[Fintech in Asia] E-payments - Marvelstone Tech at SGX event
Destacado
Thailand Fintech landscape 2016 special report by techsauce
Thailand Fintech landscape 2016 special report by techsauce
Techsauce Media
Market perspective november 2016
Market perspective november 2016
Mark Biegel
The balance sheet recession
The balance sheet recession
carljohnsson
Monthly Market Perspective - January 2017
Monthly Market Perspective - January 2017
Mark Biegel
Japanese Cherry Blossom Bridal Shower
Japanese Cherry Blossom Bridal Shower
Mary Anneken
The Age Of Balance Sheet Recessions What Post 2008 U.S., Europe And China Can...
The Age Of Balance Sheet Recessions What Post 2008 U.S., Europe And China Can...
merzak emerzak
Veber FinTech Vs Banking consumer report
Veber FinTech Vs Banking consumer report
Marie Johnson
Market Perspectives February 2017
Market Perspectives February 2017
Mark Biegel
Are Capital Controls Effective in Preventing Financial CrisesA
Are Capital Controls Effective in Preventing Financial CrisesA
Ling Huang
Market Perspectives - December 2016
Market Perspectives - December 2016
Mark Biegel
Spartan Route - Capital Controls - Greece
Spartan Route - Capital Controls - Greece
Danny O' Donovan
The Asian Debt Crisis of the 1990's
The Asian Debt Crisis of the 1990's
catch_ashutosh
Alhuda CIBE - The State of Islamic Capital Markets and Future Prospects
Alhuda CIBE - The State of Islamic Capital Markets and Future Prospects
Alhuda Centre of Islamic Banking & Economics
Greek Sovereign Debt Crisis
Greek Sovereign Debt Crisis
Aditya
MDEC Fintech Developer Bootcamp - Fintech Masterclass Day 2
MDEC Fintech Developer Bootcamp - Fintech Masterclass Day 2
iTrain
Cloud computing
Cloud computing
Bhuridech Sudsee
MDEC Fintech Conference - Facilitating Innovation Through The Fintech Regulat...
MDEC Fintech Conference - Facilitating Innovation Through The Fintech Regulat...
iTrain
Entrepreneurship fintech & islamic finance v1.4
Entrepreneurship fintech & islamic finance v1.4
Jamal Nassar
Greece Financial Crisis - Case Study
Greece Financial Crisis - Case Study
Mithrill Alex
Impact of greece crisis
Impact of greece crisis
Savinder Singh
Destacado
(20)
Thailand Fintech landscape 2016 special report by techsauce
Thailand Fintech landscape 2016 special report by techsauce
Market perspective november 2016
Market perspective november 2016
The balance sheet recession
The balance sheet recession
Monthly Market Perspective - January 2017
Monthly Market Perspective - January 2017
Japanese Cherry Blossom Bridal Shower
Japanese Cherry Blossom Bridal Shower
The Age Of Balance Sheet Recessions What Post 2008 U.S., Europe And China Can...
The Age Of Balance Sheet Recessions What Post 2008 U.S., Europe And China Can...
Veber FinTech Vs Banking consumer report
Veber FinTech Vs Banking consumer report
Market Perspectives February 2017
Market Perspectives February 2017
Are Capital Controls Effective in Preventing Financial CrisesA
Are Capital Controls Effective in Preventing Financial CrisesA
Market Perspectives - December 2016
Market Perspectives - December 2016
Spartan Route - Capital Controls - Greece
Spartan Route - Capital Controls - Greece
The Asian Debt Crisis of the 1990's
The Asian Debt Crisis of the 1990's
Alhuda CIBE - The State of Islamic Capital Markets and Future Prospects
Alhuda CIBE - The State of Islamic Capital Markets and Future Prospects
Greek Sovereign Debt Crisis
Greek Sovereign Debt Crisis
MDEC Fintech Developer Bootcamp - Fintech Masterclass Day 2
MDEC Fintech Developer Bootcamp - Fintech Masterclass Day 2
Cloud computing
Cloud computing
MDEC Fintech Conference - Facilitating Innovation Through The Fintech Regulat...
MDEC Fintech Conference - Facilitating Innovation Through The Fintech Regulat...
Entrepreneurship fintech & islamic finance v1.4
Entrepreneurship fintech & islamic finance v1.4
Greece Financial Crisis - Case Study
Greece Financial Crisis - Case Study
Impact of greece crisis
Impact of greece crisis
Similar a Fintech bubble or Fintech trouble
Accelerating the change: London FinTech 2015-2016 Trend Report
Accelerating the change: London FinTech 2015-2016 Trend Report
Startupbootcamp
The Future of FinTech
The Future of FinTech
CFTE
Mercer Capital's Bank Watch | April 2017 | Is FinTech a Threat or Opportunity?
Mercer Capital's Bank Watch | April 2017 | Is FinTech a Threat or Opportunity?
Mercer Capital
The Finance, The Digital & The Society - Smart Cities Summit 2018 - Algiers
The Finance, The Digital & The Society - Smart Cities Summit 2018 - Algiers
Smart Algiers
pwc_fintech_global_report.pdf
pwc_fintech_global_report.pdf
harshita181260
OeNB Fintech in Austria and Internationally
OeNB Fintech in Austria and Internationally
i5invest
Pwc fintech-global-report-2016
Pwc fintech-global-report-2016
PwC España
Pwc fintech-global-report
Pwc fintech-global-report
Jose Pereira Cabezuelo
Retail Banking: In tech we trust
Retail Banking: In tech we trust
The Economist Media Businesses
Trends in the microfinance ecosystem
Trends in the microfinance ecosystem
Tulasi Ram
The disruption of banking
The disruption of banking
The Economist Media Businesses
IanGoodliffe_CACI
IanGoodliffe_CACI
Ian Goodliffe
CHALLENGES AND PROBLEMS IN BANKING INNOVATIONS IN INDIA- AN OUTLOOK
CHALLENGES AND PROBLEMS IN BANKING INNOVATIONS IN INDIA- AN OUTLOOK
PARAMASIVANCHELLIAH
Frederic Nze, Oakam - NOAH18 London
Frederic Nze, Oakam - NOAH18 London
NOAH Advisors
World Payments Report 2011
World Payments Report 2011
dantonov
World Payments Report, 2011
World Payments Report, 2011
Animish Gautam
Mapa insightseries disruptor_brochure_may15
Mapa insightseries disruptor_brochure_may15
Mapa International Limited
FinTech outlook for 2017 report discussing trends, opportunities and challenges
FinTech outlook for 2017 report discussing trends, opportunities and challenges
MEDICI admin
Mobile banking 2015 - Etude KPMG
Mobile banking 2015 - Etude KPMG
FrenchWeb.fr
Cutting through-the-fin tech-noise-full-report
Cutting through-the-fin tech-noise-full-report
SRI HARSHA JETTI
Similar a Fintech bubble or Fintech trouble
(20)
Accelerating the change: London FinTech 2015-2016 Trend Report
Accelerating the change: London FinTech 2015-2016 Trend Report
The Future of FinTech
The Future of FinTech
Mercer Capital's Bank Watch | April 2017 | Is FinTech a Threat or Opportunity?
Mercer Capital's Bank Watch | April 2017 | Is FinTech a Threat or Opportunity?
The Finance, The Digital & The Society - Smart Cities Summit 2018 - Algiers
The Finance, The Digital & The Society - Smart Cities Summit 2018 - Algiers
pwc_fintech_global_report.pdf
pwc_fintech_global_report.pdf
OeNB Fintech in Austria and Internationally
OeNB Fintech in Austria and Internationally
Pwc fintech-global-report-2016
Pwc fintech-global-report-2016
Pwc fintech-global-report
Pwc fintech-global-report
Retail Banking: In tech we trust
Retail Banking: In tech we trust
Trends in the microfinance ecosystem
Trends in the microfinance ecosystem
The disruption of banking
The disruption of banking
IanGoodliffe_CACI
IanGoodliffe_CACI
CHALLENGES AND PROBLEMS IN BANKING INNOVATIONS IN INDIA- AN OUTLOOK
CHALLENGES AND PROBLEMS IN BANKING INNOVATIONS IN INDIA- AN OUTLOOK
Frederic Nze, Oakam - NOAH18 London
Frederic Nze, Oakam - NOAH18 London
World Payments Report 2011
World Payments Report 2011
World Payments Report, 2011
World Payments Report, 2011
Mapa insightseries disruptor_brochure_may15
Mapa insightseries disruptor_brochure_may15
FinTech outlook for 2017 report discussing trends, opportunities and challenges
FinTech outlook for 2017 report discussing trends, opportunities and challenges
Mobile banking 2015 - Etude KPMG
Mobile banking 2015 - Etude KPMG
Cutting through-the-fin tech-noise-full-report
Cutting through-the-fin tech-noise-full-report
Último
MASTERING FOREX: STRATEGIES FOR SUCCESS.pdf
MASTERING FOREX: STRATEGIES FOR SUCCESS.pdf
Cocity Enterprises
Business Principles, Tools, and Techniques in Participating in Various Types...
Business Principles, Tools, and Techniques in Participating in Various Types...
jeffreytingson
Q1 2024 Conference Call Presentation vF.pdf
Q1 2024 Conference Call Presentation vF.pdf
Adnet Communications
Explore Dual Citizenship in Africa | Citizenship Benefits & Requirements
Explore Dual Citizenship in Africa | Citizenship Benefits & Requirements
marketingkingdomofku
Famous No1 Amil Baba Love marriage Astrologer Specialist Expert In Pakistan a...
Famous No1 Amil Baba Love marriage Astrologer Specialist Expert In Pakistan a...
janibaber266
Strategic Resources May 2024 Corporate Presentation
Strategic Resources May 2024 Corporate Presentation
Adnet Communications
Stock Market Brief Deck (Under Pressure).pdf
Stock Market Brief Deck (Under Pressure).pdf
Michael Silva
Black magic specialist in Canada (Kala ilam specialist in UK) Bangali Amil ba...
Black magic specialist in Canada (Kala ilam specialist in UK) Bangali Amil ba...
batoole333
uk-no 1 kala ilam expert specialist in uk and qatar kala ilam expert speciali...
uk-no 1 kala ilam expert specialist in uk and qatar kala ilam expert speciali...
batoole333
Technology industry / Finnish economic outlook
Technology industry / Finnish economic outlook
TechFinland
W.D. Gann Theory Complete Information.pdf
W.D. Gann Theory Complete Information.pdf
Million-$-Knowledge {Million Dollar Knowledge}
Shrambal_Distributors_Newsletter_May-2024.pdf
Shrambal_Distributors_Newsletter_May-2024.pdf
vikashdidwania1
Lion One Corporate Presentation May 2024
Lion One Corporate Presentation May 2024
Adnet Communications
cost-volume-profit analysis.ppt(managerial accounting).pptx
cost-volume-profit analysis.ppt(managerial accounting).pptx
azadalisthp2020i
Certified Kala Jadu, Black magic specialist in Rawalpindi and Bangali Amil ba...
Certified Kala Jadu, Black magic specialist in Rawalpindi and Bangali Amil ba...
batoole333
falcon-invoice-discounting-unlocking-prime-investment-opportunities
falcon-invoice-discounting-unlocking-prime-investment-opportunities
Falcon Invoice Discounting
logistics industry development power point ppt.pdf
logistics industry development power point ppt.pdf
Salimullah13
Economics Presentation-2.pdf xxjshshsjsjsjwjw
Economics Presentation-2.pdf xxjshshsjsjsjwjw
mordockmatt25
Bhubaneswar🌹Ravi Tailkes ❤CALL GIRLS 9777949614 💟 CALL GIRLS IN bhubaneswar ...
Bhubaneswar🌹Ravi Tailkes ❤CALL GIRLS 9777949614 💟 CALL GIRLS IN bhubaneswar ...
Call Girls Mumbai
7 tips trading Deriv Accumulator Options
7 tips trading Deriv Accumulator Options
Vince Stanzione
Último
(20)
MASTERING FOREX: STRATEGIES FOR SUCCESS.pdf
MASTERING FOREX: STRATEGIES FOR SUCCESS.pdf
Business Principles, Tools, and Techniques in Participating in Various Types...
Business Principles, Tools, and Techniques in Participating in Various Types...
Q1 2024 Conference Call Presentation vF.pdf
Q1 2024 Conference Call Presentation vF.pdf
Explore Dual Citizenship in Africa | Citizenship Benefits & Requirements
Explore Dual Citizenship in Africa | Citizenship Benefits & Requirements
Famous No1 Amil Baba Love marriage Astrologer Specialist Expert In Pakistan a...
Famous No1 Amil Baba Love marriage Astrologer Specialist Expert In Pakistan a...
Strategic Resources May 2024 Corporate Presentation
Strategic Resources May 2024 Corporate Presentation
Stock Market Brief Deck (Under Pressure).pdf
Stock Market Brief Deck (Under Pressure).pdf
Black magic specialist in Canada (Kala ilam specialist in UK) Bangali Amil ba...
Black magic specialist in Canada (Kala ilam specialist in UK) Bangali Amil ba...
uk-no 1 kala ilam expert specialist in uk and qatar kala ilam expert speciali...
uk-no 1 kala ilam expert specialist in uk and qatar kala ilam expert speciali...
Technology industry / Finnish economic outlook
Technology industry / Finnish economic outlook
W.D. Gann Theory Complete Information.pdf
W.D. Gann Theory Complete Information.pdf
Shrambal_Distributors_Newsletter_May-2024.pdf
Shrambal_Distributors_Newsletter_May-2024.pdf
Lion One Corporate Presentation May 2024
Lion One Corporate Presentation May 2024
cost-volume-profit analysis.ppt(managerial accounting).pptx
cost-volume-profit analysis.ppt(managerial accounting).pptx
Certified Kala Jadu, Black magic specialist in Rawalpindi and Bangali Amil ba...
Certified Kala Jadu, Black magic specialist in Rawalpindi and Bangali Amil ba...
falcon-invoice-discounting-unlocking-prime-investment-opportunities
falcon-invoice-discounting-unlocking-prime-investment-opportunities
logistics industry development power point ppt.pdf
logistics industry development power point ppt.pdf
Economics Presentation-2.pdf xxjshshsjsjsjwjw
Economics Presentation-2.pdf xxjshshsjsjsjwjw
Bhubaneswar🌹Ravi Tailkes ❤CALL GIRLS 9777949614 💟 CALL GIRLS IN bhubaneswar ...
Bhubaneswar🌹Ravi Tailkes ❤CALL GIRLS 9777949614 💟 CALL GIRLS IN bhubaneswar ...
7 tips trading Deriv Accumulator Options
7 tips trading Deriv Accumulator Options
Fintech bubble or Fintech trouble
1.
© Julian Levy
- May 2016 an overview of the fintech landscape 30 MAY 2016 fintech bubble or fintech trouble An overview of the FinTech Landscape and its implications for retail banking 1
2.
© Julian Levy
- May 2016 setting the context the nature of the competition why now what happens next? table of contents 2
3.
© Julian Levy
- May 2016 Setting the context 3
4.
© Julian Levy
- May 2016 FOR BANKING the easy bit is over The 2008 credit crisis presented unparalleled challenges for modern finance, however many firms have pulled through restructure deleverage shed non core assets write down assets increase provisions 2009 todo list decrease operating costs 4
5.
© Julian Levy
- May 2016 now comes the hard bit increased regulation cost of capital>roe functional disaggregation new competitors Non Performing Loans 2016 challenges low interest rates low growth However the road ahead presents more challenges and opportunities "I'm convinced that too few European banks were dismantled and disappeared from the market" Andrea Enria, European Banking Authority (EBA) chief (2013) 5
6.
© Julian Levy
- May 2016 how much is being invested in capturing your business? ~$20obn Estimated Global IT Spend by Banks ~$16obn Run the BankChange the Bank US$0 US$7,500 US$15,000 US$22,500 US$30,000 2010 2011 2012 2013 2014 2015 Venture Capital allocation to FinTech continues to grow https://newsroom.accenture.com/news/global-fintech-investment-growth-continues-in-2016-driven-by-europe-and-asia-accenture-study-finds.htm $22bn ~$4ob “Silicon Valley is coming. There are hundreds of start-ups with a lot of brains and money working on various alternatives to traditional banking” Jamie Dimon, CEO JP Morgan Chase 6
7.
© Julian Levy
- May 2016 how much is at risk? Citibank research suggests that the digitalisation of an industry resulted in an average shift of 44%1 of market share to new players over a decade , whilst mckinsey estimate 60% of Global banking profits from origination and sales under attack2 1. How FinTech is Forcing Banking to a Tipping Point - Citibank Research 2. McKinsey - Cutting Through the FinTech Noise: Markers of Success, Imperatives for Banks source: Citibank1 "The incumbents risk becoming merely capital- providing utilities that operate in a highly regulated, less profitable environment, a situation unlikely to be tolerated by shareholders.” Antony Jenkins, former CEO - Barclays 7
8.
© Julian Levy
- May 2016 and how much is hype? £6.6bn UK Annual Revenues from High Growth FinTech 61K Number of People Employed in High Growth FinTech £108k Implied average revenue per employee £20bn UK Annual Revenues from FinTech1 The industry is still young, and whilst it has a lot of capital being allocated to it, has not been through an economic cycle. Performance Time low quality use medium quality use high quality use most demanding use Technology Disruption Source: Clay Christensen Disruptive Innovation Framework “There is near hysteria about Fintech. Yes it’s here, yes it’s real, but it’s not going to change your life tomorrow. It will take years for the potential of these technologies to unfold” James Gorman, CEO Morgan Stanley 1. https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/341336/Landscaping_UK_Fintech.pdf 2. https://www.cityoflondon.gov.uk/business/economic-research-and-information/research-publications/Documents/Research-2015/Total-Tax-2015-OnlineFinal.pdf 3. https://www.linkedin.com/pulse/fintech-lending-balance-sheet-vs-intermediary-michael-baptista 2005 £1.2B .73% (0.5% - 3.4%)5£11.5M 2014 revenues3 year founded amount lent through platform Avg default rates 2010 - 20144 4. http://www.zopa.com/lending/risk-data 5. http://www.lendacademy.com/an-inside-look-at-zopa-the-worlds-first-p2p-lender/ 8
9.
© Julian Levy
- May 2016 the nature of the competition source:cbinsights 9
10.
© Julian Levy
- May 2016 seven areas of FINTECH Challengers foreign exchange investment/advisory platforms LENDing platforms payments financial aggregators each customer experience lost to a new player can weaken their relationship with a bank, and accelerate their acceptance of new technology providers 10 Insurance currency outofscope this deck is only focusing on the five that directly impact retail banking
11.
© Julian Levy
- May 2016 Foreign exchange 141.31 139.22 (1.5%) UK banks charge an average of 3.6% on a £10,000 transaction, compared to an average of just 0.9% charged by non- bank providers1. New players are now offering interbank spot rates. FX PLATFORMS WITH LOW CUSTOMER ACQUISITION COSTS, END TO END DIGITAL EXPERIENCE, AND a better value proposition are available for consumers and sMe’s1 https://www.saxopayments.com/non-bank-money-transfer-providers-eating-into-uk-bank-profits-111198 11 134.73 (4.8%)
12.
© Julian Levy
- May 2016 lending to smes and consumers 27% 16% % FinTech investment $ allocated to1 Business Lending Consumer Lending 2. http://www3.weforum.org/docs/IP/2015/FS/GAC15_The_Future_of_FinTech_Paradigm_Shift_Small_Business_Finance_report_2015.pdf 123% 2010 - 2014 CAGR for marketplace lending2 1. http://www.morganstanley.com/ideas/p2p-marketplace-lending/ 3.43% 3. http://www.nesta.org.uk/sites/default/files/pushing_boundaries_0.pdf % of SME lending in uk via alt. financing (2015) almost 1/3 targeting real-estate sector3 intermediary and principal based models mainly unsecured higher risk and moral hazard innovative credit scoring models lean operational models uk fintech lending growth by sector3 2015 2014 YoY Growth P2P Business Lending (ex Real Estate) 881 P2P Real Estate Lending 609 total P2P Business Lending 1490 749 99% P2P Consumer Lending 909 547 66% Invoice Trading 325 270 20% Equity Based Crowd Funding (ex Real Estate) 245 Equity Based Crowd Funding (Real Estate) 87 total Equity Based Crowd Funding 332 84 295% nonbank lenders have structural capital advantage 12
13.
© Julian Levy
- May 2016 payments Deloitte’s Estimate 25% of european retail banking revenue linked to payments 1 http://www.mckinsey.com/industries/financial-services/our-insights/the-digital-battle-that-banks-must-win 2 Deloittes 2015: Payments disrupted - The emerging challenge for European retail banks 25% credit card interest credit interest margin float benefit interchange fees fx spread bank transfer charges debit/credit card fees CURRENT-ACCOUNT FEES 44% 35% 21% big difference between developed/ developing world non banks creating payment and acceptance solutions ecommerce dominated by new players and growing rapidly CROSS-BORDER SME PAYMENTS SEEN AS major opportunities ecommerce currently at 8.5% of US sales, and CAGR of 10.4% 2006-20153 source: http://www.census.gov/retail/mrts/www/data/pdf/ec_current.pdf 13
14.
© Julian Levy
- May 2016 aggregators services allowing users to combine multiple financial data sources present a disintermediation risk to incumbent players. PSD2 xs2a* will be a major driver of change XS2A (API) Third party providers Banking apps Banking apps XS2A (API) XS2A (API) XS2A (API) current approach post psd2 xs2a *EU Regulation - Payment Services Directive 2, Access to Accounts Currently growth is held back by broad refusal of banks to support sharing of credentials with third party services. 14
15.
© Julian Levy
- May 2016 investment/advisory platforms robo-advisors, and user-centric financial management platforms offer partnership opportunities and disintermediation threat 15
16.
© Julian Levy
- May 2016 why now? 16
17.
© Julian Levy
- May 2016 multiple factors are accelerating the rate of change Digital Natives new technology low growth new regulation new entrants a combination of structural and technical changes are converging to accelerate the growth of the fintech industry 17
18.
© Julian Levy
- May 2016 rapid Release cycles structurally lower cost base regulatory support highly focused low barriers to entry online is default environment supply and demand are digital natives With a generation of companies and consumers growing up with the Internet as standard, leveraging new online services and platforms is seen as normative, and New players are entering without accrued technical debt providing structural cost advantages. “customers are 4.5 times more likely to choose a bank with a good digital banking platform than one with branches nearby” The fight for the customer:McKinsey Global Banking Review 2015 18
19.
© Julian Levy
- May 2016 new technologies New technological capabilities and delivery mediums have resulted in the ability to reengineer the customer experience and replace legacy systems at low cost big data - here mobile ubiquity - here cloud services - here machine learning - getting here open source Software - here Blockchain - not quite here yet standardised API’S - GETTING here 19
20.
© Julian Levy
- May 2016 Low Growth Long-term low interest rate environments has resulted in increases in both venture allocation, and appetite for opportunities offered by new lending schemes and alternative finance platforms. displaced financial services workers provide experienced resources for new players 6%-9% 1. Source: MORGAN STANLEY RESEARCH, May 19, 2015 Global Marketplace Lending Yield on marketplace financing (W/Out Leverage)1 11% venture capital fund raising caGR 2009 - 20142 2. Source: http://www.bain.com/Images/BAIN_REPORT_Global_Private_Equity_Report_2015.pdf 43% Monthly compound growth in institutional capital on p2p lending platforms jan 2014 - apr 2015 132K Number of jobs lost in city of london 2008 - 20133 3. Source: http://realbusiness.co.uk/article/29193-a-glance-at-london-employment-over-10-years-the-financial-crisis-and-its-aftermath extensive government support via tax breaks and investment 20
21.
© Julian Levy
- May 2016 New regulation Regulators have significantly increased their oversight on traditional financial institutions whilst providing new entry paths and a light touch for newcomers PSD2 xs2a* will be a major shift Regulatory Arbitrage for MarketPlace Lenders international payments remain tightly regulated “Regulators should never be at the front of technological development. Regulators should follow it as closely as possible, understand it and deal with financial stability and consumer protection. You don’t want to over regulate before you understand it.”1 Jeroen Dijsselbloem, Dutch Finance Minister 1 http://www.bloomberg.com/news/articles/2016-01-25/biggest-global-banks-at-davos-we-re-all-fintech-innovators-now security and accountability being addressed 21
22.
© Julian Levy
- May 2016 new entrants Non-traditional players have begun to eat into financial services, and with psd2, they have more scope to extend their capabilities e-commerce platforms - real-time insight into financial performance mobile eating into branch network moat highly targeted propositions 63% % Retail Bank Customers leveraging Fintech applications or services1 students real estate supply chain financing money transfer new data sources allowing experimentation in risk models 22
23.
© Julian Levy
- May 2016 what happens next? 23
24.
© Julian Levy
- May 2016 Fear NOT All is not lost banks are well positioned to compete with significant reputational, digital and material assets trusted brands lots of data banks have the customers Massive scale and the appetite to change Big balance sheets A Physical Network “doing the same thing a little better is now the riskiest thing you can do.” Antony Jenkins, former CEO - Barclays 24
25.
© Julian Levy
- May 2016 how are banks responding? invest acquire engage Direct Strategic Investments Setting up their own VC’s investing in other vc’s startup accelerators commercial partnerships innovation programs Startup incubators fast followers catalysts leaders banks have been acquiring a wide range of fintech companies ranging from online banks to technical capabilities and specific solutions “FS-on-FS acquisitions achieve ‘above market’ returns of 4%-6% after 12 months, FS-on-Tech acquisitions returned 10%-15% over the same period.” Arjun Sethi, Partner, A.T. Kearney Where banks have structural disadvantages due to cost of capital, fintech platforms offer a route to higher returns 27
26.
© Julian Levy
- May 2016 and the new players have a lot to learn In the us - leading platforms struggling to get their models right sells on loans to institutional seen demand fall 35% YoY has needed to raise rates 3 times in 6 months increased risk on balance sheet cutting staff by 28% seen first QOq fall in 3 years has had major compliance issues Quality of high risk U.S. loans decreasing BORROWERS debt/income ratio grew 18% in 2015 average income of borrowers dropped 3% in 2015. recent loan delinquency rates rising1 1. http://ftalphaville.ft.com/2016/02/22/2153904/the-worrying-signal-from-us-online-lending/ “We don't Take Credit Risk” - maybe you do!2 2. http://ftalphaville.ft.com/tag/online-lending/ 26
27.
© Julian Levy
- May 2016 where to next regulatory and cost pressures likely to remain new players grow into ancillary services EATING AWAY AT BANKING MARGINS Time confidence interest rates go up higher profile failures in lending business banking consolidation back-end utilities and front-end banks diverge? low high near far digitisation works ~50% of personal lending was executed through digital channels at Barclays in March 2015, up from one-third in 2014. regulations gradually increase on fintech ongoing banking digitalisation minor fintech scandals 28
28.
© Julian Levy
- May 2016 questions 29
Descargar ahora