Fintech Bridge...2017/10/03 · Peter Oakes - Founder, Fintech Ireland & Fintech UK Executive and...

1© Fintech Ireland

www.fintechireland.com

Fintech BridgeTuesday, 3rd October 2017

Bridging the Atlantic.

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Lunch Atop a Skyscraper

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How did this event come about?

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Bridging the Atlantic

© Fintech Ireland / www.fintechireland.com

NEW YORK

ATLANTA

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NEW YORK


ATLANTA

Section Speaker Timing

Welcome Ireland Peter O’Halloran(Collaborator, Fintech Ireland)Andrew Conlan-Trant(Executive Dean, DBS)

18.10-18.10

Welcome Atlanta Shane Stephens (Consul GeneralIreland, Southeast US) & DavidHartnett, (Chief EconomicDevelopment Officer, Metro AtlantaChamber of Commerce)

18.10-18.20

Fintech Ireland Scene• What does Ireland’s Fintech

ecosystem look like and howis it evolving?

Peter Oakes(Founder, Fintech Ireland)

18.20-18.30

Fintech Atlanta Scene• What does Atlanta’s Fintech

ecosystem look like and howis it evolving?

Marianne Johnson(Leader, FinTech Atlanta)

18.30-18.40

Agenda – Welcome & Fintech Scenes

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Agenda - Panel SessionsNEW YORK


ATLANTA


Panel Session:InternationalScaling from US &Ireland

• Scaling from Atlantawith Ireland as aEuropean hub

• Scaling from Irelandwith Atlanta as aU.S. hub

• What are possibleimplications &opportunities forIrish & U.S. Fintechfirms with Brexit

Peter Oakes (Dublin)Grant Wainscott (Atlanta)

Panellists (Dublin)Maura McGrath(Joint Venture Services, Elavon)Peter O’Halloran(VP, eCommerce , International, First Data)Ciaran Cassidy(Global Head of eCommerce Product, GlobalPayments)

Panellists (Atlanta)Marianne Johnson(SVP, Head of Product & Technology, Network &Security Solutions, First Data)Aidoo Osei(VP, Product & Innovation, Global Payments)Gabriel Moynagh(CEO, Sysnet Global Solutions)Georgina Nelson(Founder, TruRating)

18.40-19.00

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NEW YORK


ATLANTA


Panel Session: Funding –Venture Capital & PrivacyEquity Investment

• What specific Fintech sectors areinvestors looking at now?

• Venture Capital and privateequity investment insights

• Market trends and challenges

Peter O’Halloran (Dublin)Grant Wainscott (Atlanta)

Panellists (Dublin)Helen Fullen(Accelerator Leader, NDRC)Thomas Olszewski(Associate, Frontline Ventures)

Panellists (Atlanta)Robin Bienfait(Partner, Valor Ventures)Sean Banks(Partner, TTV Capital)

19.00-19.20

Agenda - Panel Sessions

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NEW YORK


ATLANTA


FintechBattle:Ireland &Atlanta.6 Start-Ups.5 minuteseach.

Presenter (Dublin)Andrew Quinn(Finance & Accountancy Course Director, DBS)

Fintech Battlers IrelandClaus Christensen(CEO, Know Your Customer)Sean Fitzgerald(CEO, NuaPay)Greg Birdthistle(Co-founderTaxamo)

Presenter (Atlanta)Grant Wainscott(Senior Director of Technology Ecosystem Expansion,Metro Atlanta Chamber)

Fintech Battlers AtlantaJeff Schmidt(President,Authomate)Andrew Gowasack(Co-founder, Trust Stamp)Kell Canty(Co-founder,Verady).

19.20-19.50

Agenda – Fintech Battles

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NEW YORK

ATLANTA


Fintech Battle: Poll VotingResults & Prize Awards

• What specific Fintech sectors areinvestors looking at now?

• Venture Capital and privateequity investment insights

• Market trends and challenges

Prize Presenter (Dublin)Lexi Koutrelakos(Fintech Atlanta Volunteer)Richard Harris(Head of International Operations,Feedzai)

Prize Presenter (Atlanta)Grant Wainscott(Senior Director of TechnologyEcosystem Expansion, Metro AtlantaChamber)Nuno Sebastiao(CEO, Feedzai)

19.50-19.55

Wrap Up Peter O’Halloran(Collaborator, Fintech Ireland)Jorge Fernandez(VP, Global Commerce, Metro AtlantaChamber)

19.55-20.00

Post Event NetworkingAtlanta:The Garage at Tech Square848 Spring St NW, Atlanta, GA 30308.Dublin: Hogan’s Bar35-37 South Great George's Street, Dublin, D02 AX50.

15.00(Atlanta)

20.00(Dublin)

Agenda – Voting, Prizes & Wrap-Up


Fintech Battle Voting

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Q&A, Hashtag & Live Streaming

Send questions to @fintechbridge - We will endeavour to answer during theevent if time allows, otherwise post-event

Q&A

Live streamingGo to https://fintechbridge.eu/

Hashtag

Please use the hashtag #fintechatlirl and let’s see if we can get this event trending!

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Thank You to ourSponsors & Partners

Sponsors

Media Partner Facility Partner

© Fintech Ireland / www.fintechireland.com13

Opening & Welcome


Fintech ScenesIreland & Atlanta

Peter Oakes - Founder,Fintech Ireland & Fintech UK

Executive and non-executive director and advisory committee member to regulated and unregulated companies, includingFintech, RegTech, MiFID and Funds. Panel Member, Fintech 50 Europe & Fintech 20 Ireland

Solicitor admitted in Ireland, the United Kingdom and Australia

Founder of Fintech Ireland & Fintech UK (RegTech Ireland & Regtech UK). These groups support ‘fintech’ & ‘regtech’initiatives in Ireland & the UK

2014-2016: Board Director & Chief Risk Officer for Bank of America Merchant Services Europe (based in London)

2010-2013: Central Bank’s first Director of Enforcement and AML/CTF Supervision in October 2010. Member of the SeniorLeadership, Operations, Policy & Supervisory Risk Committees

Over the past 25 years Peter has worked as a regulator (Ireland, UK & Australia) and in the investment management,payments, funds & fintech industries (UK & Ireland) in Board, C-Suite, Legal and Compliance/Risk roles. He has also advisedCentral Banks, Regulators and their senior management on a wide range of supervisory and enforcement issues

15© Fintech Ireland / www.fintechireland.com

https://www.linkedin.com/in/peteroakes/ @fintechireland @oakeslaw

Fintech Ireland Event Collaborators

Dave Anderson, Fintech community organiserand DevOps Transformation Consultant

https://ie.linkedin.com/in/daveandersonireland @supergingerdave @gingertechie

Peter O’Halloran,Vice President & GeneralManager, eCommerce, International at First Data

https://ie.linkedin.com/in/peterohalloran @p_ohalloran

Alex Lee, Investor and Board Advisor toFinTech firms

https://uk.linkedin.com/in/alexjameslee @AlexLeeFinTech

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Fintech Ireland – By the Numbers

Origin of Fintech Ireland

Numbers◦ 120,000+ = number of visitors in last year◦ 16,500 = number of current average monthly visits◦ 4,000 = followers on twitter (8,500 across all our

fintech twitter accounts)◦ 1,100 = number of fintech enthusiasts who subscribe

to the email list◦ 40 = number of local & international events

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Fintech Ireland – in one word

FREE18


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Where does Fintech Ireland Fit?


Many VoicesOne Message

We Connect the Dots


We support a number of initiatives to put Irish Fintech on the global map,including

◦ The Fintech 50 (www.thefintech50.com) we promote the inclusion of Irish Fintech on the annual list 2017 saw the inclusion of two Irish Fintech - Fenergo and AQ Metrics 2018 should see even more Irish fintech on the list

◦ The Fintech 20 Ireland: we’re one of the three original stakeholders, togetherwith Irish Tech News & The Fintech 50. Have today confirmed our commitment tothe 2017 event this October (www.irishtechnews.com)

Announcing Partnerships with further overseas hubs and movements

Recent / upcoming trips: Most of Europe, USA (NY and SanFran) andAustralia

Talk to me about sponsoring and supporting Fintech Ireland◦ It’s time for a revamped strategy and facelift!

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International engagement and futuredevelopment

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Fintech Ireland – Map (1/2) (Dave Anderson)


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Fintech Ireland – Map (2/2)136 firms on Map

Top 3 sectors:

• Payments 35 (26%)• Regulation 20 (15%)• Accounting 13 (10%)


Regulated Fintech (Payments & E-Money)

Authorised by CentralBank: 2 x E-money 13 x Payment Services (PS)

Authorised in EEA,passport into Ireland: 554 x E-Money & PS

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Financial Services - Employment

50,000 employed in FinServ

35,000 employed in internationalFinServ◦ these employers contribute €2bn per

year in taxes

10,000 – target for increasing directemployment in the internationalFinserv by 2020

7,000 employed in Fintech

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Ireland - Blockchain Leaders27

Funderbeam - BlockchainReport 2017

Blockchain industry hasgrown since 2013 fromfunding circa $75mn to$856mn.

North America has seen themost funds raised, butIreland is reported at6.26%


Funding Figures - www.IVAC.ie (1/2)

Irish tech firms raised €500mn in first halfof 2017 (actually it was €498.7mn)◦ 3% increase on H1 2016 (€486mn)

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Funding Figures - www.IVAC.ie (2/2)

The H1 2017 figures from the Irish Venture CapitalAssociation note the following fintech raises:

◦ Deposify €200k◦ Flender €1.5mn◦ Plynk €25mn◦ YepUp €570k◦ Rockall €450k◦ Arex €3mn

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CapitalCapital


The dread ‘B’ Word - ‘Brexit’ (1/2)

Without doubt, Brexit will have apositive & negative influence onIreland

100+ enquiries setting up in Ireland

In terms of FinServ & FinTech,positives include:◦ UK based firms looking for a second

home in Ireland◦ international companies which would

otherwise have gravitated to UK as firstEU home, now looking at Ireland

◦ could we snare a regulator?

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The dread ‘B’ Word - ‘Brexit’ (2/2)


Thank you

Join the Fintech Ireland Group

[email protected]

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www.FintechIreland.com/get-involved.html



Fintech ScenesIreland & Atlanta

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PanelInternational Scaling

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PanelVenture Capital & Equity Investment

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Fintech Battle


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Fintech Battle


www.taxamo.com

Global Digital VAT landscapeKnow Your Customer

KYC/AML in the 21st century

• More regulation: AMLD4, FinCEN CDD

• Business demands: Faster, digital, mobile

• Compliance processes stuck in the 80’s

• The (paper) elephant in the room

• Slow, unpleasant, error-prone

• Not even very secure

• Corporate KYC automation• Digital documents from company registries• Automatic corporate structure discovery• AML on all ultimate beneficial owners

• Individual KYC• Request through secure mobile app• Proof of ID: algorithmic authentication

• Faster, more secure, better experience

Solution: Integrated digital KYC

Founded in 2015 Self-funded by 3 co-founders

Distributed team of 18 Sales in Ireland, U.K. and Hong Kong• Next steps:

• Geographical: Expansion into Europe, USA• New markets: KYC on Blockchain, KYC for ICO’s

Richard BarrettCo-Founder

Cormac DoddyCo-Founder

Claus ChristensenCo-Founder, CEO

Know Your Customer, the company

NuaPay

What we are doing

We are creating an eCommerce Alternative Payment Methodto the credit card. Both Merchants and Consumers will see itas far superior to credit cards.

3 Essential Components

MerchantAdvanceFunding

ConsumerPayment

Plans

BANK

ORIGIXCORPORATE

For banksFor corporates

ORIGIXIP

HOW WE BUILT IT

MarketDrive to

Bank basedPayments

24/7SAAS

REALTIMEMISSIONCRITICAL

Authorised& Regulated

by theFinancialConduct

Authority(FCA)

€35bnPROCESSEDANNUALY

ISO 27001&

ISO 9001Certified

WHAT WE HAVE ACHIEVED SO FAR

65 staff in totalof which 45 located

at the HeadQuarters in

Maynooth, IrelandOffices in 5 EU

countries

2015 2016 2017

Nuapay Revenue Growth

www.taxamo.comwww.taxamo.com

Global Digital VAT landscapeTaxamo


Global Digital VAT landscape

● Today 45 countries representing 1.9 billion consumers

● There is expected to be 100+ countries within 3 years.

● Each country has different requirements for tax calculation, reporting, registration, filingand remittance

● Global market is worth $300 Billion + representing 400,000 + merchants

Taxamo propositionGlobal Digital VAT landscape

A single integration will manage the impacted countries today and the 100+ countries

Enables key resources in the organisation to focus on the core business

Guarantee to substantially reduce the cost of VAT Compliance

Assume the risk associated with FX and fines & penalties

Intermediary removing VAT liability, no need for businesses to register, file and remit VAT

www.taxamo.com

Taxamo propositionTaxamo Proposition


Vision

● Taxamo will be a critical part of the global e-commerce infrastructure.

● We will be trusted and seen as the world’s indirect tax clearinghouse for businesseswho sell online.

● We will do this by taking the VAT liability for our clients’ transactions allowing them tofocus on their product.

Global Digital VAT landscapeTaxamo proposition

Vision


Fintech Battle Voting


Fintech BattleResults & Prizes


Wrap Up

Post Event Networking


HOGAN’S BAR (20.00)

THE GARAGE AT TECH SQUARE (15.00)

Fintech Bridge...2017/10/03 · Peter Oakes - Founder, Fintech Ireland & Fintech UK Executive and...

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