INNOVATION AS A SERVICE - FinTECHTalents · 2018-12-14 · Runway Phase 1: 12 months Runway Phase...
Transcript of INNOVATION AS A SERVICE - FinTECHTalents · 2018-12-14 · Runway Phase 1: 12 months Runway Phase...
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INNOVATION AS A SERVICE
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WE ARE A EUROPEAN B2B FINTECH AIMING FOR
LEADERSHIP IN THE DIGITAL RETAIL WEALTH
MANAGEMENT AND INVESTMENT SPACE
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± 100
Robos in
Europe***
WE LAUNCHED IN JUNE
2018
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± 100
Robos in
Europe***
Yet another Roboadvisor?
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THE POTENTIAL HAS NOT YET BEEN REALIZED BY FAR…
± 100
Robos in
Europe***
22,8 trillion AUM
in europe in 2016*
0,01%
in Robo or
<5 Billion AUM**
10 Trillion EUR on
saving accounts in europe in 2017**
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THERE IS CLEARLY A NEED FOR A NEXT GEN ROBO ADVISORY, AND A DIFFERENT DISTRIBUTION CHANNEL….
Going well beyond
too simplistic
algorithmic
approaches, and
too simplistic asset
allocation methods
Be B2B(2C)
instead of B2C
Ensure API based
‘real’ integration
with a financial
player’ core
banking systems
and PMS systems
Bring
‘compliance
driven’ MIFID 2
legislation to a
higher value
added
custolmer
interaction
1 2 4 6
Integrate deep
end customler
research based
upon an
anthropological
and behavioiral
science
approach,
instead of being
‘product driven’
3
Integrate value
adding
services like
story telling;
more dynamic
engagement,
financial
education, etc.
5
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ONE MORE
THING…WE ARE
ALSO BUILDING…A
NEXT GENERATION
WHITE LABELED RETAIL ONLINE
TRADING PLATFORM
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Is the old cosy world
of face to face
‘offline’ banking a
picture of the past?
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B2B WILL BE THE WINNING MODEL, CHALLENGER/MOBILE ONLY PLAYERS AND INCUMBENTS EMBRACING ‘DIGITAL’ HOLD THE KEY
Challenger banks
Established B2C Financial institutionsTech firms
Established Financial Advisors
Robo Advisors Retail Investors
TECHNOLOGY TO POWER
TECHNOLOGY TO POWER
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OUR OFFER: ROBO-AS-A-SERVICE
A customisable
FRONT END
A truly unique
ALGORITHM
MIFID II compliant
onboarding module
API-based
BACK END
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1
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13 MONTH PROGRAM AT ALIOR ENDING IN DEC WITH A GO TO MARKET PROPOSAL
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Using MPT is not what I would recommend a 25
year old do now.
A lot had happened since I published that article
in 1952.
Prof. harry Markowitz, Nobel Prize in Economic Sciences.
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A FOURTH GENERATION APPROACH TO RISK…iVAR
VOLATILITY
VALUE AT RISK (VaR)
CONDITIONAL VaR (CVaR)
INVESTSUITE VaR (iVaR)
Considers investment
returns are
non-normally
distributed
Penalizes only losses,
not gains
Considers that correlations
between
investment
returns change
over time
Considers the entire return
distribution (ie
all possible
losses)
More proprietary
considerations
& benefits
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iVAR AS A RISK MEASURE…LOOKING AT HOW A REAL INVESTOR PERCEIVES RISK
0
1
2
3
4
5
6
Po
rtfo
lio
Va
lue
Time
Portfolio Value iVaR
2
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BACKTEST TIMESERIES2
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BACKTEST RISK VS. RETURN
2
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INVESTMENT & PORTFOLIO
MANAGEMENT SYSTEM
API GATEWAY
QUEUE
SETTING SERVICE
PORTFOLIO SERVICE
VIEW SERVICE
MICRO SERVICES
BROKER CUSTODIAN
MARKET DATA PROVIDER
1. Request Portfolio Optimization2. Send Portfolio
3. Add portfolio to queue4. Subscribe to portfolio feed5. Get portfolio settings
6. Publish transaction proposals7. Supply transaction proposals8. Web sockets / callback
9. Place order10. Order status
1
2
8
3
4 6
57
9
3
10
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OUR INCOME MODEL WILL BE A MIX OF FIXED AND VARIABLE INCOME, INCLUDING LICENSE AND MAINTENANCE FEES
B2C “assets” = 1 – 3 Trillion OpportunityB2B “managing” these assets: 50 – 60 bps of 1 – 3 TrillionAUM
Set Up fees (pre-study & implementation)
Licence Fee
bps earned on client AUM = % (50 – 100 bps) x client’s AUM
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BART VANHAERENCEO
Seasoned Banking Executive
Founded 3 businesses
20 years banking experience
Ex GE Capital; Arthur D. Little;
KBC Securities
MBA IMD/Lausanne
EMMANUEL WILDIERSHEAD PRODUCT R&D
Master in Electrotechnical
Engineering
CFA charterholder
Head Portfolio Construction
at KBC Asset Management
Senior Quantitative Equity
Analyst/ Portfolio Manager at Schroders, London
LAURENT SORBERCTO / CO-FOUNDER
Ph.D. in Mathematical
Engineering, Summa cum
Laude
Founder of B2C roboadvisory
Founder of AI & machine
learning consultancy
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BIG DATA MODELLING
CREDIT RISK ANALYTICS & POLICIES
AI & MACHINE LEARNING
ASSET MANAGEMENT
SOFTWARE ENGINEERING
FULL STACK DEVELOPMENT
BPO
PORTFOLIO MANAGEMENT
SERVICE / UX DESIGN
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JUST CLOSED A 2 MIO EUR SEED
07/2019
04/2018
700K own
money
Runway Phase 1:
12 months
Runway Phase 2:
24 months
1.3 million Seed money / VC
@ pre-money
valuation 2,7 million EUR
2 – 3 million
EURA Round
12/2018
5 YEAR REVENUE
TARGET:
€ 5.000.000 (REALISTIC
€ 10.000.000
(STRETCH)
Long term target: > 100
billion AUM via our
systems
05 06 07 08 09 10 11 … 05 06
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LEUVEN
LUXEMBOURG
WARSAW
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LEUVEN – WARSAW – LUXEMBOURG – FRANKURT -COPENHAGEN