Evoluce 2, 2015 Nehomogenita. Získávání poznatků: Přímé pozorování či měření Proxy palimpsest.
Twisto - FINTECH (R)evoluce conf. 2017 · Source: World FinTech Report 2017 FinTech +50%...
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Transcript of Twisto - FINTECH (R)evoluce conf. 2017 · Source: World FinTech Report 2017 FinTech +50%...
Why should you care?
Source: World FinTech Report 2017
FinTech +50%non-traditional financial firms
Customers expect morewant it now!1Dynamics have changed87% go online first2
IT legacy12 month release cycles3Compliance and regulationhinders agility and risk taking 4
9 000European branches
closed last year
Banks
FinTech 2 Bank
Access new customerssmartphone first, young, affluent & savvy
Alternative distributiononline & mobile
Agile & Customer centricbetter customer experience/UX
Ownership & dedicationentrepreneurial spirit, key to innovation & quality
Bank 2 FinTech
$ $$
Patient “strategic” capitalVCs short investment horizon
Working capital financingespecially for lending companies
Access to mass markettrust is key to scaling
Expansionsupport, infrastructure & market know-how
Series A investment
130 mn CZK
International banks are already IN
60 partnerships and 12 investments
financed $1bn (30%) of Lending Club’s portfolio
invested $200mnin Atom Bank
N26, Revolut, Twisto… and many others
invested $200mnin Klarna
We are IN
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The investment landscape is changing
… banks replacing VCs
Germany
… leading partnerships in Continental EU Looks like a very good coverage …
Looks like a very good coverage …
Are Czech banks missing the train?
Conservative … captive to international mothers
Mindset …“we can do it better” in-house
KPIs … reward schemes focus on core banking, not innovation
Young FinTechs … 5-10 years behind the US, UK, China
Legal framework … not actively promoting innovation
YES
400+ factors analysed pre transaction
Response under 1 second
Machine Learning … Neural Networks
Offering credit scoring engine
NIKITA
Czech vision 2020+
FinTech at core of Bank’s product innovation
82% expect to increase FinTech partnerships in the next three to five years
PWC Global FinTech Report (2017)
…. so why not start right now?
Source: https://www.finextra.com/finextra-downloads/newsdocs/pwc%20global%20fintech%20report.pdf
Staying competitive with FinTech…
Top Czech banks
FinTech
Challengerbanks
Get in touch with them!
Michal Smida [email protected]
or Czech FinTech Association, more at czechfintech.cz Maria Staszkiewicz [email protected]
40+ FinTech's in CZ
