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Latest developments
Nick Baker
Fin Tech Start UpsGlobal Investment
20142015$6.7BN
$13.8BN
Blockchain & Bitcoin$474M
Latest DevelopmentsOverview
FINTECH Investment
Source: Accenture report 2015
2008$930M
Latest DevelopmentsOverview
FINTECH
Disruption
Latest DevelopmentsOverview
The 4th revolution is on its way
Transformation Disruption
Fintech Insurtech
BAU
Latest DevelopmentsOverview
Evolution
Digital BAU
Banking
Protection Investments
InsuranceOnline banking
Mobile banking
Data aggregation
Buy online
Price comparison
Adviser portals
Buy online
Price comparison
Broker portals
D2C investments
Online share dealing
Platforms
Latest DevelopmentsOverview
Digital Transformation
Banking
ProtectionInvestments
Insurance
Digitisation of processes
Straight through processing
Aggregated underwriting
Buy onlineClaimsSelf service
Telematics
Social investment
Platform – Adviser back office integration
Real time credit scoring
Online mortgage processing
Single customer views
Account aggregation
In branch remote interviews
Latest DevelopmentsOverview
Digitisation of processes
Latest DevelopmentsOverview
Fintech - digital disruption
Crowd funding
Virtual currenciesBig data insights
Wealth ManagementInvestment dashboardRobo –adviceSuper platformRemote advice
Digital Disruption FINTECH
Peer to peerlending
Crowd fundingDigital wallets Virtual currenciesPeer to peerpayments
Mobile POS
Dynamic credit riskpricing
Latest DevelopmentsOverview
PersonalFinance
Digital Disruption BLOCKCHAINLatest DevelopmentsOverview
beforeafter
Intermediary such as bank verifies transaction
Validation by consensus
New Blockchain Applications
‘Osborne’s’ Pensions Dashboard
Aggregation of all Policies
Customers own their data [not Facebook]
ID and Fraud Prevention
Investment Transactions
Digital Disruption - Banking
The rise of digital and how UK banks have responded
Unbundling and rebundling
Latest DevelopmentsOverview
Banking
Digital DisruptionLatest DevelopmentsOverview
Insurtech – digital disruptionLatest DevelopmentsOverview
SimplificationNew distribution modelsContinuous engagement appsP2P Insurance
Connected homes
Big data
InternationalLatest DevelopmentsOverview
Africa 400m smart phone users– value exchange via mobile 25% have mobile wallet – Kenya 58% have mobile wallet
Turkey, India, Poland, SpainAll using latest tech…not aware of legacy issues
Google activityLatest DevelopmentsOverview
FacebookLatest DevelopmentsOverview
Looking forwardLatest DevelopmentsOverview
Fintech top 50London under pressure – lose Fintech crown?
More tech leadership in the boardroom
More innovation
