Hyperlocal Banking Bringing Reliable and Trusted Banking to the Unbanked

• Tristan - software developer from the Philippines and have worked extensively on ecommerce platforms

• Kar Fei - coach and strategy advisor for Social Entrepreneurship programs

• Khai Yong - entrepreneur and business developer

• Cynthia - volunteers at Fugee School for Somali refugees and Pandawasa Academy for Afghan, Iranian, and other refugee kids in Malaysia

73%unbanked or underbanked in the Philippines

100m population, 2014 figures

http://www.philstar.com/cebu-business/2014/05/26/1327424/73-pinoys-are-unbanked

2.5 Billion unbanked or underbanked

This is a Global issue

Impediments

• Lack of access and transportation

• Inadequate network infrastructure

• Deficiency in knowledge and understanding

• Unstable income

• Poor credit history

Hyperlocal Banking

• It's not new

• Village banking and microfinance in Guatemala

• Lacks machine-readable trust assertions*

*Big thank you to Stephan Wissel for the term

Hyperlocal Banking

• Leverages the trust inherent in the social infrastructure

• Exposes people to the benefits of banking and financial systems

• Promotes trust and reliability by committing transactions into the blockchain

Potential Applications

• Payment plans and subscriptions

• Loans and mortgage collateral

• Salary and Payroll

• Cashless payment (currently implemented)

HUB

Tristan Cynthia

sends an sms asking to pay Cynthia

confirms transaction and transfers funds

transaction is settled

HUB

Technology• Blockstrap API

• Ruby

• HTML5

• Javascript

• Postgres

• SMS

• Currently works with doget for development efficiency, but can easily support others

• Android, iOS, Windows native apps are coming soon

bank: What's in it for me?

nubank: Intelligence and Analytics

Where does it make sense to establish a presence?

Supercharging the economy

Intelligence and Analytics

*Big thank you to Stephan Wissel for the cake idea

It's a Piece of Cake

I'd like to ask everyone a question:

What is Banking?

It all boils down to trust

• You trust your bank to hold and manage your funds

• You trust the money printed by the central bank

• You trust that virtual transactions happen just as if they happened with a physical exchange of goods

Banking is the biggesttrust-based system

the world has ever known

Trust. Reliability. Community. Banking. Blockchains.

These are all words that go together :)

Hyperlocal banking has the potentialto reach 2.5 billion lives