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Accelerating banking into the customer era
Elastibankwww.elastibank.com
Elastibank is a product of Lupax Pty Ltd
ACN: 651826336
linkedin.com/in/igorknezevic+61 434 260 032; [email protected]
linkedin.com/in/danbatten+61 413 476 720; [email protected] 2
linkedin.com/in/bobanvuckovic+971 52 612 19 88; [email protected]
Partner, CMO, BDMCo-Founder, CEO Co-Founder, CTO
Past
Designed, built, and owned by Banks.Enabled first electronic banking and help with the back-office automation.Monolithic, hard to maintain, impossible to change.Extreme risk, expensive and very long implementations.Waterfall or no delivery methodology. Expected lifetime of 20 to 40 years.
Build from the beginning
Present
Designed, integrated and owned by Banks.Components built & delivered by multiple vendors.Commoditised banking tech functions, ISO standards.High risk, expensive, long implementations impacted by changerequests and their side effects.Slow or impossible to innovate.Attempts to move legacy systems into the cloud.Introduction of Agile delivery with limited success.Introduction of FinTech.Expected lifetime is around 10 years.
Integration & Standardisation
Working through the evolution of Banking tech
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Innovative
Resealable assets
Close to customers
Fast to deliver
Single vertical
Limited funding
Banks are focused fixing legacy technology over customer need
Banks FinTech
The winner needs to be:
Large numberof customers
Financial capacity
Multiple verticals
Comfortablewith regulation
Legacy technology
Slow to deliver
Less innovation
Comprehensive
Flexible
Innovative
Safe, secure, alwaysavailable and fast.
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Slow to change
Billion USD
JPMorgan
Bank of Americ
a
Citibank
BNPPCBA
WBC
10
7.5
5
2.5
0
Annual technology budgets for selected large banks
Banks global annual spend on technology is in trillions USD, and rising
Return on investment
Banks spend 20 to 30% of their operating budget on technology. Banks get many things done for the money, however they are still losing the race with FinTech.
FinTech Deliver 20x more, 13x faster for 1000x less money.
FinTech drive banking trends.
40% of traditional Bank customers in the US already have an account with aFinTech.
FinTech observe 50% more logins into their apps.
The ROI depends on talent that is very hard to get.
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Banks want to spend less and deliver more. They need a better model.
Single architecture, single customer view Operational savings. Easy operations, compliance and no change requests. Fast and high quality customerservice.
No Code Operations - Configuration onlyGo to market savings. Configuration instead of customisation means no changes to the code are needed torelease a new product. No development, testing, deployment and production issues. "NoCode Ops" means ultra fast value generation, in the true Agile way, without thecompliance, security, availability and performance worries.
Enterprise As A Service on Cloud 2.xSoftware and infrastructure savings. Immediately available Enterprise level end to end banking solution - no professionalservices, no licenses, no implementation costs on the most modern technology.
Self-service bankingHappy customers - cost of sales savings. Let customers configure products that suit them best.
Product lead approach - touch and feel vs sale slidesProcurement savings. Only sign up for existing products - no more wasting money on long sales cycles andfailed implementation programs. Products continuously evolve, therefore no expectedlifespan.6
Banks must invest in customer experience, instead of building software
Achieving modern banking
Dynamic use cases
Elastibank is a revolutionary self-service banking platform empoweringBank clients to define their products
and conditions.
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Sandbox
Product-lead approach. Sandbox environment with fully
functional product is available for free. No upfront costs & risks.
Execute fast
Create new products in minutes, notmonths.
End to end
Elastibank is an enterprise-levelbanking SaaS end to end solution.
See appendix 1 for scope.
Reduce cost
Single Architecture. One customerinteraction platform.
Generate new value at FinTech cost withElastibank.
Worry free
Elastibank is secure, elastic, portable,scalable, fast, available, resilient,always up to date and continually
evolving.
Eridiumthe secret sauce
Elastibank proprietary technologyensures the best use of the cloud
technology for portability, scalability,elasticity and resiliency.
Use now
Elastibank is a "no-code ops" end toend solution available immediately.No development and integration. No
professional services.
The Elastibank solution fits a broad range offintech operations
Established banks with own tech01Replacing legacy, migrating into the cloud, offering new products. Example: a large bank migrating processing into the cloud.
Established banks with outsourced tech02Consolidating the tech into the cloud. Example: a smaller, local bank who has multiple providers/aggregators.
Neo banks with limited or no licence03Startup banks with limited or no banking license and no tech.Example: a startup working towards or under a limited banking license.
Neo banks with full license04Startup banks holding a banking license but no end to end tech.Example: a neo bank with very limited set of products to offer.
White label (agency) banks05Agency Bank customers are organisations with a large number of clients thatwant to use that potential to upsell financial services but can not or do notwant to be a bank.Example: a telecommunication company offering financial products to existingcustomers.
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Focusing only on the Neo Banks market segment - projections (USD)
SAM: $158 billionGlobal Neo Bank market
Australia
Japan
Hong Kong
Austria
France
Germany
Ireland
Italy UK US
250
200
150
100
50
0
242 Neo Banks in the world in 2021 (blue)651 projected number of Neo Banks in 2024 (violet)
Source: https://neobanks.app/ 9
TAM: $1.5 trillionGlobal digital banking market
SOM: $3 billionObtainable Neo Bank market
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Monthly subscription delivers a full solution.This includes: infrastructure, software, iOS, android, web UI, maintenance and support.
Banks holding a full banking license
Extra Large Bank
10 million accounts
Large Bank
1 million accounts
Medium Bank
100,000 accounts
Small Bank
10,000 accounts
Ltd License Bank
10.000 txn / mnth
Pre-License Bank
1000 txn / mnth
Banks working towardsa full banking license
Products that make a startup Bankbusiness case possible
2021 2022InfoSecDomestic paymentsRisk and complianceiOS App improvementsDebit and Credit CardsGL improvementsLiquidity improvementsDeposit accounts improvementsLoan accounts improvementsBusiness services cloud migration
Pre-license scope (retail):
Pre-license product launch
2023Risk and compliance (APRA req)Standing ordersSavings goals/trackingBulk channelInternational paymentsFX deals improvementsAndroid and web UITreasuryVisa DirectGoogle and Apple pay
Limited license scope (business):
Limited license product launch
2024QR codeDirect debitsLine of creditRequest to payDocument and task managementLoyalty pointsCryptocurrencyPrivate bankingMulti-bankingInternationalisation
Full license scope:
Full license PRODUCT LAUNCH11
Feb 2023Apr 2022 Dec 2023 Aug 2024
Product in pre-alphaSandboxAWSElasticity, resiliency, portability,scalability14 business servicesCredit cards - initial MarqetaintegrationKYC - initial FrankieOneintegration
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Ethnic and gender diversity bring quality. Life/Work balance create happy staff.Happy team deliver quality products.Our business depends on quality products and ahappy team.Empowering Neo Banks to serve the un-bankedsocial groups.
Social support
Paid days to do community service.Employee share program.
Giving back
Elastibank's elasticity saves up to 84% of energy,driving 88% less CO2 emissions. A large bank can save up to 8GWh of energy eachyear by using Elastibank.
Environmental impactESG cannot be done by one organisation.We will collaborate to share best practices.
Working together
We commit to transparently working with other companies and our customers to actively reduce the environmental impact. We commit to promoting diversity to improve the quality of life for our staff, customers, and their clients. We promise to pay our staff fairly,
provide training, support their growth, and respect their working hours.We will promote awareness of environmental and social issues and give back to accelerate their resolution.
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The founders have left their paid jobs and are onlyworking on Elastibank
Committed founders
Running business in Europe, expanding to the MiddleEast and Singapore. Contributing funding, time,experience, sales, and engineers to Elastibank.
Committed business partner
The founders have invested their own money and timeinto Elastibank
Own funding
Elastibank proprietary components designed, built,and tested
The secret sauce - Eridium
Reputable UK based investor committed to invest inElastibank
Committed follow-on investoriOS app and the sandbox environment available
Product in Pre-Alpha
The problemThe problem is real, global and getting bigger by the day.
01
The teamThe Elastibank team is credible with hands-on experience in the industry. Theteam is equally experienced with business development, banking technology,software development and team leadership.
02
The productThe product is available in our sandbox environment.Eridium - our secret sauce is ready.
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05 CustomersBanks and regulators accept the cloud technology and "As A Service" operatingmodel.
Why us?Why now?
03 The proposed modelThe proposed model is proven and very effective in other domains, just hasn'treached the banking sector yet. Elastibank is there to make the introduction.
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Elastibank15
Accelerating banking into the customer era
5Appendix 1
