a car pulled by a horse: is it the future of finance?

1

Wecolme Message!

The activities of a company associated with buying and selling a product or service that includes advertising, social media, selling products Marketing is based on thinking about the business in terms of customer needs and their satisfaction marketing

differs from selling because in the words of the best university of the world.

A car pulled by a horse

Is it the future of finance?Huy Nguyen Trieu@huynguyentrieu

Credit:Justacarguy blog

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The rise of Fintech has been breathtaking

@huynguyentrieu@Finnovasia– HK30May2016

ThePulseofFintech,KPMG,Mar2016

Wired,March2015

PeerPressure,PWC,February2015

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But we’re seeing cracks in the walls

@huynguyentrieu@Finnovasia– HK30May2016

TheTelegraph,May2016

Bloomberg,February2016

FinancialNews,May2016

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What is the future of finance

?

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We’re very bad at predicting major changes

@huynguyentrieu@Finnovasia– HK30May2016

70%

10%

98%

1996 2005

NokiaMotorola

LGSonyEricsson

iOSAndroid

Source:GartnerGroup

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What is the future of finance?

@huynguyentrieu@Finnovasia– HK30May2016

PollatOxfordSaidBusiness School

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A very strong trend: unbundling of finance

@huynguyentrieu@Finnovasia– HK30May2016

BANK

PAY

INVEST

BORROW

AFFIRM

EARNEST

ZOPA

KABBAGE

PRODIGY

MONDO

NUMBER26

ATOM

LOOT

NEAT

BETTERMENT

ACORNS

MOTIF

SIGFIG

NUTMEG

VENMO

KLARNA

SQUARE

IZETTLE

PAYFRIENDZ

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Cheaper and better (We’ve seen it before…)

@huynguyentrieu@Finnovasia– HK30May2016

Pets.com

Petsmart

Petplanet

Petstore

Petopia

Vitamins

PlanetRX

More.com

MotherNature

VitaminShoppe

Toysmart

Toytime

eToys

KBKids

Smarterkids

Beauty.com

Eve.com

BeautyJungle

Gloss.com

iBeautyCredit:Pixabay

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Cheaper and better : Good. Or Bad?

@huynguyentrieu@Finnovasia– HK30May2016

High Customer Acquisition Cost

Margin Pressure

CustomerInertia

Challenging…

But not Impossible!

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@huynguyentrieu@Finnovasia– HK30May2016

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Incremental thinking is more natural

@huynguyentrieu@Finnovasia– HK30May2016

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Disruptive thinking is harder

@huynguyentrieu@Finnovasia– HK30May2016

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3 disruptive trends inFinance

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InvisibleFinance

15

@huynguyentrieu@Finnovasia– HK30May2016

Do you need to see finance?

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Watch theWhite Space

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Increasing number of sectors are underserved

@huynguyentrieu@Finnovasia– HK30May2016

TheEconomist,August2014

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36% 31% 31%

22% 22%

100%113%

130%

94%

63%

Indonesia Philippines Vietnam Cambodia Myanmar

Bank

Mob

ile

Whole countries will leapfrog

@huynguyentrieu@Finnovasia– HK30May2016

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DataMonetization

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A new business model for finance?

@huynguyentrieu@Finnovasia– HK30May2016

InterestIncome

Fees

65%

0%

35%

0%0%

100%

Typical Bank Google

InterestIncome

Fees

Data

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What is the future of finance?

@huynguyentrieu@Finnovasia– HK30May2016

PollatOxfordSaidBusiness School

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Wecolme Message!

The activities of a company associated with buying and selling a product or service that includes advertising, social media, selling products Marketing is based on thinking about the business in terms of customer needs and their satisfaction marketing

differs from selling because in the words of the best university of the world.

Disruption is never obvious. But it’s still coming.