fintechisrael inaugural 9.16.09

8/14/2019 FinTechIsrael Inaugural 9.16.09

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Inaugura EventSeptember 16 th , 2009


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Our

Sponsors


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Formal Agenda

Introduction to

Presentations from


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Investors

Entrepreneurs

Industr Professionals

Alumni

Whos Here


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,

,

and Investors to foster innovation in the world of financial services

Our Focus


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The Motivation: Main Street Modernization


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The Motivation: Wall Street Modernization


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The Motivation: Reconfiguration of Wall StreetPROPERTY OF THE US GOVERNMENT


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The Motivation: Israels History in FinTech


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The Motivation: Recently Funded Startups


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Defining the Space


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Our Team


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Our Plan

Speakers. Startups. Networking. Every 8 Weeks.

Website. Blog. Twitter. Facebook & LinkedIn Groups.

Affiliations with NetBanker. BarCampBank. MIT Forum.


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Join Us. Help Us. Support Us.


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About our Keynote


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Risk

Innovation andr s are " o ne at

the hipZero risk. Zero

innovation.

Innovation


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Payment Systems

Regulation

PaymentSystems

Innovation


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I hink h ll r inn v i n r il n rejections

Louis-Ferdinand Celine

18


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Payment Systems

While innovationgenerally leads to a

needThere is very little doubtthat insufficientregulation led to rampant

or new regu a ons ...

Regulation can be a

innovation of riskyfinancialproducts that resulted in

cause of innovation

financial crisis


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Mobile Payments


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Mobile Banking Mobile Commerce


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Mobile Payments


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Mobile Payments


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Mobile Payments


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Mobile Payments


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Currently We are headed to

Banks

Retailers,Merchants,

Publictransport

companies

MNOs

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Customer


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Mobile Payments


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Mobile Payments


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Mobile Payments


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What is M-PESA ?What is M-PESA ?

Money transfer by SMS Fast, Safe, and Easy to use Available to anyone

no need for a bank account no joining fee

no minimum balance

08/05/07 WBZ

Pay As You Go charging model


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M-PESA


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Regulation

CBK has placed the maximum limit of KES 50,000 (EUR 489) per MPesa account per day and a transaction limit of KES 35,000 (EUR 343) per day in order to mitigate against settlement risk.

Also, the bank has proposed and formulated the enactment of the National Payment System Bill that will strengthen

its mandate as an oversight body over all payment systems including money transfer .


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Mobile Payments


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Mobile Payments

http://rbidocs.rbi.org.in/rdocs/PressRelease/PDFs/87064.pdf


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Payment Method Landscape = Jungle


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Alternative Payment Systems


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PayPals history

2000

. .

2002


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How PayPal Works

Funding source DestinationBuyer Seller

Debit card

Credit card c c o u n

t

c c o u n

t

ew se er

P a y

P a

l

PayPal P a y

P a

l

PayPal Bank Account

a ance

A roved Countries Approved Countries

l l d


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PayPals value proposition extends

41


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PayPal Growth


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Innovative Products

Mobile

Pa ment bad eTeam lunch fund

Contribute to tacoTuesdays!

Pay Later

Skype Send $

-

Confidential and Proprietary43

N thi g t L ( Ri k T l i


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Nothing to Lose (or Risk Tolerance is a

m i iv W n

Different risk tolerance level for legal riskDifferent risk tolerance level for legal risk

when PayPal first launched, it was pretty clear that their product violated theoperating rules for Visa, Mastercard and American Express -- and violated

banking regulations is more than 40 different states

Different risk tolerance level for financial riskDifferent risk tolerance level for financial riskPayPal spent over $15M in marketing fees in 2000 and lost over $169 Million

http://redeye.firstround.com/2009/03/nothing-to-lose-or-risk-tolerance-is-a-competitive-weapon.html

a year.


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Regulation


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h d ld


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The Pre Paid World


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Global Pa outs Via Pre Paid Cards


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How SEPA will change the payment market?


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Tesco

Source: Finextra.com, July 2008.


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Regulation and Innovation are intricately Linked

The links between regulationand innovation are Non bank paymentoperators complexity.

They are ambiguous because

start with a lower cost basesince they do not have tocomply with costly bankingre ulation im osed b theregu a on can ave o a

positive and negative impacton innovation outcomes and

olic ob ectives.

financial regulator.

So both sides of the equation need to change


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Q&A


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Q&A


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8 minute Company Presentations


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September 2009

AcCells Confidential and Proprietary


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Unbanked Casevideo

AcCells Confidential and Proprietary www.accells.com


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Mobile Payments 1.0 cant reach its full potential


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Mobile Payments 1.0 is based on two technologies which are limiting factors

NFC

Requires an upgraded mobile handset

SMS

Slow overall process

Aimed exclusively for markets in developed nations

Expensive (High

rollout

Prone to errors andmisidentifications

Lack of ro er securitCAPEX)Lack of proper security

Requires new overall

Complexity

Cost of direct transactioninfrastructure

Significant distance from reaching mass commercial mar et


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Mobile IDentification Device

Authentication & Authorization Server(off the shelf infrastructure)


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. Delivers the Solution

AcCells

Simple Identification

er ormance unc ons

AuthenticationFast

Secure Authorization

Accurate Trigger Application

Low cost R4P2

Th P t ti l M bil P t M k t


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The Potential Mobile Pa ments Market ($B)

500 500

600

390 400

182 200

300

39 85 100

2008 2009 2010 2011 2012 2013

Source: Juniper Research, Feb 2009

Meet AcCells


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Established in 2008CEO, Eduardo Shoval : serial entrepreneur for 20 years;

founded and headed 6 hi h tech com anies with total business creation of hundreds of millions of dollars

SiricaBigBandLaserCommAccordVconOptibase

CTO , Dror Fixler, PhD : an expert in cellular networks, monitoring and intrusive systems; consultant for various telecom manufacturers and operators

President , Eric Georgatos , with 15 years experience as BarIlan U.MoniTelEcTel

,

roles in

successful

high

tech

startups

DLA Piper CIENA LaserComm Sirica

Key innovator : Avis Weiner , seria inventor wit over 100 patents; over 9 years in the mobile payment field


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Thank you

AcCells Confidential and Proprietary www.accells.com


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Financial ServicesREvolution

"Bankers must apply lessons from Apple revolutionizingservice and delivery through integrated, personal technologyJavelin, June 2009

By 2013, non-bank payment institutions will supplant banks for

online social networks. Gartner 2009 Customer control of the payment tool will be the saving gracefor banks. Javelin 2009

Banks must reach out to Gen Y consumers. American Banker, 2009

U.S. noncash P2P : checks amountin > 1 trillion. TowerGroup, 2009

2007-2009 SeerGate Ltd. All Rights Reserved. Proprietary and Confidential. Do no copy or distribute without written permission.Slide 69


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The Solution


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The Secured Lock e-Debit System enables P2P Bank Payments over Any Network

Tokenized e-Payment Solution.Pull Payment: e-Invoice Presentment, P2P Payments

- .Real Identities: Payor & Payee are verified by their respective banks.Real-Time On-us Authorization and Settlement.Authorization only on Good Funds.

-

ensures that Current and FuturePayment Services remain Bank products .


Past & Current, time to Market


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Credit Facebook Cards 60

years

1920 1940 1960 1980 2000

Television

90 yearsInternet

Susan

Bo le 4years weeks

e r g so u on a ress ng a rea nee or aspecific audience will spread in no time


Contact Information


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CEOeer a e nc. eer a e .

400 Galleria Pkwy, Suite 1500 11 Hayetzira StreetAtlanta, GA 30339, USA Raanana, 43663 IsraelPhone: (678) 385.6840 Phone: +972 (9) 742.3595

ax: . ax: + .

Please visit www.seergate.com formore information


Trivnet Proprietary


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This document may be used in its complete form only and is solely for the use of Trivnet employees and authorized Trivnet channels or customers. Thematerial herein is proprietary to Trivnet Ltd., any unauthorized reproduction of any part thereof is strictly prohibited. The contents of this document arebelieved to be accurate at the time of distribution. Trivnet reserves the right to alter this information at any time without notice. The primary distributionmedia of this document is soft copy. It can be printed on a black and white laser printer using A4 size sheets.

Powering GlobalRemittance &

Commerce Networks

Making MoneyMobile

Amit MattatiaPresident & CEO

Trivnet

WHAT DO YOU CARRY WITH YOU


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Confidential Trivnet Proprietary

WHEN YOU GO OUT?


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WHAT DO 85% OF THE PEOPLE CARRY


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WITH THEM WHEN THEY GO OUT?

85% of population unbanked like the 10 th largest GDP

Mobile phone penetration: 40% + and still growing fast


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Mobile wallets 2012: 25% of 1.4 billion mobile phone users

818 million mobilebanking users at 2011

M-commerce M-payments

M-banking

$500 million in personto person transfers- potential of being

mobile?

$300 million in

commerce transactionsin 2012

The Mobile Remittance Advantage

Traditional Remittance Mobile Remittance

Mobile remittance is easier, faster, cheaper and safer than traditional remittance


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Mobile remittance further expands the remittance market by making mobile remittance an attractive optionto those who have never considered traditional remittance

Access via branch to cash in /out:must queue, must cash out.

High remitted value, lowfrequency.

High fees.

Sender must notify recipient.

Single recipient.

Sender has no control on use of funds at the receiving end.

Access anywhere anytime viaphone, no need to cash out.

Any remitted value, highfrequency.

Lower fees.

Phone notification upon transfer.

Multiple recipients.

Sender can remotely pay bills andtop up recipient phones.

Expand into new service areas Gain traffic, share revenues Maximize distribution network Increase loyalty

The Mobile Money Eco System Interact anywhere, anytime No need to carry cash Instant remittance at low costs Convenience, security


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Trivnet connectsthe major players

in the mobile

ecosystem andcreates truem-wallet

functionality

MobileOperators

TrivnetPlatform

Merchants& Retailers

Banks &FIs

EndUsers

Benefit from mobile POS Enter financial services Gain customer information Increase loyalty and

customer base

FX gains, retain cash (float) Facilitate settlements Increase customer base Launch new services

Barriers

Regulations changing positively over time


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Confidential Trivnet Proprietary Trivnet Proprietary

User adoption greater in emerging markets (prepaid habits)

Telecom operators taking initiative and investing

The need to put together an eco system incl. banking partner

It seems easy to implement, but you really need a top notch

system and multi-disciplinary expertise to get it right

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About Trivnet

Leading provider of mobile financial service solutions to operators


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Enabling mobile payments & remittance, commerce and banking

Robust, secure and scalable carrier grade platform

Serving both developed and developing markets

Deployments in Europe, Asia, Latin America, Middle East

Feature rich ecosystems built with our technology and expertise

Strategic telecom and banking partnerships

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Trivnet will Share the Value of Leading MFS Eco Systems Around the World


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T H A N K

Y O U


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fintechisrael inaugural 9.16.09

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