from “toothbrushes” to ecosystem: we will see fintech-bank soon
TRANSCRIPT
2012 2013 2014 2015 2016 2017 2018
«Toothbrush» era Ecosystem creation
You perform just one function,
but better than anyone,
and when you are irreplaceable
and used every day.
Services are starting to partner
and merge with each other in
some way.
The casual customer wants to get a comfortable ecosystem of services with seamless integration allowing him/her
to easily use data from one service inside the other and enjoy the benefits from their joint use.
2015
Fintech-entrepreneurs started
to work together against the large banks
If we were to decompose a bank, there would be a fintech company
that can substitute each service the bank provides.
If there is a fintech company for each service a bank provides,
do we really need banks?
Cheap&fast customer
acquisition,
but low margin
High margin,
but expensive CPA
Cheap&fast customer
acquisition
High margin
Better tailoring
to customers needs
More data = lower credit risks
Fintech-startups started to makepartnerships
Online-trading Online-remittances
Online-bank mPOS
mPOS e-wallets
Online-lending Online bank
Online-lendingOnline bank
Mobile bank Online-remittances
The largest fintech-companies started diversification of their product line
Tablet-based cash-registers
POS-management systems
Online-acquiring
SME-loans
p2p-remittances
PFM (personal financial management)
Online-trading
Open APIs economy
External developers can extend platform functionality using APIs
Business model of
banks and insurance
companies do not
suppose cooperation
with new wave of tech
companies.
63 insanely useful APIs
across 12 segments
The BaaS structure
allows users to create
and consume value.
In the near future would
be possible to
build their own bank
through apps, APIs
and analytics.
From SaaS to BaaS bank-as-service
It’s basically cheaper and better paying for applications
as you use them, rather than buying them.
BaaS as back-end platform to host, launch and scale any fintech-startups.
Others need platform to expand.
fintech-startups have successfully managed to expand globally.
Only
25
scaling to other marketsBaaS
Neo - and challenger banks as FRONT-END of aggregation movement
Accounting
SME-lending&factoring
Online-acquiring
Insurtech
Online-trading
Online-remittances
PFM&PFP
e-wallets
P2P-lending
Online-lending
Online-lending for students
P2B-lending
Soon:
World map of BaaS & neobanks
Anna
Based on Life.SREDA’s partnership and connections with
all players on the market and analysis of their strategic movements,
we predict the big changes that will happen in the industry in 2016.
NEXT STEP FINTECH-BANK
Philippe Gelis, CEO at KANTOX:
”The second wave of fintech,
to come in two to five years’
time, will be «marketplace
banking» (or «fintech banks»).
A core banking platform built from scratch;
An API layer to connect to third parties;
A compliance/KYC infrastructure and processes;
A banking license, to be independent from other
banks and the ability to hold client funds without
restrictions;
A customer base/CRM, meaning that the fintech
bank will have the customers, and a customer
support team.
1
2
3
4
5
NEXT STEP FINTECH-BANK
Fintech-bank as a unique bundle
of independent fintech-startups
ecosystem
unique user experience
Fintech startups
ecosystem
Front-end
banking back-end
Licensed
and regulated
for end-users
based on neobanks
Middleware
to host&scale
fintech services
What FINTECH-BANK is?
Bank-as-servicebased on open APIs
for Retail for SMEs
Telecom Retail Internet
giants
BACK-END
Product-line of FINTECH-BANK
Front-end
based on neobank
for retail
Middlewarebased on open
APIs
Front-end
based on neobank
for SMEs
1
2
Neobanks
On
line-a
cqu
irin
g
e-w
alle
ts
P2P
-len
din
g
On
line-l
en
din
g
On
line-l
en
din
g f
or
stu
den
ts
P2B
-len
din
g
SM
E-l
en
din
g&
fact
ori
ng
Cro
wn
dfu
nd
ing
&cr
ow
nd
inve
stin
g
On
line-t
rad
ing
On
line-r
em
itta
nce
s
PFM
&P
FP
Acc
ou
nti
ng
Insu
rtech
PO
S-m
anag
men
t sy
stem
&
tab
let
bas
ed
cas
h-r
eg
iste
rs
mP
OS-a
cqu
irin
g
Where it will happen?
Life.SREDA VC
Blk 79, Ayer Rajah Crescent #05-08
Singapore 139955
e- mail: [email protected]
www.lifesreda.com
To know more about fintech:
www.fintechranking.com
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