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PaperJam Business Club 10×6 on Fintech:, a new pillar ? | © Kurt Salmon | 1
21 October 2015 | Jean Diederich, Partner Kurt Salmon | Tramsschapp
10×6 Fintech: a new pillar ?Understanding the Fintech POWER shifts
PaperJam Business Club 10×6 on Fintech:, a new pillar ? | © Kurt Salmon | 3
Update on global Fintech @ Innotribe /SIBOS in Singapore
Sources: SIBOS / Innotribe / Brett King
Fintech is changing finance ?
PaperJam Business Club 10×6 on Fintech:, a new pillar ? | © Kurt Salmon | 4
Fintech’s Platform Business replaces Traditional Banks
Source: Jean Diederich
Financial Services Customers
FintechPlatformBusiness
Platform start-ups allow Customersto create and consume value
1
PaperJam Business Club 10×6 on Fintech:, a new pillar ? | © Kurt Salmon | 5
Fintech’s Platform Business replaces traditional Banks
Source: Jean Diederich
Financial Services Customers
FintechPlatformBusiness
Platform owns the Customer
POWER
1
PaperJam Business Club 10×6 on Fintech:, a new pillar ? | © Kurt Salmon | 6
Fintech disrupt banks through Fintech Platforms
Source: Jean Diederich
Financial Services Customers
Banks
BankSuppliers
FintechPlatformBusiness
Banks and/orSuppliers
Banks create valueand sell it to Users
1
PaperJam Business Club 10×6 on Fintech:, a new pillar ? | © Kurt Salmon | 7
Fintech disrupt banks through Fintech Platforms
Source: Jean Diederich
Financial Services Customers
Banks
BankSuppliers
FintechPlatformBusiness
Banks and/orSuppliers
POWER
POWER
shift
POWER shift like in other industries e-payments, forex, funding, music, hotels….
1
PaperJam Business Club 10×6 on Fintech:, a new pillar ? | © Kurt Salmon | 8
Fintech innovation through APIs
Source: Jean Diederich
Financial Services Customers
BankSuppliers
Banks
BankSuppliers
Disintermediatorsand API Platforms
The PSD2 will force Banks to open up for APIs through “access-to-accounts”, creation of Bank APPs
Banks2
API
PaperJam Business Club 10×6 on Fintech:, a new pillar ? | © Kurt Salmon | 9
Fintech innovation through APIs
Source: Jean Diederich
Financial Services Customers
BankSuppliers
Banks
BankSuppliers
Disintermediatorsand API Platforms
FintechPlatformBusiness
POWER
Banks and/orSuppliers
POWER
BanksPOWER 12
API
API
PaperJam Business Club 10×6 on Fintech:, a new pillar ? | © Kurt Salmon | 10
Fintech and the Blockchain general ledger?
Source: Jean Diederich
Financial Services Customers (Geeks)
FinTechBlockchainPlatforms
(distributed)
Moving from a new form of virtualcurrencies to a distributed general ledger
3
PaperJam Business Club 10×6 on Fintech:, a new pillar ? | © Kurt Salmon | 11
Fintech and the Blockchain general ledger?
Source: Jean Diederich
Financial Services Customers (Geeks)
FinTechBlockchainPlatforms
Geeks own and run the businessthrough the internet
POWER
3
PaperJam Business Club 10×6 on Fintech:, a new pillar ? | © Kurt Salmon | 12
Understanding the different Fintech domains
Source: Jean Diederich
Financial Services Customers
BankSuppliers
Banks
BankSuppliers
Disintermediatorsand API Platforms
FinTechPlatformBusiness FinTech
BlockchainPlatforms
Banks and/orSuppliers
POWERPOWERPOWER
BanksPOWER 12 3
DISTRIBUTED
API
API
PaperJam Business Club 10×6 on Fintech:, a new pillar ? | © Kurt Salmon | 13
Fintech and Bankers thinking about using the Blockchain in B2B?
Source: Jean Diederich
Financial Services Customers
BankSuppliers
BankSuppliers
FinTechBlockchainPlatforms
For banks, attackis probably the bestform of defence!
Distributed trans-action settlementand clearing (B2B)
4 DISTRIBUTED
PaperJam Business Club 10×6 on Fintech:, a new pillar ? | © Kurt Salmon | 14
Fintech and the future Digital Banks on Blockchain?
Source: Jean Diederich
Financial Services Customers
FinTechBlockchainPlatforms
Digital Bankson Blockchain
Digital walletsSmart contractsSmart propertyDigital asset proof…Internet of Things
5
DISTRIBUTED
PaperJam Business Club 10×6 on Fintech:, a new pillar ? | © Kurt Salmon | 15
“It’s better to own the disruption than to be
eaten by it”Chris Skinner
Fintech cannibalisation of traditional Banks
Source: Chris Skinner
PaperJam Business Club 10×6 on Fintech:, a new pillar ? | © Kurt Salmon | 16
Kurt Salmon is a global management consulting firm dedicated to building the market leaders of tomorrow.More than just partnering with our clients, we ally with them, integrating ourselves seamlessly into their organisations in order to develop innovative, customised solutions for their 21st-century business issues.Succeeding in today’s increasingly complex, consumer-driven environment is an enormous challenge. But companies need to look beyond today; they need to position themselves for continued success in the even more uncertain future. That’s where Kurt Salmon comes in.We call it delivering “success for what’s next.” The results are transformative.
www.kurtsalmon.com
Jean DIEDERICHPartner EUA & Digital
T +352 26 37 74 1F +352 26 37 74 982M +352 661 322 [email protected]
