3. Twikey is a Mandate Service Provider (MSP)
With Twikey it is possible to
Initiate online legal Sepa Direct Debit mandates
Manage the mandates
Automate the full Sepa Direct Debit flow on own accounts
5. Subscriptions
Sepa Direct Debits used in
Additional
amounts
Long time rental
Automatic
engine
(in a wallet)
Personal loans
Repayment plans
One-off
payment
6.
7. Re-inventing Sepa Direct Debits
Omnichannel usage
Optimized user experience
Simple configuration per channel
Conversion rate of 99%
API availability
- Corine van Drunen - MyOrder
“Door de innovatieve oplossing van Twikey zijn wij in staat
om direct nieuwe klanten te onboarden in onze app.”
9. Paper Direct Debits
Handling cost
between 6 & 15€/doc
Between 900 & 2,1
M€ /year
Traditional electronic
payment instruments
350k€ / year
Electronic Direct
debits
Between 150k€ &
200k€ / year
Result of joined efforts Banks & Twikey
Case with 200000 new recurrent subscriptions
11. Difficult for a bank to compete with a specialist…
Bank 1 (BE) Bank 2 (BE) Bank 3 (BE) Bank 4 (BE) Bank 5-X Banks (NL) Twikey
Functional offer Sepa Direct Debits of Belgium & Dutch Banks
12. Banks: positioning of new entrants…
Enablers :
help the
banks
Challenger of
the bank
13. What are banks doing in the Fintech scene?
First steps toget in touch
withthe startup ecosystem
Start up program
Partnering up withspecific
startups, for instanceby
means of jointventures,to
accelerate innovationfor
bothparties
Partnering with
startups
Fundingfor startups in
orderto accelerate
innovationand enhance
cooperation
Venture funding
Acquisitionofan
innovative startup
Acquiring
Theadditionof an own
innovative subsidiary
Launch own
subsidiary