Slides from the webank session at NESTA on Jan 21st. Includes the slides from the presentations from Zopa, Kubera Money and Midpoint&Transfer

1. Wednesday January 21 st 2009 Presented by NESTA Connect & openbusiness twitter: #webank ob open business

2. Tonight is an expedition into peer-to-peer finance

3. What the role of innovation in a downturn?

4. This is a vibrant and emerging area

5. And an international one too… Table courtesy of Anthony Evans

6. Interest in alternative currencies is also note-worthy

7. Tonight we will enjoy both a showcase…

8. And a discussion & debate James Gardner, Bankervision Giles Andrews, MD Zopa UK Umair Haque, Havas Media Lab Christian Alhert, openbusiness

9. Why are we here at NESTA? NESTA Connect : experimental projects which look to break down traditional boundaries with ways of working NESTA Social Finance : developing the finance market for social enterprises NESTA Investments : venture capital funding for early stage start-up companies NESTA Policy & Research : influencing innovation policy across all sectors

10. And if you want to find them in the room: Sarah McGeehan Andrew Small Head of Social Finance Roland Harwood Director, NESTA Connect NESTA Investments Richard Braham Senior Policy Associate

11. But I’m more interested in you But I’m more interested in you flick r : Matthew Field

12. But I’m more interested in you Which organisations are in the room?

13. Dave Birch, Digital Money Forum Anthony Evans, startupexchange But I’m more interested in you We also have a wealth of P2P expertise Ryan Steele, Prodigy Finance David Morris, Bearing Point

14. So let’s get on with it ob open business

24. CAN PEOPLE REPLACE INSTITUTIONS? Rahul Verma, Co-founder

35. “ The Foreign Exchange Revolution” Todd Veri – CEO Midpoint & Transfer Ltd [email_address]

36. The Murky World of Foreign Exchange (pi·ra·nha also pi·ra·ña) noun “ Piranhas aren't the man-eaters folklore would suggest; you're much more likely just to lose a toe” (1) (1) http://www.practicalfishkeeping.co.uk/pfk/pages/item.php?news=1180

39. 1a) Alice in England Places Euro Order Midpoint & Transfer 1b) Bob in Ireland Places Pound Order 2) Orders Matched, Notifications and Instructions are Sent 3) Using Online Banking, Users Remit Funds (including Fees) 4) Funds Verified and Transferred to Payees’ Accounts (1-3 days) Segregated Trust Accounts Wine Supplier in France Car parts Manufacturer in Scotland Midpoint Process- Step by Step

40. Hidden Cost of Spread International Transfer Fee Receiving Fee Midpoint Flat Fee Savings £173 £124 £373 Savings £296 £10,000 Transfer £60,000 Transfer With a £30 Flat Fee - The average importer would save over £30,000 a year by using Midpoint & Transfer (1) Documented In-house Research June 2007

41. With Midpoint – Money Arrives in One Piece “ Given a Scarcity of Food – Piranhas will turn on each other” (1) (1) http://www.practicalfishkeeping.co.uk/pfk/pages/item.php?news=1180

42. Coming soon to – www. midpoint.com

44. And a discussion & debate James Gardner, Bankervision Giles Andrews, MD Zopa UK Umair Haque, Havas Media Lab Christian Alhert, openbusiness

45. keep an eye on www.webank.org.uk blogs.nesta.org.uk/connect | openbusiness.com ob open business