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#MaybankFintech

Maybank together with 1337 Ventures invites startups across SEA to pitch their ideas that could potentially be piloted within a bank. Ideas will be scoped against challenges & opportunities within the banking and finance industry.

Areas of Innovation for the Financial Institution relates to :

Channel - Various distribution networks or specific market segments

Digital & Mobile - Providing seamless customer experiences across all digital channels

Payments - The payment spectrum, from customer touch points to back office operations

Operational Excellence - Continuous improvements to achieve operational excellence

Business & Operating Model - Operational model of financial institution

Responsible banking - Providing positive social impact

Sales Effectiveness - Innovations impacting the sales force for direct & indirect selling

Participants can start submitting their ideas anytime from now till the closing date (29 May 2015). Applications must be in the form of a 1 minute video pitch of your idea.

20 of the top FinTech ideas submitted startups will then be invited to attend the well-known Alpha Startups pre-accelerator programme which will have key partners from 1337 Ventures and Maybank to guide you in validating and refining the idea from Customer and Product Development and “Go-to Market” strategies.

Bootcamp & Demo Day will take place in Kuala Lumpur from 13 - 16 June 2015 (4 days)

A return flight ticket and accommodation will be provided for 2 team members from any SEA country to Kuala Lumpur for the 4 days duration.

Sign up by clicking on the link : http://www.maybankfintech.com/submit-video

#MaybankFintech

  1. 1. Why Fintech? setting the scene for Fintech What is it? the timeline and details Areas of innovation scope of innovation within the financial institution What do you get from it? the Maybank adoption #MAYBANKFINTECHwww.maybankfintech.com F.A.Q you asked, we answered © 2015, Malayan Banking Berhad (Company No 3813-K). All Rights Reserved.
  2. 2. WHY FINTECH? setting the scene for fintech © 2015, Malayan Banking Berhad (Company No 3813-K). All Rights Reserved.
  3. 3. Why Fintech? Disruptions Progress to the financial industry will come from you. By being with you, we hope to build a better banking future for everyone. YOU make the startup scene vibrant & dynamic. We want to be part of it to grow and support entrepreneurs. © 2015, Malayan Banking Berhad (Company No 3813-K). All Rights Reserved.
  4. 4. WHAT IS IT? #Maybankfintech 2015 © 2015, Malayan Banking Berhad (Company No 3813-K). All Rights Reserved.
  5. 5. 13th April Start of Ignite Maybank spreads the word personally over 4 countries 23rd April Start pitching Create a 1 minute video of yourself selling your idea TIP: don’t present a powerpoint 13th – 16th June Bootcamp & Demo day 3-day bootcamp & a 1-day demo day. Its over the weekend! 29th May Deadline for pitching Top 20 will be informed Ensure you have all your travel documents ready for Malaysia, if you are chosen Adoption journey starts for the selected few from the Top 20 timeline © 2015, Malayan Banking Berhad (Company No 3813-K). All Rights Reserved.
  6. 6. WHAT DO YOU GET FROM IT? the Maybank adoption5 potential adoption options for the top 20 startups © 2015, Malayan Banking Berhad (Company No 3813-K). All Rights Reserved.
  7. 7. TECHNICAL RESOURCES Access to our developers, testers and designers © 2015, Malayan Banking Berhad (Company No 3813-K). All Rights Reserved.
  8. 8. MARKET VALIDATION Potential access to our 22 million customers across the region or even our staff to validate the product Support & guidance for going to market © 2015, Malayan Banking Berhad (Company No 3813-K). All Rights Reserved.
  9. 9. ACCESS TO INDUSTRY EXPERTS Direct access to industry practitioners to provide mentorship & guidance on regulatory compliance © 2015, Malayan Banking Berhad (Company No 3813-K). All Rights Reserved.
  10. 10. CO-WORKING SPACE Provision of temporary work & collaboration space during adoption © 2015, Malayan Banking Berhad (Company No 3813-K). All Rights Reserved.
  11. 11. FUNDING Provide access to Maybank and non-Maybank investments © 2015, Malayan Banking Berhad (Company No 3813-K). All Rights Reserved.
  12. 12. AREAS OF INNOVATION scope of innovation within the financial institution These are areas in which the financial institution is expected to innovate on. It’s a high level guideline to understand the pain points and opportunities and its not meant to be exhaustive © 2015, Malayan Banking Berhad (Company No 3813-K). All Rights Reserved.
  13. 13. 1. CHANNELS i.e. branches, self service terminals, call centres, M2U Pain Points & Opportunities Making branches more relevant Consistency across channels Harnessing Crowdsourcing Examples Livewire. a social media platform for investors © 2015, Malayan Banking Berhad (Company No 3813-K). All Rights Reserved.
  14. 14. 2. DIGITAL & MOBILE i.e. mobile apps, online banking Pain Points & Opportunities Keeping apps relevant and engaging. Using API’s How about Internet of Things? Examples Pocketbook. a financial planning tool linking accounts, cards and even loans © 2015, Malayan Banking Berhad (Company No 3813-K). All Rights Reserved.
  15. 15. 3. PAYMENTS i.e. online bill payment, P2P, remittance, credit/debit cards or just cash! Pain Points & Opportunities Stiff competition from non-traditional players How do you un-seat the king of payments – cash? More than just fee-based income? Ease of use vs compliance (i.e. Anti Money Laundering) Examples Dwolla. a network for anyone to send, receive, request and accept money Paywave Micro Tag. debitcard with paywave Apple Pay. © 2015, Malayan Banking Berhad (Company No 3813-K). All Rights Reserved.
  16. 16. 4. SALES EFFECTIVENESS i.e. up-selling via call centres, relationship managers, agents Pain Points & Opportunities Acquiring & retaining customers Targeting the right products to the right people A more accurate segmentation of customers Leveraging big data for better sales Examples WeCash. credit profiling using online presence Remote Advisory Kiosks. customers can reach the experts remotely © 2015, Malayan Banking Berhad (Company No 3813-K). All Rights Reserved.
  17. 17. 5. RESPONSIBLE BANKING i.e. corporate responsibility initiatives, micro loans Pain Points & Opportunities Social entrepreneurship – sustainable social impact Banking for the unbanked Enabling banking for the differently-abled Examples Kiva. crowdfund lending to the poor Screen Readers. online banking for the blind M-Pesa. mobile phone money transfer and micro lending © 2015, Malayan Banking Berhad (Company No 3813-K). All Rights Reserved.
  18. 18. 6. BUSINESS & OPERATING MODEL It’s the way the institution operates its business Increasing digital presence? Leverage all businesses, all regions Pain Points & Opportunities © 2015, Malayan Banking Berhad (Company No 3813-K). All Rights Reserved.
  19. 19. 7. OPERATIONAL EXCELLENCE Its about how the institution operates internally Pain Points & Opportunities Employee engagement Intrapreneurship platform © 2015, Malayan Banking Berhad (Company No 3813-K). All Rights Reserved.
  20. 20. F.A.Q you asked, we answeredQuestions we got from everyone during the ignite sessions © 2015, Malayan Banking Berhad (Company No 3813-K). All Rights Reserved.
  21. 21. Can the idea be local only or must it be regional? It can be either. The idea has to be compelling enough even if its only within the country Which of the 7 areas of innovation interest Maybank the most? The areas are not sorted in any order but having said that, payments, digital & mobile & channels would be the hot areas Will Maybank own the IP of the idea? The adoption model has an investment component, Maybank will only take equity in your company if we invest in it Which stage of startups are you looking for? Early stage onwards. We are keeping this open to have more of you participate © 2015, Malayan Banking Berhad (Company No 3813-K). All Rights Reserved.
  22. 22. Is there a limit to the number of ideas I can submit? No. Submit as many you want but each idea should be a separate pitch video. What should be on the pitch? Record yourself, not a powerpoint presentation. Sell it to us and remember its not just about the idea – its why you are the best to execute it. Will I need to have an actual prototype by demo day? Not necessarily but it will certainly help a whole lot if you had one. How long is adoption? Adoption period will be customized based on the startup. It will be unique for each but can be 3 months or more where you may have to travel to KL occasionally. © 2015, Malayan Banking Berhad (Company No 3813-K). All Rights Reserved.
  23. 23. Bootcamp & Demo Day: What are the logistics? Flight tickets & accommodation (1 room) is provided for 2 people from 13th June till 16th June. This is only applicable for those outside KL and within South East Asia. PLEASE ensure you have valid travel documents ASAP if relevant. What will happen during Bootcamp? It’s a 3 day session where you will cover customer development, product development & go-to market to refine your ideas further before demo day. Bootcamp & Demo Day: How about meals? Meals will be on your own expense. Will there be a winner and prize money on demo day? #MaybankFintech is not a prize money competition. There will be no winners or prize money but rather all 20 will demo their ideas to VC’s and key stakeholders in Maybank for a chance to be adopted. © 2015, Malayan Banking Berhad (Company No 3813-K). All Rights Reserved.

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