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The Impact of FinTech on European Banks

Presentation to the Cass business school as part of their #unbundlingbanks discussion, looking at the impact of opening APIs (XS2A) and the potential for FinTech startups to work with banks.

The Impact of FinTech on European Banks

  1. 1. www.chyp.comCass Business School: Unbundling the Bank (April 2015) 1 10/04/2015 The Impact of FinTech Startups On European Banking April 2015
  2. 2. www.chyp.comCass Business School: Unbundling the Bank (April 2015) David G.W. Birch Director of Innovation at Consult Hyperion, the secure electronic transactions consultancy; An internationally-recognised thought leader in digital identity and digital money; Named in Wired magazine’s global top 15 favourite sources of business information; Rated one of the NextBank “Fintech Titans”; Voted one of the European “Power 50” people in digital financial services; Ranked Europe’s most influential commentator on emerging payments. 2
  3. 3. www.chyp.comCass Business School: Unbundling the Bank (April 2015) Consult Hyperion 3
  4. 4. www.chyp.comCass Business School: Unbundling the Bank (April 2015) Technology Innovation in Banking As the author of Neuromancer William Gibson says, the future is already here, just unevenly distributed… 4 Version 1, 10-Apr-15
  5. 5. www.chyp.comCass Business School: Unbundling the Bank (April 2015) European Bank Revenues 2014 Let’s start with the basics: where does the money come from now? 5 Version 1, 4/10/2015 Source: Deutsche Bank (3/15)
  6. 6. www.chyp.comCass Business School: Unbundling the Bank (April 2015) Threats to Bank Revenues Technology means unbundling. The FinTech assault on all services, but which attackers matter? 6 Version 1, 4/10/2015 Source: CB Insights (2/15)
  7. 7. www.chyp.comCass Business School: Unbundling the Bank (April 2015) What is at Risk? From current financial services perspective, it is net interest income at risk from FinTech 7 Version 1, 4/10/2015 Source: Goldman Sachs (3/15)
  8. 8. www.chyp.comCass Business School: Unbundling the Bank (April 2015) Risks may be Greater Do we need universal banks? (FT, 3/15). Do we need banks at all (FW, 1/15). 8 Version 1, 4/10/2015 Source: Goldman Sachs (3/15)
  9. 9. www.chyp.comCass Business School: Unbundling the Bank (April 2015) Banking as a Platform But we are moving into a new era, where non-bank FinTech can have wider impact 9 Version 1, 10-Apr-15 Hhhmm… thinks… non-regulated and non-payments APIs? Identity!
  10. 10. www.chyp.comCass Business School: Unbundling the Bank (April 2015) A Window? Fidor Bank The Fidor bank “operating system” 10 Version 1, 4/10/2015
  11. 11. www.chyp.comCass Business School: Unbundling the Bank (April 2015) Case Study: UK retail A2A Zapp Mobile-initiated A2A via FPS to be launched in the UK 2014 11 Version 1, 4/10/2015
  12. 12. www.chyp.comCass Business School: Unbundling the Bank (April 2015) Case Study: MyBank Six countries 12 Version 1, 4/10/2015
  13. 13. www.chyp.comCass Business School: Unbundling the Bank (April 2015) Impact? “Amazonisation” Banks will need to focus on the areas that offer opportunities for sustained advantage 13 Version 1, 4/10/2015
  14. 14. www.chyp.comCass Business School: Unbundling the Bank (April 2015) The Destination? retail banking will be a line or two of code in a big network John Reed when CEO of Citicorp 14 Version 1, 10-Apr-15
  15. 15. www.chyp.comCass Business School: Unbundling the Bank (April 2015) Contact 15 Browse www.chyp.com Follow @chyppings Mail info@chyp.com Comment http://www.chyp.com/media/blog/ Listen http://www.chyp.com/media/podcasts/ Consult Hyperion UK Tweed House, 12 The Mount Guildford, Surrey GU24HN, UK. +44 1483 301793 Consult Hyperion USA 535 Madison Avenue, 19th Floor New York, NY 10022, USA. +1 888 835 6124

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