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A car pulled by a horse: is it the future of finance?

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Presentation in May 2016 at Finnovasia Hong Kong. Fintech startups have focused on providing cheaper and better products ("Unbundling of finance"), but there are other very strong underlying trends impact the future of finance.

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A car pulled by a horse: is it the future of finance?

  1. 1. 1 Wecolme Message! The activities of a company associated with buying and selling a product or service that includes advertising,social media, selling products Marketingis based on thinking about the business in termsof customer needs and their satisfactionmarketing differs from selling because in the words of the best universityof the world. A car pulled by a horse Is it the future of finance? Huy NguyenTrieu @huynguyentrieu Credit: Justacarguy blog
  2. 2. 2 The rise of Fintech has been breathtaking @huynguyentrieu @Finnovasia – HK 30 May 2016 The Pulse of Fintech, KPMG, Mar 2016 Wired, March 2015 Peer Pressure, PWC, February 2015
  3. 3. 3 But we’re seeing cracks in the walls @huynguyentrieu @Finnovasia – HK 30 May 2016 The Telegraph, May 2016 Bloomberg, February 2016 Financial News, May 2016
  4. 4. 4 What is the future of finance ?
  5. 5. 5 We’re very bad at predicting major changes @huynguyentrieu @Finnovasia – HK 30 May 2016 70% 10% 98% 1996 2005 Nokia Motorola LG Sony Ericsson iOS Android Source: Gartner Group
  6. 6. 6 What is the future of finance? @huynguyentrieu @Finnovasia – HK 30 May 2016 Poll at Oxford Said Business School
  7. 7. 7 A very strong trend: unbundling of finance @huynguyentrieu @Finnovasia – HK 30 May 2016 BANK PAY INVEST BORROW AFFIRM EARNEST ZOPA KABBAGE PRODIGY MONDO NUMBER26 ATOM LOOT NEAT BETTERMENT ACORNS MOTIF SIGFIG NUTMEG VENMO KLARNA SQUARE IZETTLE PAYFRIENDZ
  8. 8. 8 Cheaper and better (We’ve seen it before…) @huynguyentrieu @Finnovasia – HK 30 May 2016 Pets.com Petsmart Petplanet Petstore Petopia Vitamins PlanetRX More.com Mother Nature Vitamin Shoppe Toysmart Toytime eToys KBKids Smarter kids Beauty.com Eve.com Beauty Jungle Gloss.com iBeauty Credit: Pixabay
  9. 9. 9 Cheaper and better : Good. Or Bad? @huynguyentrieu @Finnovasia – HK 30 May 2016 High Customer Acquisition Cost Margin Pressure Customer Inertia Challenging… But not Impossible!
  10. 10. 10 @huynguyentrieu @Finnovasia – HK 30 May 2016
  11. 11. 11 Incremental thinking is more natural @huynguyentrieu @Finnovasia – HK 30 May 2016
  12. 12. 12 Disruptive thinking is harder @huynguyentrieu @Finnovasia – HK 30 May 2016
  13. 13. 13 3 disruptive trends in Finance
  14. 14. 14 Invisible Finance
  15. 15. 15 @huynguyentrieu @Finnovasia – HK 30 May 2016 Do you need to see finance?
  16. 16. 16 Watch the White Space
  17. 17. 17 Increasing number of sectors are underserved @huynguyentrieu @Finnovasia – HK 30 May 2016 The Economist, August 2014
  18. 18. 18 36% 31% 31% 22% 22% 100% 113% 130% 94% 63% Indonesia Philippines Vietnam Cambodia Myanmar Bank Mobile Whole countries will leapfrog @huynguyentrieu @Finnovasia – HK 30 May 2016
  19. 19. 19 Data Monetization
  20. 20. 20 A new business model for finance? @huynguyentrieu @Finnovasia – HK 30 May 2016 Interest Income Fees 65% 0% 35% 0% 0% 100% Typical Bank Google Interest Income Fees Data
  21. 21. 21 What is the future of finance? @huynguyentrieu @Finnovasia – HK 30 May 2016 Poll at Oxford Said Business School
  22. 22. 22 Wecolme Message! The activities of a company associated with buying and selling a product or service that includes advertising,social media, selling products Marketingis based on thinking about the business in termsof customer needs and their satisfactionmarketing differs from selling because in the words of the best universityof the world. Disruption is never obvious. But it’s still coming.

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