How Asia and the rest of the world are embracing the FinTech proliferation - a presentation by Joe Seunghyun Cho, Co-founder and Chairman of Marvelstone Group and Founding CEO of LATTICE80, delivered in partnership with Saxo Bank on 9 November, 2017 in Singapore.
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How Asia and the rest of the world are embracing the FinTech proliferation - By Joe Seunghyun Cho, Co-founder and Chairman of Marvelstone Group
1. How Asia and the rest of the
world are embracing the
FinTech proliferation
Joe Seunghyun Cho
Co-founder and Chairman, Marvelstone Group
2. Private and Confidential | All Rights Reserved 2017
Fintech in 2017 has turned global
financial markets upside down
In areas like:
1. Lending
2. Payments
3. Banking tech
...and Bitcoin
3. Private and Confidential | All Rights Reserved 2017
GLOBAL FINTECH FUNDING
Total deal value:
$8.2 billion for
Q317
across 274 deals
Source: KPMG The Pulse of
Fintech Q3 2017
5. Private and Confidential | All Rights Reserved 2017
Source: PwC State of Fintech 2017
GLOBAL FUNDING INVESTED IN FINTECH (2016-17)
Asia Pacific attracted
the largest amount of
investment with a total
of US$14.8bn
6. Private and Confidential | All Rights Reserved 2017
ASIA
Unbanked
~ 1.2 billion in
Asia
Underserved
SMEs
Retail
Fragmentation
of Markets
7. Private and Confidential | All Rights Reserved 2017
ASIA FINTECH INVESTMENT
• Fintech
investment in Asia
over $1 billion
• VC investment:
$1.06 billion
• Top markets:
China, Hong Kong,
India and Korea
Source: KPMG The Pulse of Fintech
Q3 2017
8. Private and Confidential | All Rights Reserved 2017
CHINA FINTECH
• 6 of Asia’s largest deals
in Q3’17
• Alibaba, Baidu,
Tencent continue to
dominate
• Leader in mobile
payments
• ICOs ban... but still
available through
private placements
• 88% of Asia’s fintech
funding
10. Private and Confidential | All Rights Reserved 2017
INDIA FINTECH
• Paytm, ItzCash,
MobiKwik major players
• Strong govt. support
• Boosting financial
inclusion
• Payments segment most
funded
• Banking & B2B seeing
strong growth
• Reduction in incoming
global investments
• Largest unbanked
population
• Demonetisation
boosting fintech
11. Private and Confidential | All Rights Reserved 2017
SOUTHEAST ASIA FINTECH
• Focus on enabling FIs, less
on disruption
• Deal sizes remains small
• Region seeing growth of
robo advisors
• Solutions for unbanked a
focus
• Regulators play important
role, MAS leading
• No dominant fintech
players, but local giants
like Grab adopting
payments
12. Private and Confidential | All Rights Reserved 2017
Even Bill Gates is interested...
In October, the Bill and
Melinda Gates Foundation
released new open-source
fintech software
For the unbanked that
utilizes technology
developed by blockchain
startup Ripple.
… Asia is a key focus
14. V I S I O N W H Y H O W
Through LATTICE80, a
wholly independent
fintech hub to connect
fintech startups to
investors, banks and
government.
The future of innovation
calls for collaboration and
partnerships between
financial institutions and
fintech players
To help foster
innovation and
accelerate the
development of
world-leading
fintech startups
LATTICE80 OVERVIEW
Private and Confidential | All Rights Reserved 2017
16. BUILDING A FINTECH COMMUNITY
Private and Confidential | All Rights Reserved 2017
● Entrepreneurs ourselves
● Participating in market
development
● Quick pace and learning
● Collaboration is key, but
competition is healthy
● Experience from travels
in Europe, MENA, New
York
● Moving beyond physical
space
17. Our 2018 key initiatives
01 02
03 04
Blockchain,
cyptoeconomics &
ICOs
Innovation
programmes
LATTICE80 expansion &
new models (i.e. venture
building)
Fintech database
Private and Confidential | All Rights Reserved 2017