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KEO Kennislunch FinTech
Amsterdam, October 11th, 2016
Harrie Vollaard, Head of FinTech & InnovationHarrie Vollaard, Head of FinTech & Innovation
Platform Innovation in Marketing
Over Corporates en startups; het ideale huwelijk?
Shoot for the moon, even if you
miss you will land among stars.
Harrie Vollaard, Head of FinTech & Innovation
Platform Innovation in Marketing
Over Corporates en startups; het ideale huwelijk?
Amsterdam, October 11th, 2016
3Amsterdam, October 11th, 2016
twitter.com/harrievo
harrie.vollaard@rabobank.nl
Corporate Incubator
Harrie Vollaard
4
Disruption is business model innovation1.
How to manage disruption?2.
MyOrder as major example3.
The satellite strategy of the Rabobank4.
5
Amsterdam, October 11th, 2016
Disruption is business model innovation
How to manage disruption?
MyOrder as major example
The satellite strategy of the Rabobank
1.
2.
3.
4.
6
Amsterdam, October 11th, 2016
Digital transformation; the challenges
When new technologies cause great firms to fail
Up to 30% revenues under
pressure by digital disruption.
7
Amsterdam, October 11th, 2016
FinTech is gaining increasing traction in the venture capital market
FinTech industry is growing rapidly:
> 12.000 FinTech startups globally
> USD 20 bn finance activity 2015
10Amsterdam, October 11th, 2016
Business model under pressure
9
Business model under pressure
Legacy
at question
Margins
go down
Trust
decreases
Amsterdam, October 11th, 2016
Vienna, March 8th, 2016
And
More…
Stored
Value
Accounts
Blockchain
Technology
Personal
Finance
Management
Digital
Banks
P2P
Transactions
Wealth
Management
E&M
Commerce
P2P
Lending
Showing emerging business models/technology
and new sources of revenue
13
Amsterdam, October 11th, 2016
CB insights
$5,000,000
$500,000 $50,000 $5,000
Cost to Launch a Tech Startup
2000 2005 2009 2011
Open Source
And Horizontal Scaling
Cloud and AWS
11Amsterdam, October 11th, 2016
15 yrs
75 yrs
1937 2012
75% of the
S&P 500 will
be replaced
by 2027
12
Amsterdam, October 11th, 2016
Engage in enough
exploitation
to ensure current
viability.
Engage in enough
exploration
to ensure failure
viability.
NewExisting
InventImprove
SearchExecution 13
Search for opportunities is a mindset
Amsterdam, October 11th, 2016
“In the future, BBVA will be a
software company”
Francisco Gonzalez, CEO BBVA
Leading banks recognize the impact
15
Amsterdam, October 11th, 2016
Disruption is business model innovation
How to manage disruption?
MyOrder as major example
The satellite strategy of the Rabobank
1.
2.
3.
4.
19
Amsterdam, October 11th, 2016
Business
Incubation
The new way to innovate is to collaborate
M&A
Venturing
Strategic
Partnerships
17
Innovation
Time
1%9%
90%
Amsterdam, October 11th, 2016
Collaboration is open innovation
In alignment with the themes of our innovation agenda
FinTech startups:
• Access to customers
• Use of distribution channels
• Validation of solution
• Knowledge and network
Rabobank:
• Innovative ways to serve clients
• New business model innovations
• Access to new technologies
• Testbed for new opportunities
18
21
Amsterdam, October 11th, 2016
Learnings
• Presence: Entrepreneurs, Mentor and Bankers in Residence
• Validation: Sandboxing, Satellites & open infrastructure (API’s)
• Leverage your network and knowledge
• Executive support & interest
• PR & Communication
• Relevancy: current and future offering, for our customers
• Reverse mentoring & Moonshot program
Stimulate disruption from inside
Our Moonshot Campaign 20
22
249 ideas
Radical
innovation
High value
for clients
Amsterdam, October 11th, 2016
Mobile financial automation
for freelancers
Mobile robo wealth advisor
for millennials
Potential spinouts from Rabobank; Moonshots 1 en 2
Social payment engine
for millennials
Automated currency hedging
for corporates
Payment via contact list
for retail clients
Data aggregation platform
for farmers
PSP emerging markets
for online merchants
23
Amsterdam, October 11th, 2016
Disruption is business model innovation
How to manage disruption?
MyOrder as major example
The satellite strategy of the Rabobank
1.
2.
3.
4.
24
Amsterdam, October 11th, 2016
25
MyOrder
Amsterdam, October 11th, 2016
26
Amsterdam, October 11th, 2016
Vienna, March 8th, 2016
Other Value
Added Services
Customer
acquisition
Rewards/
Coupons
Customer
retention
Loyalty
Payment
New
entrants
27
Payment is hygiene factor
Real value is Value Added Services
2.5% - 40%
€0,24 - €0,33
Financial
sector
Utrecht, September 6th, 2016Amsterdam, October 11th, 2016
26
The RaboWallet
Amsterdam, October 11th, 2016
Disruption is business model innovation
How to manage disruption?
MyOrder as major example
The satellite strategy of the Rabobank
1.
2.
3.
4.
29
Amsterdam, October 11th, 2016
Savings
Loan
Pay &
receive
Risk
Customer
Rabobank
And satellites
30
Amsterdam, October 11th, 2016
Vienna, March 8th, 2016
10times more collaborationships with
startups over the last 5 years
5times more collaborationships with
acceleratorprograms over the last 3 years
Collaborate
Increasing number of collaborations
31Amsterdam, August 23th, 2016Amsterdam, October 11th, 2016
Learnings
Don’t only look
outside but also
leverage your own
knowledge and skills
Think and act like
a startup, and
leverage your
corporate assets
Search instead
of execute
34
Amsterdam, October 11th, 2016
Thank you
35
Shoot for the moon, even if you
miss you will land among stars.
Amsterdam, October 11th, 2016

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FinTech Innovation at Rabobank

  • 1. KEO Kennislunch FinTech Amsterdam, October 11th, 2016 Harrie Vollaard, Head of FinTech & InnovationHarrie Vollaard, Head of FinTech & Innovation Platform Innovation in Marketing Over Corporates en startups; het ideale huwelijk?
  • 2. Shoot for the moon, even if you miss you will land among stars. Harrie Vollaard, Head of FinTech & Innovation Platform Innovation in Marketing Over Corporates en startups; het ideale huwelijk? Amsterdam, October 11th, 2016
  • 5. Disruption is business model innovation1. How to manage disruption?2. MyOrder as major example3. The satellite strategy of the Rabobank4. 5 Amsterdam, October 11th, 2016
  • 6. Disruption is business model innovation How to manage disruption? MyOrder as major example The satellite strategy of the Rabobank 1. 2. 3. 4. 6 Amsterdam, October 11th, 2016
  • 7. Digital transformation; the challenges When new technologies cause great firms to fail Up to 30% revenues under pressure by digital disruption. 7 Amsterdam, October 11th, 2016
  • 8. FinTech is gaining increasing traction in the venture capital market FinTech industry is growing rapidly: > 12.000 FinTech startups globally > USD 20 bn finance activity 2015 10Amsterdam, October 11th, 2016
  • 9. Business model under pressure 9 Business model under pressure Legacy at question Margins go down Trust decreases Amsterdam, October 11th, 2016
  • 10. Vienna, March 8th, 2016 And More… Stored Value Accounts Blockchain Technology Personal Finance Management Digital Banks P2P Transactions Wealth Management E&M Commerce P2P Lending Showing emerging business models/technology and new sources of revenue 13 Amsterdam, October 11th, 2016
  • 11. CB insights $5,000,000 $500,000 $50,000 $5,000 Cost to Launch a Tech Startup 2000 2005 2009 2011 Open Source And Horizontal Scaling Cloud and AWS 11Amsterdam, October 11th, 2016
  • 12. 15 yrs 75 yrs 1937 2012 75% of the S&P 500 will be replaced by 2027 12 Amsterdam, October 11th, 2016
  • 13. Engage in enough exploitation to ensure current viability. Engage in enough exploration to ensure failure viability. NewExisting InventImprove SearchExecution 13 Search for opportunities is a mindset Amsterdam, October 11th, 2016
  • 14.
  • 15. “In the future, BBVA will be a software company” Francisco Gonzalez, CEO BBVA Leading banks recognize the impact 15 Amsterdam, October 11th, 2016
  • 16. Disruption is business model innovation How to manage disruption? MyOrder as major example The satellite strategy of the Rabobank 1. 2. 3. 4. 19 Amsterdam, October 11th, 2016
  • 17. Business Incubation The new way to innovate is to collaborate M&A Venturing Strategic Partnerships 17 Innovation Time 1%9% 90% Amsterdam, October 11th, 2016
  • 18. Collaboration is open innovation In alignment with the themes of our innovation agenda FinTech startups: • Access to customers • Use of distribution channels • Validation of solution • Knowledge and network Rabobank: • Innovative ways to serve clients • New business model innovations • Access to new technologies • Testbed for new opportunities 18 21 Amsterdam, October 11th, 2016
  • 19. Learnings • Presence: Entrepreneurs, Mentor and Bankers in Residence • Validation: Sandboxing, Satellites & open infrastructure (API’s) • Leverage your network and knowledge • Executive support & interest • PR & Communication • Relevancy: current and future offering, for our customers • Reverse mentoring & Moonshot program
  • 20. Stimulate disruption from inside Our Moonshot Campaign 20 22 249 ideas Radical innovation High value for clients Amsterdam, October 11th, 2016
  • 21. Mobile financial automation for freelancers Mobile robo wealth advisor for millennials Potential spinouts from Rabobank; Moonshots 1 en 2 Social payment engine for millennials Automated currency hedging for corporates Payment via contact list for retail clients Data aggregation platform for farmers PSP emerging markets for online merchants 23 Amsterdam, October 11th, 2016
  • 22. Disruption is business model innovation How to manage disruption? MyOrder as major example The satellite strategy of the Rabobank 1. 2. 3. 4. 24 Amsterdam, October 11th, 2016
  • 25. Vienna, March 8th, 2016 Other Value Added Services Customer acquisition Rewards/ Coupons Customer retention Loyalty Payment New entrants 27 Payment is hygiene factor Real value is Value Added Services 2.5% - 40% €0,24 - €0,33 Financial sector Utrecht, September 6th, 2016Amsterdam, October 11th, 2016
  • 27. Disruption is business model innovation How to manage disruption? MyOrder as major example The satellite strategy of the Rabobank 1. 2. 3. 4. 29 Amsterdam, October 11th, 2016
  • 29. Vienna, March 8th, 2016 10times more collaborationships with startups over the last 5 years 5times more collaborationships with acceleratorprograms over the last 3 years Collaborate Increasing number of collaborations 31Amsterdam, August 23th, 2016Amsterdam, October 11th, 2016
  • 30. Learnings Don’t only look outside but also leverage your own knowledge and skills Think and act like a startup, and leverage your corporate assets Search instead of execute 34 Amsterdam, October 11th, 2016
  • 31. Thank you 35 Shoot for the moon, even if you miss you will land among stars. Amsterdam, October 11th, 2016

Editor's Notes

  1. Over Corporates en startups; het ideale huwelijk?
  2. It is all about execution and that about how you are doing it, what kind of methodologies are you using? Daar wordt het voortbestaan, business model innovatie gekoppeld aan de manier van werken, way of working, thinking
  3. Buyer – Supplier Revenu sharing model Investment M&A