Présentation de Marc Hemmerling (ABBL) lors du 10x6 consacré aux fintech organisé le 21 octobre 2015 par le Paperjam Club.

2. 21/10/15 Marc Hemmerling, ABBL © 2

3. FinTech… an new pillar ?
A vision... 20 years later ?
FinTech
– Hype ?
– Reality !
– Threat !
– Challenge !
– Opportunities !
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4. FinTech… an new pillar ?
ABBL
– Not a “bank only” association
– Defending the interest of its
members
– Luxembourg Financial place
(ecosystem view)
– Luxembourg economy
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5. FinTech… an new pillar ?
Key trends preoccupying banks and traditional players
– Regulation Tsunami(s)
– Market and political pressure increasing competition
– Demanding Customers
– …and of course FinTech
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6. FinTech… an new pillar ?
FinTech: our understanding
– FinTech – use of disruptive technologies
• By new actors (so called FinTechs: start-ups or new entrants)
• By traditional Actors
– Banking sector is talking about (and is working on) Digital
Banking
– ABBL set up a specific Cluster “Digital Banking and FinTech
innovation”
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7. FinTech… an new pillar ?
Why is FinTech “relevant” ?
– Banks/traditional actors use for many decades ICT
– Today’s financial services are totally relying on ICT
– FinTech is relevant because it allows
through the use of disruptive technologies and
based on new disruptive business models
to offer new services (tailored to the need, low cost)
– Leads to the creative decomposition of traditional banking
organizations… but also to destruction of revenue
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8. FinTech… an new pillar ?
FinTech is/will be everywhere
– Client interaction and service
– Core platforms
– Payments
– Data Analytics
– Security and infrastructure
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9. FinTech… an new pillar ?
And every banking
business is touched
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10. FinTech… an new pillar ?
The traditional organization of a bank will (have to )
evolve
– Decomposition into “molecular/atomic” services
– Approaches
• Do it yourself and compete
• Outsourcing (service taking / cooperation)
– New business models mainly based on “zero margin”
principles
– However Capex/Opex/ROI will not magically disappear
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11. FinTech… an new pillar ?
The traditional organization of a bank will (have to)
evolve
– Risks to end up with a “utilities” approach
– New sources of revenues are needed
• Volumes (expanding but finite markets, consolidations)
• Data monetization (loosing transparency)
• New value added services
– Image of the car/aircraft manufacturing company
– Legacy issues hindering fast change
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12. FinTech… an new pillar ?
Fintech…some final considerations on the possible new
models
– Competences
– Time to market
– Life cycles
– Future market structure: Co-existence, competition, cooperation
– Need for adequate regulation to give business certainty according the
principle
Same business/services – Same risks – Same rules
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