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Fintech Belgium Summit 2017 - Innovation Impact - Join- IbanFirst by Patrick Mollard


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Patrick Mollard

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Fintech Belgium Summit 2017 - Innovation Impact - Join- IbanFirst by Patrick Mollard

  1. 1. Bet t er busi ness banki ng December 14th 2017 Busi ness banki ng as i t shoul d be © iBanFirst 2017
  2. 2. Our company December 14th 2017 Busi ness banki ng as i t shoul d be © iBanFirst 2017
  3. 3. Better business banking Key Mi l est ones FX4Biz was founded Ability to do real-time pricing online through API and online platform. Real-Time Pricing In June 2013, the National Bank of Belgium granted our license as a Payment Establishment Payment license Over € 100k commissions in the month with a volume close to EUR 20m Growth in Numbers Over €1 Billion in transactions Over 1,000 customers Another Milestone in Numbers €10 Million fund raising Xavier Niel, NJJ as main investor. New Vision, New CEO with Pierre-Antoine Dusoulier Launch iBanFirst, Fundraising, New advisory board 2012 201 8 2014 20152013 20172016 Continued growth 65 employees Rewards: Ø KPMG FinTech 100 Ø Fintech Innovation Ø Leaders League © iBanFirst 2017
  4. 4. Better business banking i BanFi rst Today License BNB iBanFirst is a Payment Institution licensed by the National Bank of Belgium and passported throughout Europe.. Technology Core Banking • Proprietary Core-banking; • Multi-currency IBANs; • Virtual IBANs; • SWIFT; • SEPA; • Online KYC. Team 65 Professionals 15 IT experts to develop our proprietary technology. Strong relationships with several European banks thanks to an experienced management team. Finance A few figures • Created in 2013 • EUR 1,5m of revenues in 2016; • EUR 10m raised; • EUR 2 500m of transactions; • 135000 payments; • 1 100 SME clients. © iBanFirst 2017
  5. 5. Better business banking Our f oot pri nt i BanFi rst Headquart ers i BanFi rst Pari s i BanFi rst R&D Di j on © iBanFirst 2017
  6. 6. FX Sol ut i on Manage your mul t i - currency t ransact i ons wi t h our onl i ne pl at f orm © iBanFirst 2017
  7. 7. Better business banking i BanFi rst FX sol ut i ons What i ssues do we sol ve? Cost • Transit fees are generally high; • Solutions to protect yourself from exchange rate fluctuation are complex or even inaccessible; • Payments issues heavily charged (e.g. returned funds fees); • Maintaining a multi-currency accounts structure is expensive. • • • Pricing Transparency • Significant spread between currency conversion rate and the real-time forex market rate; • Currency conversion rate usually communicated after validation of your instruction; • Transit fees are generally opaque. Availability • Money transfers abroad suffers long delay to be delivered to the final beneficiary; • Many operations cannot be processed 100% online; • Limited opening hours. • © iBanFirst 2017
  8. 8. Better business banking i BanFi rst FX sol ut i ons Less expensi ve, mor e t r anspar ent Competitive & transparent Efficient & reliable Secure Key benefits Let’s have a closer look: Currency conversion commission Transit fees Currency conversion rate Extra fees FREE Starting from 0 €! Best rate guaranteed We offer you a better rate than your bank or current provider 0 € Simple © iBanFirst 2017
  9. 9. Better business banking Use your i BanFi rst account i n ISABEL 6Li ke any ot her account you own You can select your iBanFirst account in order to make your international paiements and benefit from our competitive conditions, exactly the same way you used to make paiements before © iBanFirst 2017
  10. 10. Quest i ons? © iBanFirst 2017
  11. 11. Better business banking Regul at i on & Securi t y © iBanFirst 2017 License • iBanFirst (n°0849.872.824), licensed and regulated by the National Bank of Belgium (NBB) as a Payment Service Provider (PSP) under the Payment Services Regulations and Electronic Money Regulations (Article 9 - 21 December 2009) • We have a branch in France which is recognized by ACPR (French Prudential Supervision and Resolution Authority) Segregated accounts 100% of the funds on our accounts are guaranteed (we never use our clients funds, which are on segregated accounts, and are closely controlled by the BNB on this topic) Strong authentication Our platform is protected against fishing and hacking by: • Reinforced authentication: double authentication via TOTP (temporary one time passcode) and Yubikey • Cutting edge encryption of the platform (Business SSL) Payment networks iBanFirst is a member of the most secured payment networks: SWIFT, SEPA, etc.