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Fintech Belgium Summit 2018 - Payments- Koen de Leus - BNP Parisbas Fortis

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Koen de Leus
BNP Parisbas Fortis

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Fintech Belgium Summit 2018 - Payments- Koen de Leus - BNP Parisbas Fortis

  1. 1. FINTECH: BEYOND THE HYPE FUTURE COOPERATION KOEN DE LEUS Brussels, 22/10/2018
  2. 2. BEYOND THE HYPE? 1. FROM PSD2 TO NEW ECOSYSTEM 2. RELATION FINTECH-BANKS: CAN’T LIVE WITH(OUT) THEM 3. FINTECH FUTURE? WATCH CHINA!
  3. 3. BEYOND THE HYPE? 1. FROM PSD2 TO NEW ECOSYSTEM 2. RELATION FINTECH-BANKS: CAN’T LIVE WITH(OUT) THEM 3. FINTECH FUTURE? WATCH CHINA!
  4. 4. What does PSD2 change?
  5. 5. From PSD2 to ecoystem
  6. 6. BEYOND THE HYPE? 1. FROM PSD2 TO NEW ECOSYSTEM 2. RELATION FINTECH-BANKS: CAN’T LIVE WITH(OUT) THEM 3. FINTECH FUTURE? WATCH CHINA!
  7. 7. Fintechs are impacting the way we serve our customers Set new user experience benchmarks
  8. 8. Fintechs are impacting the way we serve our customers Set new user experience benchmarks Fasten the pace of innovation
  9. 9. Fintechs are impacting the way we serve our customers Set new user experience benchmarks Fasten the pace of innovation Challenge revenue streams
  10. 10. Cost of client acquisition beyond early adopters is high Fintech versus banks: can’t live with(out) them
  11. 11. Cost of client acquisition beyond early adopters is high Banks still seen as the trusted safe keepers of client data and money Fintech versus banks: can’t live with(out) them
  12. 12. Cost of client acquisition beyond early adopters is high Banks still seen as the trusted safe keepers of client data and money Banks have scaling capabilities Fintechs don’t have Fintech versus banks: can’t live with(out) them
  13. 13. Fintech chip away income from banks Fintech versus banks: can’t live with them
  14. 14. BEYOND THE HYPE? 1. FROM PSD2 TO NEW ECOSYSTEM 2. RELATION FINTECH-BANKS: CAN’T LIVE WITH(OUT) THEM 3. FINTECH FUTURE? WATCH CHINA!
  15. 15. 12/11/201817
  16. 16. 12/11/201818
  17. 17. China leads the pack
  18. 18. Source: USCensus Bureau, Pew Research, Newzoo, Statista, eMarketer, CNNIC, IMF At a Glance: China vs. US Internet Although China’s internet penetration is just over 50%, its sheer scale means there are 3x the number of smartphone users and 11x the number of mobile payment users in China than in the US. Internet Smartphone Mobile Internet Mobile Payment
  19. 19. Indexed growth of China fintech segments
  20. 20. Success or failure in China’s internet landscape, especially fintech, is contingent upon government authority. Source: SCMP,Abacus,Sina • Sept 2017: Cryptocurrency exchanges and initial coin offering banned by the government. • Dec 2017: China’s central bank and regulatory commission tightened rules around internet financing and peer-to-peer online lending, wiping out smaller players. The last three years have seen the number of P2P companies shrink from 6,000 to 2,000 • Dec 2017: raise payment platforms reserve fund ratio from 20% tot 50%, and this will increase to 100% Government is The Visible Hand
  21. 21. BEYOND THE HYPE? 1. FROM PSD2 TO NEW ECOSYSTEM 2. RELATION FINTECH-BANKS: CAN’T LIVE WITH(OUT) THEM 3. FINTECH FUTURE? WATCH CHINA!
  22. 22. FINTECH: BEYOND THE HYPE FUTURE COOPERATION KOEN DE LEUS Brussels, 22/10/2018
  23. 23. And register for “Economic Express”, our newsletter Economic Research online Visit our blog on the website : www.bnpparibasfortis.com
  24. 24. DISCLAIMER This presentation has been prepared by BNP Paribas Fortis SA/NV (together with its affiliates, “BNPPF”) for information purposes only. No representation or warranty, express or implied, is or will be made in relation to, and no responsibility or liability is or will be accepted by BNP Paribas Fortis or any of their respective officers or employees as to or in relation to the accuracy or completeness of this presentation or any further written or oral information made available to the recipient or its advisers. BNPPF expressly disclaims any and all liability which may be based on such information, errors therein or omissions therefrom. In particular, no representation or warranty is given as to the accuracy or completeness of any financial information contained herein or as to the achievement or reasonableness of any forecasts, projections, management targets, prospects or returns. Recipient(s) hereof should make their own judgment and assessment of the information contained in this presentation and should not base any decisions solely on the basis upon the information and opinions contained in this presentation. Any views expressed herein reflect the judgment of BNP Paribas Fortis as of the date of this presentation and may be subject to change without notice if BNP Paribas Fortis becomes aware of any information which may have a material impact on any such views. BNP Paribas Fortis will not be responsible for any consequences resulting from the use of this presentation or reliance upon any view or statement contained herein or for any omission. © BNP Paribas Fortis SA/NV. All rights reserved.

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