dfs23

1. CHECK THE CZECH
FINTECH ECOSYSTEM
Czech Fintech Association

2. FINTECH IN NUMBERS
● 4 main areas: payments, personal finance
management, crowdfunding/ SME financing
● ± 150 companies
● 3 + 1 reasons for fintech

3. DIGITIZATION OF TRADITIONAL SERVICES
4 MAIN AREAS
○ Payment services: BNPL, payment gateways, electronic meal tickets
○ Corporate and retail financing: online loans, combined with investing tools (p2p)
○ Personal/ corporate finance management
○ Data analysis

4. CZECH INNOVATION
IN FINANCIAL SECTOR
NEW TECHNOLOGIES (AI/ML)
○ Cybersecurity: AI application to protect from AI attack, eg. to manipulate scoring
NEW FINANCE
○ Cryptocurrencies and related solutions (hardware, software)

5. BUSINESS STRATEGIES
COOPERATION WITH INCUMBENTS
○ Licencing: cheaper or due to supervisor's approach
○ Bigger customer base
○ Access to liquidity or infrastructure

6. 3+1 REASONS FOR FINTECH
GENERATION OF HUNCHBACKS
○ 90% customers pay by card (58% will use card as preferred solution)
○ 82% mobile phones are smart
CASHLESS SOCIETY
○ 14 mln cards (1,3/ person), over 307 ths payment terminals, mostly with NFC
○ quarter of SMEs sell online (5. place in the EU)
A2A PAYMENTS
○ Still less popular

7. WHERE ARE THE OPPORTUNITIES
○ 18 % of population don't have a bank account
○ 99 % of economic subjects are SMEs, which are
dependent on banks loans and other services
○ 4,5 billion CZK on current or savings account with
immediate availability

8. THANK YOU
maria.staszkiewicz@czechfintech.cz