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OeNB Fintech in Austria and Internationally

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OeNB Fintech in Austria and Internationally

  1. 1. www.i5invest.com FinTech in Austria and Internationally OeNB September 2016
  2. 2. 2 | 12/09/2016 The view of OeNB? Source: ÖNB
  3. 3. 3 | 12/09/2016 Table of contents Who we are1 3 Requirements and Challenges in FinTech2 4 Investments and Markets – International vs Austria 5 Current FinTech Trends Regulation – Best Practices6 FinTech Partnership Scenarios Glossary – FinTech Terms7
  4. 4. 4 | 12/09/2016 Requirements and Challenges in FinTech Business Model Customer Focus SolvencyFlexibility Attracting Talent Uncertainty of Regulations Difficulties to partner up with Banks Difficulties to attract Large Customers Challenge Challenge Challenge Challenge
  5. 5. 5 | 12/09/2016 Overall Investment per Geography, 2011-2015 $ 2,4 $ 2,8 $ 3,9 $ 12,2 $ 19,1 457 607 759 933 1162 0 500 1000 1500 $ , $ 5, $ 10, $ 15, $ 20, $ 25, 2011 2012 2013 2014 2015 Fintech Investment (Billion USD) Number of Deals Annual Global FinTech Total Investments Annual North America FinTech VC Investments Annual Europe FinTech VC Investments Top FinTech VC Funds - North America Top FinTech VC Funds - Europe $ 1,6 $ 1,8 $ 2,2 $ 4,4 $ 7,7 237 271 328 355 378 0 100 200 300 400 $ , $ 1, $ 2, $ 3, $ 4, $ 5, $ 6, $ 7, $ 8, 2011 2012 2013 2014 2015 Fintech Investment (Billion USD) Number of Deals $ 0,4 $ 0,3 $ 0,3 $ 1,1 $ 1,5 35 70 70 96 125 0 100 200 300 400 $ 0, $ 1, $ 2, $ 3, $ 4, $ 5, $ 6, $ 7, $ 8, 2011 2012 2013 2014 2015 Fintech Investment (Billion USD) Number of Deals Source: CB Insight, KMPG 2020 +54.8% CAGR 2016-2020
  6. 6. 6 | 12/09/2016 100% 14% < 9% $ 0, $ 50, $ 100, $ 150, Germany Switzerland Austria FinTech - Growth Area for Austria Source: Sonovate, Statista.de Wealth Management Platforms New Payment Services Investment Platforms Online Financial Advisors vAustrian’s FinTech Start-Up Growth Areas 1. 2. 3. 4. Berlin (Germany) Zürich (Switzerland) Frankfurt (Germany) Vienna (Austria) TOP FinTech Hubs - DACH Region FinTech Transaction Value 2016 (Billion USD) Historical gate to CEE banking region Governmental Start-Up Program Not fully discovered FinTech MarketSuitable potential legacy partners vSome Benefits for FinTechs in Austria
  7. 7. 7 | 12/09/2016 v FinTech’s trends are changing fast and are widespread “95% of banks believe to lose business to Fintechs” “25% of banks keep on ignoring FinTech partnerships” Banks FinTech Consumer Banking Fund transfer & payments Wealth Management SME Banking 1. 2. 3. 4. Current Situation of Banks Biggest FinTech Trends Financial Chatbot Adviser (A.I.), Robo Adv. Peer-to-Peer Lending/Insurance Quick Adaption of Blockchain New Payment Players Real Estate Crowdfunding Expanding Alternative Banking Importance of Cyber Currencies Utilisation of Big Data Most disrupted sectors by FinTech until 2020 Source: PwC Global FinTech Survey 2016, i5invest
  8. 8. 8 | 12/09/2016 v Partnerships will be key in the future of BFSI Non-/ and FinTech Start-Ups Large Banks and FinTechs Large Banks and Tech-Players Information Technology is taking an ever more important part in the financial industry. Partnerships are therefore needed because Differences in Management & Culture Differences in Operational Processes Regulatory Uncertainty IT Security Bank’s biggest reservations regarding FinTech Partnerships Source: PwC Global FinTech Survey 2016, i5invest 1. 2. 3. 4. Customers get more digitalized FinTechs only focus on one part of the supply chain Partnerships are therefore needed between Cost reduction and higher efficiency “Enables n26’s customers to transfer money abroad in different currencies” “Enables myGeorge users to predict their future account balance” “Provides Barclays’ customers with new mobile commerce and payments solutions” The IT and Finance markets are broad
  9. 9. 9 | 12/09/2016 Regulation approaches in other countries
  10. 10. 10 | 12/09/2016 How to ensure a safe regulative environment Direct communication between regulators and fintechs. Offer fast and transparent regulatory review of potential new fintech products or services. Create a support system or kit to help fintech startups meet regulatory requirements. Roll out consumer awareness initiatives to increase demand. Encourage traditional financial institutions to invest in or partner with fintech startups — preferably non-exclusively. 1. 2. 3. 4. 5. FMA FinTech Regulation
  11. 11. www.i5invest.com Follow us on

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