January 2013 – MIT Forum                   Social Finance and the end of                        traditional banking       ...
Finance is BIG and ready for disruption                                               “When I was young I thought that mon...
Banks are currently focused on reducing costs and risk After the crisis, banks are focused on:  Centralization aligned wi...
Banks focus on reductions makes them overlook the fact…                                                  Banking is boring...
Banks have to adjust to the new age of networks                                                                           ...
The new age of networks is driven by various trends                  Consumerization (Added Value on consumers)          ...
So how do information and networks change our world?                 Industrial paradigm                                  ...
Networks growth is staggeringeToro©2010 Presentation materials are confidential and should not be copied, distributed or p...
Users connectivity is going to double itselfeToro©2010 Presentation materials are confidential and should not be copied, d...
Where are we on the Solical Era CycleeToro©2010 Presentation materials are confidential and should not be copied, distribu...
Social financial services are emerging and growing                                                                        ...
Payments Services                                                                                                         ...
Payments Services – One new global currency ?                                                                             ...
Personal Finance – Manage your expenses                                                                                   ...
Risk Management                                                                                                           ...
Wealth Management                                                                                                         ...
Business Banking                                                                                                          ...
Investments                                                                                                               ...
eToro is the #1 social                                         investment network that                                    ...
Copying and sharing using eToro’s OpenBookeToro©2010 Presentation materials are confidential and should not be copied, dis...
eToro has changed investments as we knew them    Investing through a bank / broker                                        ...
“      You never change things by fighting the                                           existing reality. To change somet...
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E_toro_30.1.2013

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E_toro_30.1.2013

  1. 1. January 2013 – MIT Forum Social Finance and the end of traditional banking Yoni Assia Co-Founder & CEOeToro©2010 Presentation materials are confidential and should not be copied, distributed or passed on, directly or indirectly, to any other person. 30-Jan-13 1
  2. 2. Finance is BIG and ready for disruption “When I was young I thought that money was the most important thing in life; now that I am old I know that it is.” Oscar Wilde Financial services Aerospace Insurance, $670.57 Oil and Gas, $3,962.45 Agriculture IT, $381.33 Automotive Health, $834.55 Retailing, $1,844.08 Conglomerate Conglomerate, $1,156.03 Health Financial Automotive, IT $1,443.53 services, $2,760.05 Insurance Oil and Gas Retailing Telecommunications, Aerospace, $757.27 Agriculture, $315.38 Telecommunications $129.97 In billions of revenues 2010 figures Global Revenues by Sector ($b) CNNMoneyeToro©2010 Presentation materials are confidential and should not be copied, distributed or passed on, directly or indirectly, to any other person. 30-Jan-13 30-Jan-13 2 2
  3. 3. Banks are currently focused on reducing costs and risk After the crisis, banks are focused on:  Centralization aligned with de-risking  Reducing counterparty risk & operational risk  Increasing levels of change & regulations  Increasing corporate client expectations  Desire to address legacy expenses Source: Deutsche BankeToro©2010 Presentation materials are confidential and should not be copied, distributed or passed on, directly or indirectly, to any other person. 30-Jan-13 3
  4. 4. Banks focus on reductions makes them overlook the fact… Banking is boring “ “ Institutions will try to preserve the problem to which they are the solution. Clay ShirkyeToro©2010 Presentation materials are confidential and should not be copied, distributed or passed on, directly or indirectly, to any other person. 30-Jan-13 4
  5. 5. Banks have to adjust to the new age of networks Information Economy 2012 2006 Industrial Economy The age of social networks 1971 The age of information 50 Years 1908 The age of mass production 1875 The age of electricity 1829 The age of steam and railways 1771: The industrial revolution 200 Years1750 1850 1950eToro©2010 Presentation materials are confidential and should not be copied, distributed or passed on, directly or indirectly, to any other person. 30-Jan-13 5
  6. 6. The new age of networks is driven by various trends  Consumerization (Added Value on consumers)  Social Gamification  Globalization – One brand for ALL  “Appli”-fication - Everything as a service  Open networks of (Big) data – No secretseToro©2010 Presentation materials are confidential and should not be copied, distributed or passed on, directly or indirectly, to any other person. 30-Jan-13 6
  7. 7. So how do information and networks change our world? Industrial paradigm Information paradigm  Vertically integrated  Distributed  Scarcity  Abundance  Financial capital  Talent  Financial Products  Web products UX  Scale  ResilienceeToro©2010 Presentation materials are confidential and should not be copied, distributed or passed on, directly or indirectly, to any other person. 30-Jan-13 30-Jan-13 7 7
  8. 8. Networks growth is staggeringeToro©2010 Presentation materials are confidential and should not be copied, distributed or passed on, directly or indirectly, to any other person. 30-Jan-13 8
  9. 9. Users connectivity is going to double itselfeToro©2010 Presentation materials are confidential and should not be copied, distributed or passed on, directly or indirectly, to any other person. 30-Jan-13 9
  10. 10. Where are we on the Solical Era CycleeToro©2010 Presentation materials are confidential and should not be copied, distributed or passed on, directly or indirectly, to any other person. 30-Jan-13 10
  11. 11. Social financial services are emerging and growing Sean Park, Anthemis GroupeToro©2010 Presentation materials are confidential and should not be copied, distributed or passed on, directly or indirectly, to any other person. 30-Jan-13 11
  12. 12. Payments Services Sean Park, Anthemis GroupeToro©2010 Presentation materials are confidential and should not be copied, distributed or passed on, directly or indirectly, to any other person. 30-Jan-13 12
  13. 13. Payments Services – One new global currency ? Sean Park, Anthemis GroupeToro©2010 Presentation materials are confidential and should not be copied, distributed or passed on, directly or indirectly, to any other person. 30-Jan-13 13
  14. 14. Personal Finance – Manage your expenses Sean Park, Anthemis GroupeToro©2010 Presentation materials are confidential and should not be copied, distributed or passed on, directly or indirectly, to any other person. 30-Jan-13 14
  15. 15. Risk Management Sean Park, Anthemis GroupeToro©2010 Presentation materials are confidential and should not be copied, distributed or passed on, directly or indirectly, to any other person. 30-Jan-13 15
  16. 16. Wealth Management Sean Park, Anthemis GroupeToro©2010 Presentation materials are confidential and should not be copied, distributed or passed on, directly or indirectly, to any other person. 30-Jan-13 16
  17. 17. Business Banking Sean Park, Anthemis GroupeToro©2010 Presentation materials are confidential and should not be copied, distributed or passed on, directly or indirectly, to any other person. 30-Jan-13 17
  18. 18. Investments Sean Park, Anthemis GroupeToro©2010 Presentation materials are confidential and should not be copied, distributed or passed on, directly or indirectly, to any other person. 30-Jan-13 18
  19. 19. eToro is the #1 social investment network that allows users to invest in a fully transparent & engaging community by sharing and copying from one anothereToro©2010 Presentation materials are confidential and should not be copied, distributed or passed on, directly or indirectly, to any other person. 30-Jan-13 19
  20. 20. Copying and sharing using eToro’s OpenBookeToro©2010 Presentation materials are confidential and should not be copied, distributed or passed on, directly or indirectly, to any other person. 30-Jan-13 30-Jan-13 20 20
  21. 21. eToro has changed investments as we knew them Investing through a bank / broker Social investments with eToro  “Boring”  Social and exciting  Knowledge required  Using the wisdom of the crowd  Private and local  Open global community with 2.5 million users form 200 countrieseToro©2010 Presentation materials are confidential and should not be copied, distributed or passed on, directly or indirectly, to any other person. 30-Jan-13 30-Jan-13 21 21
  22. 22. “ You never change things by fighting the existing reality. To change something build a new model that makes the existing “ model obsolete. Buckminster Fuller Thank You Yoni Assia yoni@eToro.com CEO Tel: +972 54 4277789eToro©2010 Presentation materials are confidential and should not be copied, distributed or passed on, directly or indirectly, to any other person. 30-Jan-13 30-Jan-13 22 22

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