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Technological Disrupting in Banking: Navigating the Future of Digital

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Keynote Speech at Russian Calling Conference - VTB Capital in Moscow Russia in October 2017. Inspirational, Motivational and Leadership Keynote speech about Technological Disrupting such as Fintech, Blockchain Technology, Bitcoin, Cryptocurrencies.
Learn more about Futurist Keynote Speaker Monty Metzger at http://blog.monty.de

Monty Metzger is telling case studies and success stories from his ceo learning journey and investment globally. He had been travelling to 45 countries and key innovation hubs to discover the latest technology trends, strategies and tools.
#Leadership #Management #LearningJourney #siliconvalley #cryptovalley #telaviv #tokyo

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Technological Disrupting in Banking: Navigating the Future of Digital

  1. 1. © 2017 Monty C. M. Metzgerwww.monty.de | @montymetzger 1 TECHNOLOGICAL 
 DISRUPTION IN BANKING:
 NAVIGATING THE FUTURE OF DIGITAL VTB Capital October 26, 2017 Moscow, Russia Monty C. M. Metzger
 Partner, Digital Leaders Ventures
 Chairman, DigitalLeaders.co web www.monty.de twitter @montymetzger MONTY.de
  2. 2. © 2017 Monty C. M. Metzgerwww.monty.de | @montymetzger 2 Will technology disrupt banking
 as we know it? MONTY.de
  3. 3. © 2017 Monty C. M. Metzgerwww.monty.de | @montymetzger 3 Tipping Point for Banking and Finance MONTY.de
  4. 4. © 2017 Monty C. M. Metzgerwww.monty.de | @montymetzger 6 MONTY.deMonty C. M. Metzger 
 Twitter: @montymetzger Founder Internet Agency in 1997, 
 while still at school - at the age of 18 Studied Economics and electronic Marketing 
 in Germany & Switzerland. Founder Future Research Company (2003) with offices in New York, Munich, Beijing and Tokyo - Exit 2008. Book: Mobile 2020 - A Vision of the future of mobile communication for the year 2020. (published 2009) Founder Digital Leaders (2013) as a network of influential leaders in technology, hosting executive tour programs & conferences. www.DigitalLeaders.co Founding Partner Digital Leaders Ventures (2014) - Technology Venture Fund headquartered in Luxembourg www.DLV.vc Strategic Partner at the FIA Smart Cities - Global Startup Contest held alongside the Formula E racing series globally. Bitcoin Investor since 2013 DLV to launch several Blockchain & Bitcoin related fund projects.
  5. 5. © 2017 Monty C. M. Metzgerwww.monty.de | @montymetzger 22 1. Revolution Steam, Water, Mechanics 1780+ 2. Revolution Electricity, Machines, Mass-Production 1870+ 3. Revolution Computer, Electronics, Internet, Mobilphones 1950+ 4. Revolution Internet of Value
 Blockchain, 
 Bitcoin & Co 2010+ MONTY.de
  6. 6. © 2017 Monty C. M. Metzgerwww.monty.de | @montymetzger 23 Digital 
 Technology Digital 
 Business D igital
 Leadership D igital
 C ustom er MONTY.de Digital Leaders 
 Formula
  7. 7. © 2017 Monty C. M. Metzgerwww.monty.de | @montymetzger 24 Digital 
 Technology Digital 
 Business D igital
 Leadership D igital
 C ustom er MONTY.de Digital Leaders 
 Formula
  8. 8. © 2017 Monty C. M. Metzgerwww.monty.de | @montymetzger 25 Demanding Consumers in a world of algorithms and data MONTY.de
  9. 9. © 2017 Monty C. M. Metzgerwww.monty.de | @montymetzger 26 MONTY.de We are drowning in data, but starving in wisdom.
  10. 10. © 2017 Monty C. M. Metzgerwww.monty.de | @montymetzger 27 Digital 
 Technology Digital 
 Business D igital
 Leadership D igital
 C ustom er MONTY.de Digital Leaders 
 Formula
  11. 11. © 2017 Monty C. M. Metzgerwww.monty.de | @montymetzger 28 445m Subscribers 101,443 employees $82 bn Company Value $0.8m
 Value per employee MONTY.de Digital Business
 Exponential efficiency?
  12. 12. © 2017 Monty C. M. Metzgerwww.monty.de | @montymetzger 29 WhatsApp 445m Subscribers 101,443 employees $82 bn Company Value $0.8m
 Value per employee $19bn Company Value 1bn Active Users MONTY.de Digital Business
 Exponential efficiency?
  13. 13. © 2017 Monty C. M. Metzgerwww.monty.de | @montymetzger Digital Business
 Exponential efficiency? 30 WhatsApp 55 employees 445m Subscribers 101,443 employees $82 bn Company Value $0.8m
 Value per employee $345.5m
 Value per employee $19bn Company Value 1bn Active Users MONTY.de
  14. 14. © 2017 Monty C. M. Metzgerwww.monty.de | @montymetzger 31 MONTY.de Digital Business
 What do these companies have in common?
  15. 15. © 2017 Monty C. M. Metzgerwww.monty.de | @montymetzger 32 MONTY.de Uber, the world’s largest taxi company, owns no vehicles. Facebook, the world’s most popular media owner, creates no content. Alibaba, the most valuable retailer, has no inventory. Airbnb, the world’s largest accommodation provider, owns no real estate. Digital Business
 What do these companies have in common?
  16. 16. © 2017 Monty C. M. Metzgerwww.monty.de | @montymetzger 33 Digital 
 Technology Digital 
 Business D igital
 Leadership D igital
 C ustom er MONTY.de Digital Leaders 
 Formula
  17. 17. © 2017 Monty C. M. Metzgerwww.monty.de | @montymetzger 34 How to adapt the 
 Silicon Valley Mindset? MONTY.de
  18. 18. © 2016 Ahead of Time GmbHAhead of Time 35 Lean & Quick LEAN 
 THINKING WARNING: Contains common sense. MONTY.de
  19. 19. © 2017 Monty C. M. Metzgerwww.monty.de | @montymetzger 36 Trial & Error MONTY.de
  20. 20. © 2017 Monty C. M. Metzgerwww.monty.de | @montymetzger 37 Moonshot Thinking Exponential Thinking 10x MONTY.de
  21. 21. © 2017 Monty C. M. Metzgerwww.monty.de | @montymetzger 38 Moonshot Thinking Exponential Thinking 10x Huge 
 Problem Breakthrough Technology Radical
 Solution MONTY.de
  22. 22. © 2017 Monty C. M. Metzgerwww.monty.de | @montymetzger 41 Digital 
 Technology Digital 
 Business D igital
 Leadership D igital
 C ustom er MONTY.de Digital Leaders 
 Formula
  23. 23. © 2017 Monty C. M. Metzgerwww.monty.de | @montymetzger 42 Digital 
 Technology Digital 
 Busines D igital
 Leadership D igital
 C ustom e MONTY.de AI Blockchain Robotics Drones VR / AR Communication FinTech HealthTech
  24. 24. © 2017 Monty C. M. Metzgerwww.monty.de | @montymetzger 43 Digital 
 Technology Digital 
 Busines D igital
 Leadership D igital
 C ustom e MONTY.de AI Blockchain Robotics Drones VR / AR Communication HealthTech FinTech
  25. 25. © 2017 Monty C. M. Metzgerwww.monty.de | @montymetzger 45 In BLOCKCHAIN we trust, for all the rest we use ARTIFICIAL INTELLIGENCE. MONTY.de
  26. 26. © 2017 Monty C. M. Metzgerwww.monty.de | @montymetzger 47 Mobile Payments MONTY.de
  27. 27. © 2017 Monty C. M. Metzgerwww.monty.de | @montymetzger 48 MONTY.de India’s $4 Freedom Phone
  28. 28. © 2017 Monty C. M. Metzgerwww.monty.de | @montymetzger 49 Mobile Payments MONTY.deMONTY.de
  29. 29. © 2017 Monty C. M. Metzgerwww.monty.de | @montymetzger 50 MONTY.de PayKey
  30. 30. © 2017 Monty C. M. Metzgerwww.monty.de | @montymetzger 51 MONTY.de ‚A peer-to-peer electronic cash system‘ Satoshi Nakamoto, October 2008
  31. 31. © 2017 Monty C. M. Metzgerwww.monty.de | @montymetzger 52 Cryptocurrencies MONTY.de
  32. 32. © 2017 Monty C. M. Metzgerwww.monty.de | @montymetzger 53 Blockchain MONTY.de
  33. 33. © 2017 Monty C. M. Metzgerwww.monty.de | @montymetzger 54 Blockchain MONTY.de A blockchain is an electronic distributed ledger or list of entries – much like a stock ledger – that is maintained by various participants in a network of computers. SEC
  34. 34. © 2017 Monty C. M. Metzgerwww.monty.de | @montymetzger The new technology of trust. Goldman Sachs 55 Blockchain MONTY.de
  35. 35. © 2017 Monty C. M. Metzgerwww.monty.de | @montymetzger 56 Blockchain is to the money, 
 what Email was to the letter. MONTY.deMONTY.de
  36. 36. © 2017 Monty C. M. Metzgerwww.monty.de | @montymetzger 57 Blockchain Commerce - Accepting Bitcoin for payments Loyalty Program - Instant Trusted Ledger Identification - Authentication E-Residency - Estonia eCitizenship Energy - Peer 2 Peer Energy Trading What impact will Blockchain 
 have on Finance and Banking? MONTY.de
  37. 37. © 2017 Monty C. M. Metzgerwww.monty.de | @montymetzger 58 Blockchain MONTY.de Source: Global Blockchain Benchmarking Study 
 Cambridge University, 2017
  38. 38. © 2017 Monty C. M. Metzgerwww.monty.de | @montymetzger 59 CryptoCurrencies MONTY.de Besides Bitcoin there are more than 
 1.000 other CryptoCurrencies all based on Blockchain Ethereum, BitcoinCash, Litecoin, Zcash, Ripple, Bancor, etc.
  39. 39. © 2017 Monty C. M. Metzgerwww.monty.de | @montymetzger 60 CryptoCurrencies MONTY.de For the first time in the history of the world, anyone can now send or receive any amount of money with anyone else, anywhere, instantly, basically for free, and it is impossible for anyone to stop them. Roger Ver, Bitcoin Expert
  40. 40. © 2017 Monty C. M. Metzgerwww.monty.de | @montymetzger 61 bitcoin MONTY.de
  41. 41. © 2017 Monty C. M. Metzgerwww.monty.de | @montymetzger 62 First fully decentralised and open currency in combination with a payment protocol network and 
 build in trust. MONTY.de
  42. 42. © 2017 Monty C. M. Metzgerwww.monty.de | @montymetzger 63 First fully decentralised and open currency in combination with a payment protocol network and 
 build in trust. MONTY.de A decentralized peer-to-peer network 
 > The bitcoin processing power.
  43. 43. © 2017 Monty C. M. Metzgerwww.monty.de | @montymetzger 64 First fully decentralised and open currency in combination with a payment protocol network and 
 build in trust. MONTY.de A public transaction ledger as a public record of all transactions > The blockchain.
  44. 44. © 2017 Monty C. M. Metzgerwww.monty.de | @montymetzger 65 First fully decentralised and open currency in combination with a payment protocol network and 
 build in trust. MONTY.de A protocol and math-based network setting of rules for independent transaction validation 
 > The bitcoin protocol.
  45. 45. © 2017 Monty C. M. Metzgerwww.monty.de | @montymetzger 66 First fully decentralised and open currency in combination with a payment protocol network and 
 build in trust. MONTY.de The integrity of this ledger is backed and secured by a of the subnetwork of computers who audit and archive its transactions for a reward. > Proof-of-Work algorithm (Mining)
  46. 46. © 2017 Monty C. M. Metzgerwww.monty.de | @montymetzger 67 MONTY.de Turning „don’t be evil“ into „can’t be evil“ no company… no middleman … like a language
  47. 47. © 2017 Monty C. M. Metzgerwww.monty.de | @montymetzger 68 Internet of Value MONTY.de
  48. 48. © 2017 Monty C. M. Metzgerwww.monty.de | @montymetzger 69 Value of Bitcoin MONTY.de
  49. 49. © 2017 Monty C. M. Metzgerwww.monty.de | @montymetzger 70 Value of Bitcoin MONTY.de Gold?
 Many common aspect of bitcoin and Gold - 
 both is scare, durable and not widely used But bitcoin has some advantages - 
 it’s divisible, portable, easy to store, 
 difficult to counterfeit
  50. 50. © 2017 Monty C. M. Metzgerwww.monty.de | @montymetzger 71 Value of Bitcoin MONTY.de Money?
 According to the IMF Bitcoin fulfils at least two of the three primary requirements of money already today YES store of value YES medium of exchange NO accepted by sovereign governments
 > But that is also changing.
  51. 51. © 2017 Monty C. M. Metzgerwww.monty.de | @montymetzger 72 Value of Bitcoin MONTY.de Amazon:
 Revenue 2016: $140 billion - 3% average transaction fees are approx. $4+ billion a year. Profits are $ 4+billion per year. 
 Amazon could double their profits 
 by doing all transactions in Bitcoin. Amazon could create a own currency 
 to increase loyalty, reduce costs and 
 empower their market place with 3rd party vendors.
  52. 52. © 2017 Monty C. M. Metzgerwww.monty.de | @montymetzger 73 Value of Bitcoin MONTY.de Remittances:
 International remittance is the transfer of money by a foreign worker to their home country. In 2016 global remittances were 
 over $600+ billion dollars. Western Union fees for remittance can run from about 4 percent to 20 percent or more.
  53. 53. © 2017 Monty C. M. Metzgerwww.monty.de | @montymetzger 74 Value of Bitcoin MONTY.de Status:
 Bitcoin has currently approx. 15 Million Users
 with approx. 70 Million Wallets.
 There are approx. 14 Million Bitcoin in the market as of today. The supply of bitcoins is fixed at 21 million and each bitcoin can be divided into a hundred million pieces.
  54. 54. © 2017 Monty C. M. Metzgerwww.monty.de | @montymetzger 75 Value of Bitcoin MONTY.de Status Quo:
 Bitcoin Market Cap of $100 Billion USD Approx. $1 billion daily transaction volume, which is >50% of cryptocurrency market. Bitcoin passed $ 6.000 USD 
 on October 21st 2017.
  55. 55. © 2017 Monty C. M. Metzgerwww.monty.de | @montymetzger 76 Value of Bitcoin MONTY.de
  56. 56. © 2017 Monty C. M. Metzgerwww.monty.de | @montymetzger 77 Value of Bitcoin MONTY.de Uplift via Financial Crisis:
 Cyprus 2013: Cyprus freezes all bank accounts, restricting all withdrawals and transfers of money. Crisis introduces bitcoin to the world as an asset class immune to bail-ins and fiscal mismanagement; price of a bitcoin increases 10x.
  57. 57. © 2017 Monty C. M. Metzgerwww.monty.de | @montymetzger 78 Blockchain Opportunities MONTY.de
  58. 58. © 2017 Monty C. M. Metzgerwww.monty.de | @montymetzger 79 Opportunities for Banks & Central Banks ‣ Asset Transfer ‣ Clearning and Settlement of Securities ‣ Financial messaging system ‣ Syndicated loans ‣ Trade finance MONTY.de 63% of Central Banks are involved in trials or projects Source: Global Blockchain Benchmarking Study 
 Cambridge University, 2017
  59. 59. © 2017 Monty C. M. Metzgerwww.monty.de | @montymetzger 80 Banking the Un-Banked ‣ 2.5 Billion adults (half the global population) 
 are underbanked/ unbanked. ‣ 2/3 of the unbanked do not have enough 
 money to use a bank. ‣ A Bitcoin wallet allows anyone to send and 
 receive money, much like a bank account, 
 only quicker and without fees. ‣ A Bitcoin wallet is free - all you need is 
 Internet access or a data connection. MONTY.de World Bank Financial Inclusion 2011
  60. 60. © 2017 Monty C. M. Metzgerwww.monty.de | @montymetzger 81 bitcoin 1x1 MONTY.de
  61. 61. © 2017 Monty C. M. Metzgerwww.monty.de | @montymetzger 82 Be your own Bank Get started with Bitcoin in 5 Min MONTY.de Bitcoin will be accepted in over 
 300.000 stores in Japan in 2017. 1. Get A Wallet 2. Buy / Trade Coins 3. Spend Bitcoins, 
 Invest in ICOs or other Crypto Coins
  62. 62. © 2017 Monty C. M. Metzgerwww.monty.de | @montymetzger 83 Keep it save Offline Bitcoin Wallets MONTY.de
  63. 63. © 2017 Monty C. M. Metzgerwww.monty.de | @montymetzger 84 ATM Network 1.700 + Bitcoin ATMs globally MONTY.de
  64. 64. © 2017 Monty C. M. Metzgerwww.monty.de | @montymetzger 85 ICOs Blockchain Equity funding vs. ICO Funding MONTY.de Initial coin offerings have raised more than $2B in 2017 YTD. More than 250 ICOs have taken place since January 2016, with total ICO deals and funding increasing at a faster clip than traditional equity deals and dollars.
  65. 65. © 2017 Monty C. M. Metzgerwww.monty.de | @montymetzger 86 Bitcoin Ecosystem MONTY.de
  66. 66. © 2017 Monty C. M. Metzgerwww.monty.de | @montymetzger 87 Mining MONTY.de
  67. 67. © 2017 Monty C. M. Metzgerwww.monty.de | @montymetzger 88 Mining ‣ Open: Proof-of-Work algorithm (mining) ‣ Security: Provides security and stability ‣ Power: exceeds the combined processing power of the world’s top supercomputers. MONTY.de
  68. 68. © 2017 Monty C. M. Metzgerwww.monty.de | @montymetzger 89 Bitcoin Mining A behind the scene look MONTY.de
  69. 69. © 2017 Monty C. M. Metzgerwww.monty.de | @montymetzger 90 Mining = Big Business 
 = Real Money MONTY.de
  70. 70. © 2017 Monty C. M. Metzgerwww.monty.de | @montymetzger 91 Will technology disrupt banking
 as we know it? MONTY.de
  71. 71. © 2017 Monty C. M. Metzgerwww.monty.de | @montymetzger 92 Digital 
 Technology Digital 
 Business D igital
 Leadership D igital
 C ustom er MONTY.de Digital Leaders 
 Formula
  72. 72. © 2017 Monty C. M. Metzgerwww.monty.de | @montymetzger 93 New Era of the 
 Internet of Value MONTY.de
  73. 73. © 2017 Monty C. M. Metzgerwww.monty.de | @montymetzger 94 „Now. It’s one of those moments where you can change 
 the future.“ @montymetzger MONTY.de
  74. 74. © 2017 Monty C. M. Metzgerwww.monty.de | @montymetzger 95 The Future is Now. @montymetzger MONTY.de
  75. 75. © 2017 Monty C. M. Metzgerwww.monty.de | @montymetzger 96 TECHNOLOGICAL 
 DISRUPTION IN BANKING:
 NAVIGATING THE FUTURE OF DIGITAL VTB Capital October 26, 2017 Moscow, Russia Monty C. M. Metzger
 Partner, Digital Leaders Ventures
 Chairman, DigitalLeaders.co web www.monty.de twitter @montymetzger MONTY.de

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