Presentation in May 2016 at Finnovasia Hong Kong. Fintech startups have focused on providing cheaper and better products ("Unbundling of finance"), but there are other very strong underlying trends impact the future of finance.
Lean: From Theory to Practice — One City’s (and Library’s) Lean Story… Abridged
A car pulled by a horse: is it the future of finance?
1. 1
Wecolme Message!
The activities of a company associated with buying and selling a product or service that includes advertising,social media,
selling products Marketingis based on thinking about the business in termsof customer needs and their satisfactionmarketing
differs from selling because in the words of the best universityof the world.
A car pulled by a horse
Is it the future of finance?
Huy NguyenTrieu
@huynguyentrieu
Credit: Justacarguy blog
2. 2
The rise of Fintech has been breathtaking
@huynguyentrieu @Finnovasia – HK 30 May 2016
The Pulse of Fintech, KPMG, Mar 2016
Wired, March 2015
Peer Pressure, PWC, February 2015
3. 3
But we’re seeing cracks in the walls
@huynguyentrieu @Finnovasia – HK 30 May 2016
The Telegraph, May 2016
Bloomberg, February 2016
Financial News, May 2016
5. 5
We’re very bad at predicting major changes
@huynguyentrieu @Finnovasia – HK 30 May 2016
70%
10%
98%
1996 2005
Nokia
Motorola
LG
Sony Ericsson
iOS
Android
Source: Gartner Group
6. 6
What is the future of finance?
@huynguyentrieu @Finnovasia – HK 30 May 2016
Poll at Oxford Said Business School
7. 7
A very strong trend: unbundling of finance
@huynguyentrieu @Finnovasia – HK 30 May 2016
BANK
PAY
INVEST
BORROW
AFFIRM
EARNEST
ZOPA
KABBAGE
PRODIGY
MONDO
NUMBER26
ATOM
LOOT
NEAT
BETTERMENT
ACORNS
MOTIF
SIGFIG
NUTMEG
VENMO
KLARNA
SQUARE
IZETTLE
PAYFRIENDZ
8. 8
Cheaper and better (We’ve seen it before…)
@huynguyentrieu @Finnovasia – HK 30 May 2016
Pets.com
Petsmart
Petplanet
Petstore
Petopia
Vitamins
PlanetRX
More.com
Mother
Nature
Vitamin
Shoppe
Toysmart
Toytime
eToys
KBKids
Smarter
kids
Beauty.com
Eve.com
Beauty
Jungle
Gloss.com
iBeauty
Credit: Pixabay
9. 9
Cheaper and better : Good. Or Bad?
@huynguyentrieu @Finnovasia – HK 30 May 2016
High Customer
Acquisition Cost
Margin
Pressure
Customer
Inertia
Challenging…
But not Impossible!
20. 20
A new business model for finance?
@huynguyentrieu @Finnovasia – HK 30 May 2016
Interest
Income
Fees
65%
0%
35%
0%
0%
100%
Typical Bank Google
Interest
Income
Fees
Data
21. 21
What is the future of finance?
@huynguyentrieu @Finnovasia – HK 30 May 2016
Poll at Oxford Said Business School
22. 22
Wecolme Message!
The activities of a company associated with buying and selling a product or service that includes advertising,social media,
selling products Marketingis based on thinking about the business in termsof customer needs and their satisfactionmarketing
differs from selling because in the words of the best universityof the world.
Disruption is never obvious. But it’s still coming.