We’re super excited being part of the accelerated agenda of intersection economies. Technology is the enabler, self-learning systems constantly enhance the lives of individuals and optimise merchant locations extending reach across suburbs, amplifying impact on cash society. Tapp platform contributes to well-being of millions of consumers, narrows inequality and pushes cash economy to further impact the stability of emerging countries. Please find a collection of technologies, AI, forecasting, game changer opportunities and conclusions of how the world stands. We’re pulling economies towards stability while providing people the opportunity to choose for themselves.

1. Tapp Commerce
Sami Leino, Director of Business Development
Accelerated Finance
From linear to exponential thinking
Photo: Don McCullough Creative Commons Flickr

2. Creating faster and more accurate results with accelerated processes.
Exponential Progress
Exponential
growth factor
Unexpected
results
Expected results
x10
x1000000

3. Kodak invented CCD technology in 1970’s,
too steeped in tradition for change.
1998 Kodak had 170.000 employees, in
2012 filed for bankruptcy.
Business model disappeared in 36 months
after 124 years of operation.
Kodak had unwillingness to change,
from chemical to electronics company.
Faster Disruption
Digital movement decimated print photos.
Disruption
right there!
Apple and Kodak camera in 1994.
Evolution of camera component from $100k to $5.
Source: Wikipedia, Peter Dimandis
“40% of Fortune Top500 companies will disappear in a decade.”
John Chambers, CEO, Cisco

4. “50% of jobs in developed countries will be replaced by automation”
Humans are needed to create and operate robotic systems.
Automation Source: spectrum.ieee.org Exponential Finance 2016

5. Growth creates complexity and complexity is the killer of growth.
Growth and Complexity
Pre-Industrial Age Industrial Age Post-Industrial Age
“Individual productivity” “Economies of Scale” “Complexity”
Cost
Volume
Cost
Volume
Cost
Volume
Fixed costs Variable costs Complexity costs
Source: Wilson Perumal Company

6. Law of Accelerated Returns
Processor capacity increased
3000x times in a decade.
1956 2005 2016
Cost of computing decreased x 90k
Exponential growth in computing
Source: D-Wave, Wikipedia, Exponential Finance 2016, publicdomainpictures.net

7. We are nearing end of Moore’s law.
Size of transistors are reaching physical limits.
Transistor per $ has peaked.
End of Moore’s Law
Transistor size
Transistor per $
2000 2012
2016
2016
Design rule nm
Transistor size
Source: Wikipedia, Exponential Finance 2016
http://www.telegraph.co.uk/technology/2016/

8. Paradigm Shift-Rate
relay
Vacuum
tube
Transistors
Integrated
circuits
Overall rate of technology development doubles every decade.
1900 1920 1940 1960 1980 2000 2020 2040
Ray Kurzweil - 2001
Three-dimensional (3-D) integration
Nanophotonic Communication
Wireless Interconnects
Quantum Computing
Source: Columbia University
Networks-on-Chip in Emerging Interconnect Paradigms: Advantages and Challenges

9. Blockchain
Transaction database & protocol to build, relay and execute
financial transactions based on calculated certainty of parties.
Blockchain defies financial institutions steeped in tradition.
(Kodak’s unwillingness to change)
• Based on peer-to-peer relationships.
• Redefined trust between institutions is based on certainty.
• Permanent record storage with never-ending historical tail.
• Bitcoin uses transaction chain based on Blockchain.
Exponential Technologies

10. Financial Productivity - AI
Artificial Intelligence, what do we get?
Human + pre-reasoned alternatives = Best-of-breed selections
Source: Exponential finance 2016
High
performance
Non biased
decisions
Fast operational
velocity
No reorganizing
departments
24 x 7
operations
No sick leave
and whining!

11. Cutter Room Floor 95/5
Deep learning technologies meet AI
• Leverage constant knowledge building.
• Cut 95% of results, refine the 5%,
constant recurring results.
• Understand, agree and activate policies
for security, liability and ethics.
Focus on
top 5%
Constant
refining
Scrap 95%
of results
Source: Exponential finance 2015

12. Human-in-the-Loop
AI guided crowdsourced workflow.
• Tedious tasks are AI controlled.
• AI confidence factor under scrutiny.
• Crowdsourced humans guide AI.
• AI long term independence from crowd-
guidance.
New work
assignment
AI controlled
process
Confidence
calculation
Crowdsourced
guidance
AI calibration
Source: Peter Dimandis blog

13. House of Cat
AI functions with unlimited greed, without
controlling fear.
Networked drivers are the mice, in the
house of cat, today.
• Driver performance under scrutiny.
• If a driver starts to drive differently, heading
towards home, AI delivers more profitable
rides.
• “Orwellian control, slave to system” -Drivers.
Source: http://www.latimes.com/business/technology/la-fi-tn-uber-arbitration-opt-out-20151211-story.html
Elon musk
Acceleration
Breaking
G-forces
Velocity
Style
Start of day End of tour
Going home
Performance
Rides per hour
Trend
Revenues
Days
Hours
Going home?
There are new
rides for you!
Orientation
“Humans may become a mouse in house of a cat?”
Elon Musk

14. Deep Mind 2015
Deep Mind playing Breakout
Experience Level Tactic
After 10min very novice learning game
After 30min human level paddle towards ball
After 60min talented amateur hit rate 80%
After 90min professional hit rate 100%
After 120min expert level outruns game
After 240min creative moves beats the game
From zero to 90min AI outran a human.
https://www.youtube.com/watch?v=V1eYniJ0Rnk
Source: The New Yorker Feb 25, 2015, YouTube Mar 7, 2015.

15. Challenges – Markets
The markets are the only real-time real-life lab available.
Source: Networks-on-Chip in Emerging Interconnect Paradigms:
Advantages and Challenges, Exponential Finance 2016
Not possible to repeat theories, for
identical environment comparison.
Missing comparison value.
Linear thinking and models
are about old math.
Need for Bayesian models to
meet deep learning.
Testing theorems require
extensive computing power.
No credible way to test
sampled models.
Photo: Patrick Finnegan, Creative Commons
Photo: Silveira Neto, Creative Commons Photo: Thenails Flickr, Creative Commons

16. Financial Productivity - Challenges
“Most claimed research findings in financial economics are likely false”
Prof. Cambell Harvey - President of American Finance Association
Source: Exponential finance 2016
American finance association, Wikipedia
Heavy machinery needed to solve near real-time market problems.
• Dynamic portfolio analysis
• Scenario analysis
• Derivative pricing
• Real-time stochastic systems
New York Stock Exchange 1908, Wikipedia
1910’s millions of dollars per day
2010’s trillions of dollars per day

17. Solution – DC to QC
From Digital Computing to Quantum Computing
Deterministic Computing (DC)
cannot simulate probabilistic systems.
Probabilistic systems reflect to
real-time markets.
Quantum Computing (QC)
can solve this task.
Source: Exponential finance 2016
Photo: DWAVE Quantum Computer

18. Quantum Intro Class
Source: Exponential finance 2016
Photo: users.telenet.be/vdmoortel/dirk

19. Quantum Computing
Research studies of algorithms and
systems related to quantum phenomena.
Based on qubits – holding linear
superposition of states.
1:1 0:1 1:0 0:0
• Linear superposition – Simultaneous studying
of feasibility. 2 to power of n
• Entanglement and tunneling, physical
solutions to mathematical problems.
• Idea is to output all results in one go.
• Solutions for instant (de)cryptology.
Source: Youtube: Artificial Intelligence and Machine Conciousness
research.googleblog.com/2016/06/ Exponential finance 2016
“Full harvest in one go”
Photo: Phil Hendley, 2006 Creative Commons, Flickr

20. Superforcasting is a systematic model to extract essential
signals from information masses: based on intuition,
probability and likelihoods of events.
• Foresight is a measurable skill that you can cultivate.
• We’re moving from predictive to prescriptive financial services.
• Self-learning forecasts will assist us in decision-making.
Superforecasters

21. Philosophy
Cautious
Nothing is certain.
Humble
Reality is indefinitely complex.
Non-deterministic
Events are not meant to be.
Superforecasting - Style
Open-minded
Test hypothesis
openly
Curious
Need for cognition
Self-critical
Reflective thinking
Numerate
Comfortable with
numbers
Thinking
Style
Source: HBR, US Finance News
Identify
Capture
AnalyzeCut 95%
Calibration
What to look for? Essential to find weak signals.
Identify -> Capture -> Analyze Signals favor or threat your business.
24/7
enhancement

22. Methods can consist of one or many tools.
Superforecasting - Methods
Synthesizing
Blend models with
your own
Analytical
Consider adversary
views
Pragmatic
Rational modelling
Not fixed to agenda
Probability focused
Likelihood based, not
1 or 0
Thoughtful
Accept fact change =
change of mind
Intuitive
Enjoy cognitive
challenges
Source: HBR, US Finance News

23. Motivation, Grit + Ethics = Commitment to precision
Superforcasting - Focus
Passion driven
Internal flame
Personality
I will get better
Tenacious
As long as it takes
Dedicated mind
Focus
Improvement
Internal metrics
Growth mindset
Constant betterment
Source: HBR, US Finance News
Precision

24. Germ.
Societies Cards Game changers
Game Changers
Tipping point
U.S. 45%
Australia 35%
Germany 33%
Cashless
Singapore 61%
Netherlands 60%
Sweden 59%
Inception
Indonesia 15%
Greece 2%
Peru 1%
8 million Indonesians own credit cards.
Reuters May 29th 2016
Debit Cards Per Head
Credit Cards Per Head
3.28
1.75
1.48
1.25
0.94
China
Aus.
UK
Germ.
US
2.9
1
0.88
0.33
0.06
US
Aus.
UK
China
Source: ECB, Reuters, Jupiter Research
Ind. 0.02
Universal database protocol
for financial transactions.
Microloans for entrepreneurs
in emerging countries.
Users are rated and graded by
Facebook relationships.
Inclusion of wealth into GDP.
Satisfied citizens, stability to
society.
Cash inclusion
Community ratings
Real-Time microfinance
Blockchain

25. Cash Society
5B people live in cash society. Full impact of informal economy
is not reflected in global GDP.
These people live in a daily economy, visibility is to sunset.
Inclusion to online economy evens inequality, reduces instability
and increases the proportion of satisfied people in economy.
Access to goods
and services
Wealth contributes
to GDP
Increased overall
stability in society
Source: Tapp Commerce

26. Cash vs. non Cash
non Cash
Cash
52%48%
34%66%
9%
7%93%
2%98%
35%65%
North America
Western Europe Eastern Europe
Latin America
Asia (developed)
Asia-Pacific (emerging)
91%
1%99%
Africa
Source: McKinsey & GapGemini

27. Game changers are people themselves.
Cash inclusion, community based ratings,
instant lending, lag-free cash transfers,
are disruptive finance - real-time and in global scale.
Technology assists us in decision-making, but we make the final pick.
Who Makes The Final Pick?
“Computers need to learn how to understand the world like a human.”
Bart Selman, computer scientist, Cornell University
https://www.youtube.com/watch?v=6zpuHr7t8xI
“Thanks for Petteri for proofing.”

28. Thank you!
From linear to exponential thinking
Accelerated Finance
Tapp Commerce
Sami Leino, Director of Business Development