SlideShare a Scribd company logo
Google = Bank Of The Future;
Future Of The Bank = ?
Digital (R)Evolution In The Financial Services Industry
Alexis Eisenhofer, financial.com - Thomson Reuters, 21 January 2015
“Banking Is No Longer Somewhere You Go, But Something You Do.” (Brett King)
“Banking Is Essential, Banks Are Not.” (Bill Gates)
Google = Bank Of The Future; Future Of The Bank = ?
The “New World” In 2015
Digital Business Models Aim At A Disintermediation Of
The “Man In The Middle”
➢ Producers (brands) and consumers interact directly
➢ "Prosumer": customers influence product design
➢ "Non-physical production" (the core business model of a bank) is ideal for
digital strategies
➢ Innovation in banks has been limited to financial instruments (financial
engineering)
➢ Retail banks in Europe only have 20-40% of their processes digitized (McKinsey,
October 2013)
More And More Customers Expect Changes In Banks
➢ Generations X (1964-1979) and Y (1980-1995) reach the age for wealth creation;
"Millennials" (from 2000) do not want consultation
➢ Millennial Disruption Index: "Banking is at the highest risk of disruption."
(71% would rather go to the dentist than to the bank)
➢ Rising equity markets with no risk-free investment opportunity
➢ "Paradox of choice": Too much supply reduces the total demand
➢ "Disenchantment" of financial advisors by two crises; Bad image of banks
New Technologies Offer Numerous Opportunities
➢ Big data: volume, variety, velocity, veracity
➢ Access: anyone, anything, anytime, anywhere, any device
➢ Social media (Collaboration and sharing)
➢ Technologies disrupt industries faster than ever
(Skype, Uber, WhatsApp, Spotify, YouTube, Google Maps, Digicams etc.)
➢ One million users in 9 years / months / days: AOL / Facebook / Draw Something
➢ $ 3 billion in Venture Capital for Fintechs in 2013 (2008: $ 930 million) is still
small compared to total bank IT costs ($ 485 billion) - but growing fast
Signs Of A Tsunami Are Already Visible
➢ Productivity ratios of retail branches have been deteriorating for a long time
➢ Lower barriers to the provision of financial services
➢ Rising acquisition costs ($ 350 for checking account, $ 2500 for mortgage)
➢ Advertising campaigns are less efficient (declining conversion due to
multichannel sales)
➢ Tsunami: Number of taxis in San Francisco dropped by -65% in a single year
(due to Uber.com)
➢ Accenture expects 30% sales decline in banks by 2020 due to new competitors
(September 2014)
Attacks On Institutional Investment
And Investment Banking
➢ Platform for structured
data
➢ All major sources (FRED,
ECB, etc.)
➢ Ongoing updates
Quandl.com: 10 Million Free Time Series Of Financial Data
(Download, API, Excel & Plotly)
Plot.ly: Free Graphical Data Analysis
➢ Almost as powerful as
programming language
R
➢ Sharing & Collaboration
➢ Numerous import /
export formats
Quantopian.com: Free Algorithmic Trading Community With
Live Backtesting / Valuation Of Complex Structures
➢ Source code and risk
ratios available
➢ Community of highly
specialized
professionals
➢ Business model: Seed
funding of hedge funds
for top users with a
revenue share
Rizm.equametrics.com: Drag And Drop Algo Builder & Paper
Trading
➢ No programming
experience required
➢ Backtesting & Paper
Trading
➢ Financing of the
platform through
introducing broker fees
(IB, FXCM)
Estimize.com: Crowdsourced Estimates (4,500+ Analysts)
➢ Wisdom of the crowd
(without sell side bias);
Better results than Wall
Street analysis
➢ Numerous rankings,
alerts, calendars
➢ Social Media Features
SeekingAlpha.com: Peer Group Blog For Equity Research With
More Than 7,000 Authors
➢ Excellent quality due to
intensive discussions
➢ Disclosure of new, non-
public facts
➢ Free Transcripts of all
earnings calls
No One Could Predict Quotes Better Than Google
➢ 90% of all purchases
start with a search (70%
thereof Google
searches)
➢ Already public search
results allow
outperformance
➢ Eric Schmidt (Chairman)
has implemented a
code of conduct for not
forecasting the stock
market
LimeBrokerage.com - Sub Millisecond Execution & Clearing
(880 ns Market Data); 20% Of US Equities Volume
➢ "Discount broker" for
algos
➢ Order execution much
faster than "normal"
brokers
➢ Extensive market data
(Level 2)
Attacks On Payment Systems And
Savings Deposits
Paypal Handles A Quarter Of The World's Online Shopping -
148 Million Customers Are Numerically "Germany Plus France"
➢ After 7 years Paypal has
more online accounts
than all savings banks in
Germany
➢ eCommerce doubled in
5 years at 14% market
share - with accelerated
growth
➢ Possible spin-off of Ebay
brings further growth
for Paypal
Alipay Is Already The Largest Provider Of Fixed-Term Deposits
In China (6.3% Instead Of 3.25% For State Banks)
➢ Payment processors
start with deposits
➢ Currently the only bank
in China with a positive
real interest rate
➢ Alipay has better image
than state-owned banks
TransferWise.com: Extremely Cheap International Transfers -
"Money Without Borders"
➢ International transfer is
the honey pot of bank
charges
➢ Banks charge high fees
even within a single
currency area (e.g.
Eurozone)
➢ Share price of Western
Union has been falling
for years
Facebook And MoneyGram: Bank Transfer From The US To
Over 200 Countries Via "PicomoPay" App
➢ 25% of all clicks in the
USA on Facebook
➢ 73% of Millennials want
payment function of
Facebook (Millennial
Disruption Index)
➢ Not a "chicken and egg"
problem (network
effect)
Mint.com: Personal Financial Management Service With Multi-
Account Aggregation (198 Mln Accounts In US / Canada)
➢ Personal financial
planning with savings
recommendations by
peer group
comparisons
➢ Financing through
commissions from
selling long-term
contracts
➢ Founded in 2006, taken
over in 2009 by Intuit
(170 million USD)
Social Banking "Kaching" Of Australian Commonwealth Bank
➢ Mobile Payment via
Facebook / E-Mail / SMS
➢ Complete integration
into the timeline of
friends
➢ Push Notifications for
payments
Attacks On
Lending And Project Finance
Lendingclub.com: Peer-To-Peer Lending ("Social Lending")
➢ Peer-to-peer lending,
the world's largest
crowd lending platform
➢ Google hold 8% stake,
IPO in Q4/2014, market
capitalization USD 9.5
bln
➢ Risk management
through pre-selection of
loan applications (only
the top 10%) and
diversification
Crowdfunding Is Growing At Double-Digit Annual Growth Rates
➢ Even large projects are
financed
➢ The video game "Star
Citizen" collected 55.5
million USD on the
platform Kickstarter in
2012
➢ Crowdfunding is often
used for social projects
Lightfin.de: Private Placement To Qualified Investors
➢ Institutional investors
are pushing into
banking
➢ Platforms bring credit
requests without sales
force
➢ Often ratings are
provided (eg White
Label Moody's)
Kreditech.com: Big Data For Credit Scoring
➢ Fully automated rating
of 15,000 data points
➢ Social graph, browsing
behavior and GPS data
to explain the bulk of
creditworthiness
➢ Forecasting accuracy
better than with
traditional models
Wonga.com: Short-Term Consumer Loans Up To £ 400 In 5
Minutes
➢ Standardized detection
of small consumer
loans
➢ Credit statement in less
than 5 minutes
➢ Improving efficiency
compared to traditional
retail banking
Attacks on Asset Management and
Brokerage
Vaamo.de: Asset Management For Everybody -
"Transparent. Simple. Profitable. "
➢ Simplicity as a key
product feature
➢ Customization through
"self-counseling" via
sliders
➢ Cost advantages
through index funds
Wealthfront.com: ETF-based, Commission-Free Asset
Management (AuM $ 1 Bln In 30 months)
➢ International market
leader with 1.8 million
visits per month
➢ 3-digit annual growth
rates
➢ Far stronger growth
than Charles Schwab in
their early stage (Direct
Brokerage)
Etoro.com: Social Trading - "Friends" Replace Bank
Advisors
➢ The world's leading
Copy-Trading platform
➢ Nearly 130 million
trades since 2007 (with
continued strong
growth)
➢ Comdirect (German
market leader): 5 million
trades / quarter
➢ Leading Community for
Active Traders for
Charting Analysis
➢ Sharing of chart
patterns via HTML5 Tool
➢ Subscription Fee for
Real Time Data
Tradingview.com: Community Of "Active Traders" For
Technical Analysis
Strategies For Defense
Open Architectures, Collaborations And An Innovative
Organizational Structure
➢ Open architecture: flexibility and network effects
("If you can’t beat them, join them.")
➢ Software-as-a-Service: Continuous improvements through clickstream analysis
➢ Cooperation: V.me by Visa provides white label online payment processing
➢ Outsourcing of software development to small flexible partners (no
cannibalization, new thinking, no legacy systems)
➢ Takeover of Fintechs (Problem: Valuations up to several billion USD)
➢ Promotion of Digital Natives to the Board of Directors (only 9 out of 206 DAX
supervisory board members with obvious IT background, Handelsblatt 2014)
Social Graph, Peer Group Data, And (Location-Based)
Contextualization
➢ Consistent use of the social graph (Facebook, XING, LinkedIn)
➢ Similarity analysis, eg “Customers who have a similar profile bought these
securities."
➢ Value-added services: Cost savings by changing providers (Peer group
information)
➢ Framing concepts ("40-year-old father" etc.)
➢ Right time and right context (Location-based data)
Design, Integration And Differentiation
➢ Design is a key success factor of applications / products (eg iPhone, Nespresso)
➢ "Mobile First": "Less is more" when designing surfaces
➢ Gamification: Use of game mechanics in non-game contexts to engage users
➢ Financial products are seen as commodities by retail customers; distinction to
the competition is key
➢ Paid content can not be accessed through an aggregator like Google
➢ Higher "customer ownership costs": Free content offerings require investments
in added value
➢ Significantly lower distribution costs of paid content
Paid Content And Customer Ownership Costs
Thank You For Your Attention!
“You must unlearn what you have learned...” (Yoda)
de.linkedin.com/in/eisenhofer
xing.com/profile/Alexis_Eisenhofer
twitter.com/eisenhofer
plus.google.com/u/0/+AlexisEisenhofer
slideshare.net/Eisenhofer
youtube.com/user/aeisenhofer
alexis.eisenhofer@financial.com

More Related Content

What's hot

Banking Disruption in Financial Services: Threats and Opportunities
Banking Disruption in Financial Services: Threats and OpportunitiesBanking Disruption in Financial Services: Threats and Opportunities
Banking Disruption in Financial Services: Threats and Opportunities
DogTelligent
 
Auto Digital Transformation CBA Live 2016
Auto Digital Transformation CBA Live 2016Auto Digital Transformation CBA Live 2016
Auto Digital Transformation CBA Live 2016
Kristin Herring
 
Mit cc turn into action - digital strategies banking v march2012-
Mit cc turn into action - digital strategies banking v march2012-Mit cc turn into action - digital strategies banking v march2012-
Mit cc turn into action - digital strategies banking v march2012-
Claire Calmejane
 
Understanding Electronic Commerce
Understanding Electronic CommerceUnderstanding Electronic Commerce
Understanding Electronic Commerce
Tyler Hannan
 
The Digital Banking Revolution webinar by Luigi Wewege
The Digital Banking Revolution webinar by Luigi WewegeThe Digital Banking Revolution webinar by Luigi Wewege
The Digital Banking Revolution webinar by Luigi Wewege
Luigi Wewege
 
Financial Services Digital Disruption – Trends & Innovations
Financial Services Digital Disruption – Trends & InnovationsFinancial Services Digital Disruption – Trends & Innovations
Financial Services Digital Disruption – Trends & Innovations
Carmelon Digital Marketing
 
Evolution of Digital Bank 4.0
Evolution of Digital Bank 4.0Evolution of Digital Bank 4.0
Evolution of Digital Bank 4.0
Connected Futures
 
WTF is the "fintech bank"?
WTF is the "fintech bank"?WTF is the "fintech bank"?
WTF is the "fintech bank"?
Vladislav Solodkiy
 
The Changing Payments Landscape
The Changing Payments LandscapeThe Changing Payments Landscape
The Changing Payments Landscape
Credit Management Association
 
Digital In Banking - Summary Trends - Virginia Bankers Association - March 2015
Digital In Banking - Summary Trends - Virginia Bankers Association - March 2015Digital In Banking - Summary Trends - Virginia Bankers Association - March 2015
Digital In Banking - Summary Trends - Virginia Bankers Association - March 2015
Kenneth Hans
 
Unleashing the o2 o business when the local mobile payment services are takin...
Unleashing the o2 o business when the local mobile payment services are takin...Unleashing the o2 o business when the local mobile payment services are takin...
Unleashing the o2 o business when the local mobile payment services are takin...
Emil Chan
 
Innovations on Banking - Digital Banking Security in the Age of Open Banking
Innovations on Banking - Digital Banking Security in the Age of Open BankingInnovations on Banking - Digital Banking Security in the Age of Open Banking
Innovations on Banking - Digital Banking Security in the Age of Open Banking
Petr Dvorak
 
10 Key Trends From the Banking Trenches
10 Key Trends From the Banking Trenches10 Key Trends From the Banking Trenches
10 Key Trends From the Banking Trenches
Backbase
 
Designing the future bank for the digital era
Designing the future bank for the digital eraDesigning the future bank for the digital era
Designing the future bank for the digital era
Pol Navarro
 
Digital Banking - Industry Trends for Customer Service
Digital Banking - Industry Trends for Customer ServiceDigital Banking - Industry Trends for Customer Service
Digital Banking - Industry Trends for Customer Service
Gianluca Ferranti
 
Great Banking Experience by Service Design - Banks vs. FinTechs
Great Banking Experience by Service Design - Banks vs. FinTechsGreat Banking Experience by Service Design - Banks vs. FinTechs
Great Banking Experience by Service Design - Banks vs. FinTechs
Christian Graf
 
Digital banking trends 2014
Digital banking trends 2014Digital banking trends 2014
Digital banking trends 2014
Laurent Haug
 
Innovation in financial services
Innovation in financial servicesInnovation in financial services
Innovation in financial services
Davinci
 
World of digital banking v 2.0
World of digital banking v 2.0World of digital banking v 2.0
World of digital banking v 2.0
Muthu Siva
 
"Smart Banking- Real Time Driven at Number26", Christian Rebernik, CTO at Num...
"Smart Banking- Real Time Driven at Number26", Christian Rebernik, CTO at Num..."Smart Banking- Real Time Driven at Number26", Christian Rebernik, CTO at Num...
"Smart Banking- Real Time Driven at Number26", Christian Rebernik, CTO at Num...
Dataconomy Media
 

What's hot (20)

Banking Disruption in Financial Services: Threats and Opportunities
Banking Disruption in Financial Services: Threats and OpportunitiesBanking Disruption in Financial Services: Threats and Opportunities
Banking Disruption in Financial Services: Threats and Opportunities
 
Auto Digital Transformation CBA Live 2016
Auto Digital Transformation CBA Live 2016Auto Digital Transformation CBA Live 2016
Auto Digital Transformation CBA Live 2016
 
Mit cc turn into action - digital strategies banking v march2012-
Mit cc turn into action - digital strategies banking v march2012-Mit cc turn into action - digital strategies banking v march2012-
Mit cc turn into action - digital strategies banking v march2012-
 
Understanding Electronic Commerce
Understanding Electronic CommerceUnderstanding Electronic Commerce
Understanding Electronic Commerce
 
The Digital Banking Revolution webinar by Luigi Wewege
The Digital Banking Revolution webinar by Luigi WewegeThe Digital Banking Revolution webinar by Luigi Wewege
The Digital Banking Revolution webinar by Luigi Wewege
 
Financial Services Digital Disruption – Trends & Innovations
Financial Services Digital Disruption – Trends & InnovationsFinancial Services Digital Disruption – Trends & Innovations
Financial Services Digital Disruption – Trends & Innovations
 
Evolution of Digital Bank 4.0
Evolution of Digital Bank 4.0Evolution of Digital Bank 4.0
Evolution of Digital Bank 4.0
 
WTF is the "fintech bank"?
WTF is the "fintech bank"?WTF is the "fintech bank"?
WTF is the "fintech bank"?
 
The Changing Payments Landscape
The Changing Payments LandscapeThe Changing Payments Landscape
The Changing Payments Landscape
 
Digital In Banking - Summary Trends - Virginia Bankers Association - March 2015
Digital In Banking - Summary Trends - Virginia Bankers Association - March 2015Digital In Banking - Summary Trends - Virginia Bankers Association - March 2015
Digital In Banking - Summary Trends - Virginia Bankers Association - March 2015
 
Unleashing the o2 o business when the local mobile payment services are takin...
Unleashing the o2 o business when the local mobile payment services are takin...Unleashing the o2 o business when the local mobile payment services are takin...
Unleashing the o2 o business when the local mobile payment services are takin...
 
Innovations on Banking - Digital Banking Security in the Age of Open Banking
Innovations on Banking - Digital Banking Security in the Age of Open BankingInnovations on Banking - Digital Banking Security in the Age of Open Banking
Innovations on Banking - Digital Banking Security in the Age of Open Banking
 
10 Key Trends From the Banking Trenches
10 Key Trends From the Banking Trenches10 Key Trends From the Banking Trenches
10 Key Trends From the Banking Trenches
 
Designing the future bank for the digital era
Designing the future bank for the digital eraDesigning the future bank for the digital era
Designing the future bank for the digital era
 
Digital Banking - Industry Trends for Customer Service
Digital Banking - Industry Trends for Customer ServiceDigital Banking - Industry Trends for Customer Service
Digital Banking - Industry Trends for Customer Service
 
Great Banking Experience by Service Design - Banks vs. FinTechs
Great Banking Experience by Service Design - Banks vs. FinTechsGreat Banking Experience by Service Design - Banks vs. FinTechs
Great Banking Experience by Service Design - Banks vs. FinTechs
 
Digital banking trends 2014
Digital banking trends 2014Digital banking trends 2014
Digital banking trends 2014
 
Innovation in financial services
Innovation in financial servicesInnovation in financial services
Innovation in financial services
 
World of digital banking v 2.0
World of digital banking v 2.0World of digital banking v 2.0
World of digital banking v 2.0
 
"Smart Banking- Real Time Driven at Number26", Christian Rebernik, CTO at Num...
"Smart Banking- Real Time Driven at Number26", Christian Rebernik, CTO at Num..."Smart Banking- Real Time Driven at Number26", Christian Rebernik, CTO at Num...
"Smart Banking- Real Time Driven at Number26", Christian Rebernik, CTO at Num...
 

Viewers also liked

Digital Bank: What and How
Digital Bank: What and HowDigital Bank: What and How
Digital Bank: What and How
Ivano Digital
 
Digital Banking Strategy Roadmap - 3.24.15
Digital Banking Strategy Roadmap - 3.24.15Digital Banking Strategy Roadmap - 3.24.15
Digital Banking Strategy Roadmap - 3.24.15
Calvin Turner
 
Financial-As-A-Service: Die Zukunft von Finanzinstituten im Zeitalter der dig...
Financial-As-A-Service: Die Zukunft von Finanzinstituten im Zeitalter der dig...Financial-As-A-Service: Die Zukunft von Finanzinstituten im Zeitalter der dig...
Financial-As-A-Service: Die Zukunft von Finanzinstituten im Zeitalter der dig...
Alexis Eisenhofer
 
Financial-As-A-Service: Veränderungen der Finanzindustrie durch FinTech
Financial-As-A-Service: Veränderungen der Finanzindustrie durch FinTechFinancial-As-A-Service: Veränderungen der Finanzindustrie durch FinTech
Financial-As-A-Service: Veränderungen der Finanzindustrie durch FinTech
Alexis Eisenhofer
 
Hallo, Herr Kaiser? Vom analogen Finanzberater zum digitalen Robo Sapiens
Hallo, Herr Kaiser? Vom analogen Finanzberater zum digitalen Robo SapiensHallo, Herr Kaiser? Vom analogen Finanzberater zum digitalen Robo Sapiens
Hallo, Herr Kaiser? Vom analogen Finanzberater zum digitalen Robo Sapiens
Alexis Eisenhofer
 
Fintech - Wenn Maschinen die Banken übernehmen
Fintech - Wenn Maschinen die Banken übernehmenFintech - Wenn Maschinen die Banken übernehmen
Fintech - Wenn Maschinen die Banken übernehmen
Alexis Eisenhofer
 
Bank: Trends, Tech and Future
Bank: Trends, Tech and FutureBank: Trends, Tech and Future
Bank: Trends, Tech and Future
Ivano Digital
 
How Digital Has Changed These 7 Banking Roles
How Digital Has Changed These 7 Banking RolesHow Digital Has Changed These 7 Banking Roles
How Digital Has Changed These 7 Banking Roles
MX
 
Fintech - Digitale (R)Evolution in der Finanzbranche
Fintech - Digitale (R)Evolution in der FinanzbrancheFintech - Digitale (R)Evolution in der Finanzbranche
Fintech - Digitale (R)Evolution in der Finanzbranche
Alexis Eisenhofer
 
Angriff der Fintechs?
Angriff der Fintechs?Angriff der Fintechs?
Angriff der Fintechs?
Alexis Eisenhofer
 
Digital Bank, May 2014
Digital Bank, May 2014Digital Bank, May 2014
Digital Bank, May 2014
Chris Skinner
 
2016 Banking Trends
2016 Banking Trends2016 Banking Trends
2016 Banking Trends
MX
 
Bank to the Future
Bank to the FutureBank to the Future
Bank to the Future
Good Rebels
 
Banking on Digital: Generating Value from Digital Investments
Banking on Digital: Generating Value from Digital InvestmentsBanking on Digital: Generating Value from Digital Investments
Banking on Digital: Generating Value from Digital Investments
accenture
 
Disruption in Digital Banking
Disruption in Digital BankingDisruption in Digital Banking
Disruption in Digital Banking
Backbase
 
FinTech Industry Report 2016
FinTech Industry Report 2016FinTech Industry Report 2016
FinTech Industry Report 2016
Bernard Moon
 
The next 10 years in Fintech
The next 10 years in Fintech The next 10 years in Fintech
The next 10 years in Fintech
Kantox
 
The next 10 years in FinTech by Philippe Gelis from Kantox
The next 10 years in FinTech by Philippe Gelis from KantoxThe next 10 years in FinTech by Philippe Gelis from Kantox
The next 10 years in FinTech by Philippe Gelis from Kantox
TheFamily
 
What banks will have to work on in the next years
What banks will have to work on in the next yearsWhat banks will have to work on in the next years
What banks will have to work on in the next years
Stefan F. Dieffenbacher
 

Viewers also liked (20)

Digital Bank: What and How
Digital Bank: What and HowDigital Bank: What and How
Digital Bank: What and How
 
Digital Banking Strategy Roadmap - 3.24.15
Digital Banking Strategy Roadmap - 3.24.15Digital Banking Strategy Roadmap - 3.24.15
Digital Banking Strategy Roadmap - 3.24.15
 
Financial-As-A-Service: Die Zukunft von Finanzinstituten im Zeitalter der dig...
Financial-As-A-Service: Die Zukunft von Finanzinstituten im Zeitalter der dig...Financial-As-A-Service: Die Zukunft von Finanzinstituten im Zeitalter der dig...
Financial-As-A-Service: Die Zukunft von Finanzinstituten im Zeitalter der dig...
 
Financial-As-A-Service: Veränderungen der Finanzindustrie durch FinTech
Financial-As-A-Service: Veränderungen der Finanzindustrie durch FinTechFinancial-As-A-Service: Veränderungen der Finanzindustrie durch FinTech
Financial-As-A-Service: Veränderungen der Finanzindustrie durch FinTech
 
Hallo, Herr Kaiser? Vom analogen Finanzberater zum digitalen Robo Sapiens
Hallo, Herr Kaiser? Vom analogen Finanzberater zum digitalen Robo SapiensHallo, Herr Kaiser? Vom analogen Finanzberater zum digitalen Robo Sapiens
Hallo, Herr Kaiser? Vom analogen Finanzberater zum digitalen Robo Sapiens
 
Fintech - Wenn Maschinen die Banken übernehmen
Fintech - Wenn Maschinen die Banken übernehmenFintech - Wenn Maschinen die Banken übernehmen
Fintech - Wenn Maschinen die Banken übernehmen
 
Bank: Trends, Tech and Future
Bank: Trends, Tech and FutureBank: Trends, Tech and Future
Bank: Trends, Tech and Future
 
How Digital Has Changed These 7 Banking Roles
How Digital Has Changed These 7 Banking RolesHow Digital Has Changed These 7 Banking Roles
How Digital Has Changed These 7 Banking Roles
 
Zukunft der Banken
Zukunft der BankenZukunft der Banken
Zukunft der Banken
 
Fintech - Digitale (R)Evolution in der Finanzbranche
Fintech - Digitale (R)Evolution in der FinanzbrancheFintech - Digitale (R)Evolution in der Finanzbranche
Fintech - Digitale (R)Evolution in der Finanzbranche
 
Angriff der Fintechs?
Angriff der Fintechs?Angriff der Fintechs?
Angriff der Fintechs?
 
Digital Bank, May 2014
Digital Bank, May 2014Digital Bank, May 2014
Digital Bank, May 2014
 
2016 Banking Trends
2016 Banking Trends2016 Banking Trends
2016 Banking Trends
 
Bank to the Future
Bank to the FutureBank to the Future
Bank to the Future
 
Banking on Digital: Generating Value from Digital Investments
Banking on Digital: Generating Value from Digital InvestmentsBanking on Digital: Generating Value from Digital Investments
Banking on Digital: Generating Value from Digital Investments
 
Disruption in Digital Banking
Disruption in Digital BankingDisruption in Digital Banking
Disruption in Digital Banking
 
FinTech Industry Report 2016
FinTech Industry Report 2016FinTech Industry Report 2016
FinTech Industry Report 2016
 
The next 10 years in Fintech
The next 10 years in Fintech The next 10 years in Fintech
The next 10 years in Fintech
 
The next 10 years in FinTech by Philippe Gelis from Kantox
The next 10 years in FinTech by Philippe Gelis from KantoxThe next 10 years in FinTech by Philippe Gelis from Kantox
The next 10 years in FinTech by Philippe Gelis from Kantox
 
What banks will have to work on in the next years
What banks will have to work on in the next yearsWhat banks will have to work on in the next years
What banks will have to work on in the next years
 

Similar to Google = Bank Of The Future; Future Of The Bank = ?

Nubank Pitch Deck-final.pdf
Nubank Pitch Deck-final.pdfNubank Pitch Deck-final.pdf
Nubank Pitch Deck-final.pdf
PedroRagazzoPaiva
 
Finch Capital predictions 2017
Finch Capital predictions 2017Finch Capital predictions 2017
Finch Capital predictions 2017
Radboud Vlaar
 
1. FINTECH Course NMIMS - CONTEXT (Guest Lecture by NIRAJ VAIDYA)
1. FINTECH Course NMIMS - CONTEXT (Guest Lecture by NIRAJ VAIDYA)1. FINTECH Course NMIMS - CONTEXT (Guest Lecture by NIRAJ VAIDYA)
1. FINTECH Course NMIMS - CONTEXT (Guest Lecture by NIRAJ VAIDYA)
Niraj Vaidya
 
Mobile Wars: Fintech vs. Banks... and Big Tech in Ambush
Mobile Wars: Fintech vs. Banks... and Big Tech in AmbushMobile Wars: Fintech vs. Banks... and Big Tech in Ambush
Mobile Wars: Fintech vs. Banks... and Big Tech in Ambush
Katia Bazzocchi
 
RFIX1
RFIX1RFIX1
Presentatie Betalingscongres 2016 IDIN introductie
Presentatie Betalingscongres 2016 IDIN introductiePresentatie Betalingscongres 2016 IDIN introductie
Presentatie Betalingscongres 2016 IDIN introductie
Vincent Everts
 
Κωστής Χλουβεράκης, 2nd Hellenic Innovation Forum
Κωστής Χλουβεράκης, 2nd Hellenic Innovation ForumΚωστής Χλουβεράκης, 2nd Hellenic Innovation Forum
Κωστής Χλουβεράκης, 2nd Hellenic Innovation Forum
Starttech Ventures
 
ce-digital-banking-maturity-study-emea.pdf
ce-digital-banking-maturity-study-emea.pdfce-digital-banking-maturity-study-emea.pdf
ce-digital-banking-maturity-study-emea.pdf
AnuradhaTulsyan1
 
Start up nation central fintech industry report 2018
Start up nation central fintech industry report 2018Start up nation central fintech industry report 2018
Start up nation central fintech industry report 2018
Paperjam_redaction
 
Opportunities in China's Startup Ecosystem
Opportunities in China's Startup EcosystemOpportunities in China's Startup Ecosystem
Opportunities in China's Startup Ecosystem
ZhenFund
 
Opportunities in China's Startup Ecosystem
Opportunities in China's Startup EcosystemOpportunities in China's Startup Ecosystem
Opportunities in China's Startup Ecosystem
Casey Lau
 
Can Financial Institutions be the next Digital Masters? Capgemini says YES
Can Financial Institutions be the next Digital Masters? Capgemini says YESCan Financial Institutions be the next Digital Masters? Capgemini says YES
Can Financial Institutions be the next Digital Masters? Capgemini says YES
Capgemini
 
Internet trends report 2018
Internet trends report 2018 Internet trends report 2018
Internet trends report 2018
Steve Silver
 
Mary Meeker Internet Trends Report 2018
Mary Meeker Internet Trends Report 2018Mary Meeker Internet Trends Report 2018
Mary Meeker Internet Trends Report 2018
Harsha MV
 
Global Internet trends-report-2018
Global Internet trends-report-2018Global Internet trends-report-2018
Global Internet trends-report-2018
Paulo Ratinecas
 
Internet trends report_2018
Internet trends report_2018Internet trends report_2018
Internet trends report_2018
Vladimir Mirolubow
 
Internet Trends Report 2018 - KPCB - Mary Meeker - #CodeCon
Internet Trends Report 2018 - KPCB - Mary Meeker - #CodeConInternet Trends Report 2018 - KPCB - Mary Meeker - #CodeCon
Internet Trends Report 2018 - KPCB - Mary Meeker - #CodeCon
Ian Gertler
 
TechCrunch - Mary Meeker 2018 Internet Trends Report
TechCrunch - Mary Meeker 2018 Internet Trends ReportTechCrunch - Mary Meeker 2018 Internet Trends Report
TechCrunch - Mary Meeker 2018 Internet Trends Report
YoungUk Seung
 
GlobalresearchEssays
GlobalresearchEssaysGlobalresearchEssays
GlobalresearchEssays
Aleks Kell
 
Mary Meeker Internet trends report_2018
Mary Meeker Internet trends report_2018Mary Meeker Internet trends report_2018
Mary Meeker Internet trends report_2018
WesleyMann2
 

Similar to Google = Bank Of The Future; Future Of The Bank = ? (20)

Nubank Pitch Deck-final.pdf
Nubank Pitch Deck-final.pdfNubank Pitch Deck-final.pdf
Nubank Pitch Deck-final.pdf
 
Finch Capital predictions 2017
Finch Capital predictions 2017Finch Capital predictions 2017
Finch Capital predictions 2017
 
1. FINTECH Course NMIMS - CONTEXT (Guest Lecture by NIRAJ VAIDYA)
1. FINTECH Course NMIMS - CONTEXT (Guest Lecture by NIRAJ VAIDYA)1. FINTECH Course NMIMS - CONTEXT (Guest Lecture by NIRAJ VAIDYA)
1. FINTECH Course NMIMS - CONTEXT (Guest Lecture by NIRAJ VAIDYA)
 
Mobile Wars: Fintech vs. Banks... and Big Tech in Ambush
Mobile Wars: Fintech vs. Banks... and Big Tech in AmbushMobile Wars: Fintech vs. Banks... and Big Tech in Ambush
Mobile Wars: Fintech vs. Banks... and Big Tech in Ambush
 
RFIX1
RFIX1RFIX1
RFIX1
 
Presentatie Betalingscongres 2016 IDIN introductie
Presentatie Betalingscongres 2016 IDIN introductiePresentatie Betalingscongres 2016 IDIN introductie
Presentatie Betalingscongres 2016 IDIN introductie
 
Κωστής Χλουβεράκης, 2nd Hellenic Innovation Forum
Κωστής Χλουβεράκης, 2nd Hellenic Innovation ForumΚωστής Χλουβεράκης, 2nd Hellenic Innovation Forum
Κωστής Χλουβεράκης, 2nd Hellenic Innovation Forum
 
ce-digital-banking-maturity-study-emea.pdf
ce-digital-banking-maturity-study-emea.pdfce-digital-banking-maturity-study-emea.pdf
ce-digital-banking-maturity-study-emea.pdf
 
Start up nation central fintech industry report 2018
Start up nation central fintech industry report 2018Start up nation central fintech industry report 2018
Start up nation central fintech industry report 2018
 
Opportunities in China's Startup Ecosystem
Opportunities in China's Startup EcosystemOpportunities in China's Startup Ecosystem
Opportunities in China's Startup Ecosystem
 
Opportunities in China's Startup Ecosystem
Opportunities in China's Startup EcosystemOpportunities in China's Startup Ecosystem
Opportunities in China's Startup Ecosystem
 
Can Financial Institutions be the next Digital Masters? Capgemini says YES
Can Financial Institutions be the next Digital Masters? Capgemini says YESCan Financial Institutions be the next Digital Masters? Capgemini says YES
Can Financial Institutions be the next Digital Masters? Capgemini says YES
 
Internet trends report 2018
Internet trends report 2018 Internet trends report 2018
Internet trends report 2018
 
Mary Meeker Internet Trends Report 2018
Mary Meeker Internet Trends Report 2018Mary Meeker Internet Trends Report 2018
Mary Meeker Internet Trends Report 2018
 
Global Internet trends-report-2018
Global Internet trends-report-2018Global Internet trends-report-2018
Global Internet trends-report-2018
 
Internet trends report_2018
Internet trends report_2018Internet trends report_2018
Internet trends report_2018
 
Internet Trends Report 2018 - KPCB - Mary Meeker - #CodeCon
Internet Trends Report 2018 - KPCB - Mary Meeker - #CodeConInternet Trends Report 2018 - KPCB - Mary Meeker - #CodeCon
Internet Trends Report 2018 - KPCB - Mary Meeker - #CodeCon
 
TechCrunch - Mary Meeker 2018 Internet Trends Report
TechCrunch - Mary Meeker 2018 Internet Trends ReportTechCrunch - Mary Meeker 2018 Internet Trends Report
TechCrunch - Mary Meeker 2018 Internet Trends Report
 
GlobalresearchEssays
GlobalresearchEssaysGlobalresearchEssays
GlobalresearchEssays
 
Mary Meeker Internet trends report_2018
Mary Meeker Internet trends report_2018Mary Meeker Internet trends report_2018
Mary Meeker Internet trends report_2018
 

More from Alexis Eisenhofer

FinTech - Die digitale Transformation von Finanzdienstleistungen
FinTech - Die digitale Transformation von FinanzdienstleistungenFinTech - Die digitale Transformation von Finanzdienstleistungen
FinTech - Die digitale Transformation von Finanzdienstleistungen
Alexis Eisenhofer
 
Überrendite - Was funktioniert (noch) und warum?
Überrendite - Was funktioniert (noch) und warum?Überrendite - Was funktioniert (noch) und warum?
Überrendite - Was funktioniert (noch) und warum?
Alexis Eisenhofer
 
Unkonventionelle Geldpolitik - Strategien im Kampf gegen Stagnation
Unkonventionelle Geldpolitik - Strategien im Kampf gegen StagnationUnkonventionelle Geldpolitik - Strategien im Kampf gegen Stagnation
Unkonventionelle Geldpolitik - Strategien im Kampf gegen Stagnation
Alexis Eisenhofer
 
Nullzinsen, Negativzinsen, Strafzinsen: Die Kapitalanlage der Versicherungswi...
Nullzinsen, Negativzinsen, Strafzinsen: Die Kapitalanlage der Versicherungswi...Nullzinsen, Negativzinsen, Strafzinsen: Die Kapitalanlage der Versicherungswi...
Nullzinsen, Negativzinsen, Strafzinsen: Die Kapitalanlage der Versicherungswi...
Alexis Eisenhofer
 
Makroökonomische Trends in Zeiten extremer Geldmarktpolitik
Makroökonomische Trends in Zeiten extremer GeldmarktpolitikMakroökonomische Trends in Zeiten extremer Geldmarktpolitik
Makroökonomische Trends in Zeiten extremer Geldmarktpolitik
Alexis Eisenhofer
 
Negativzinsen, die geldpolitische Erziehung zur Ungeduld?
Negativzinsen, die geldpolitische Erziehung zur Ungeduld?Negativzinsen, die geldpolitische Erziehung zur Ungeduld?
Negativzinsen, die geldpolitische Erziehung zur Ungeduld?
Alexis Eisenhofer
 
Eine wissenschaftliche Analyse zur Performance von Healthcare-Aktien
Eine wissenschaftliche Analyse zur Performance von Healthcare-AktienEine wissenschaftliche Analyse zur Performance von Healthcare-Aktien
Eine wissenschaftliche Analyse zur Performance von Healthcare-Aktien
Alexis Eisenhofer
 
Demografische Dividende oder Nullwachstum? Die wirtschaftlichen Folgen des de...
Demografische Dividende oder Nullwachstum? Die wirtschaftlichen Folgen des de...Demografische Dividende oder Nullwachstum? Die wirtschaftlichen Folgen des de...
Demografische Dividende oder Nullwachstum? Die wirtschaftlichen Folgen des de...
Alexis Eisenhofer
 
9. XING Kapitalmarkt Kolloquium - Intro
9. XING Kapitalmarkt Kolloquium - Intro9. XING Kapitalmarkt Kolloquium - Intro
9. XING Kapitalmarkt Kolloquium - Intro
Alexis Eisenhofer
 
8. XING Kapitalmarkt Kolloquium - Intro
8. XING Kapitalmarkt Kolloquium - Intro8. XING Kapitalmarkt Kolloquium - Intro
8. XING Kapitalmarkt Kolloquium - Intro
Alexis Eisenhofer
 
Berkshire Hathaway: Buffett's Alpha
Berkshire Hathaway: Buffett's AlphaBerkshire Hathaway: Buffett's Alpha
Berkshire Hathaway: Buffett's Alpha
Alexis Eisenhofer
 
Münchner Finance Forum - Intro 23. Kaminabend
Münchner Finance Forum - Intro 23. KaminabendMünchner Finance Forum - Intro 23. Kaminabend
Münchner Finance Forum - Intro 23. Kaminabend
Alexis Eisenhofer
 
Fintech - Digitale (R)Evolution in der Finanzbranche
Fintech - Digitale (R)Evolution in der FinanzbrancheFintech - Digitale (R)Evolution in der Finanzbranche
Fintech - Digitale (R)Evolution in der Finanzbranche
Alexis Eisenhofer
 
“Fintech”: Neuordnung der Finanzbranche durch Digitalisierung
“Fintech”: Neuordnung der Finanzbranche durch Digitalisierung“Fintech”: Neuordnung der Finanzbranche durch Digitalisierung
“Fintech”: Neuordnung der Finanzbranche durch Digitalisierung
Alexis Eisenhofer
 
Niedrigzins, Hochfrequenzhandel und Finanzsystem in der Vertrauenskrise: Stra...
Niedrigzins, Hochfrequenzhandel und Finanzsystem in der Vertrauenskrise: Stra...Niedrigzins, Hochfrequenzhandel und Finanzsystem in der Vertrauenskrise: Stra...
Niedrigzins, Hochfrequenzhandel und Finanzsystem in der Vertrauenskrise: Stra...
Alexis Eisenhofer
 
Google = Bank der Zukunft; Zukunft der Bank = ?
Google = Bank der Zukunft; Zukunft der Bank = ?Google = Bank der Zukunft; Zukunft der Bank = ?
Google = Bank der Zukunft; Zukunft der Bank = ?
Alexis Eisenhofer
 
Aktives versus Passives Portfoliomanagement
Aktives versus Passives PortfoliomanagementAktives versus Passives Portfoliomanagement
Aktives versus Passives Portfoliomanagement
Alexis Eisenhofer
 
Computational Finance
Computational FinanceComputational Finance
Computational Finance
Alexis Eisenhofer
 
The Value Premium Puzzle
The Value Premium PuzzleThe Value Premium Puzzle
The Value Premium Puzzle
Alexis Eisenhofer
 
Digitale Öffentlichkeit und soziale Macht: Auswirkungen von sozialen Medien a...
Digitale Öffentlichkeit und soziale Macht: Auswirkungen von sozialen Medien a...Digitale Öffentlichkeit und soziale Macht: Auswirkungen von sozialen Medien a...
Digitale Öffentlichkeit und soziale Macht: Auswirkungen von sozialen Medien a...
Alexis Eisenhofer
 

More from Alexis Eisenhofer (20)

FinTech - Die digitale Transformation von Finanzdienstleistungen
FinTech - Die digitale Transformation von FinanzdienstleistungenFinTech - Die digitale Transformation von Finanzdienstleistungen
FinTech - Die digitale Transformation von Finanzdienstleistungen
 
Überrendite - Was funktioniert (noch) und warum?
Überrendite - Was funktioniert (noch) und warum?Überrendite - Was funktioniert (noch) und warum?
Überrendite - Was funktioniert (noch) und warum?
 
Unkonventionelle Geldpolitik - Strategien im Kampf gegen Stagnation
Unkonventionelle Geldpolitik - Strategien im Kampf gegen StagnationUnkonventionelle Geldpolitik - Strategien im Kampf gegen Stagnation
Unkonventionelle Geldpolitik - Strategien im Kampf gegen Stagnation
 
Nullzinsen, Negativzinsen, Strafzinsen: Die Kapitalanlage der Versicherungswi...
Nullzinsen, Negativzinsen, Strafzinsen: Die Kapitalanlage der Versicherungswi...Nullzinsen, Negativzinsen, Strafzinsen: Die Kapitalanlage der Versicherungswi...
Nullzinsen, Negativzinsen, Strafzinsen: Die Kapitalanlage der Versicherungswi...
 
Makroökonomische Trends in Zeiten extremer Geldmarktpolitik
Makroökonomische Trends in Zeiten extremer GeldmarktpolitikMakroökonomische Trends in Zeiten extremer Geldmarktpolitik
Makroökonomische Trends in Zeiten extremer Geldmarktpolitik
 
Negativzinsen, die geldpolitische Erziehung zur Ungeduld?
Negativzinsen, die geldpolitische Erziehung zur Ungeduld?Negativzinsen, die geldpolitische Erziehung zur Ungeduld?
Negativzinsen, die geldpolitische Erziehung zur Ungeduld?
 
Eine wissenschaftliche Analyse zur Performance von Healthcare-Aktien
Eine wissenschaftliche Analyse zur Performance von Healthcare-AktienEine wissenschaftliche Analyse zur Performance von Healthcare-Aktien
Eine wissenschaftliche Analyse zur Performance von Healthcare-Aktien
 
Demografische Dividende oder Nullwachstum? Die wirtschaftlichen Folgen des de...
Demografische Dividende oder Nullwachstum? Die wirtschaftlichen Folgen des de...Demografische Dividende oder Nullwachstum? Die wirtschaftlichen Folgen des de...
Demografische Dividende oder Nullwachstum? Die wirtschaftlichen Folgen des de...
 
9. XING Kapitalmarkt Kolloquium - Intro
9. XING Kapitalmarkt Kolloquium - Intro9. XING Kapitalmarkt Kolloquium - Intro
9. XING Kapitalmarkt Kolloquium - Intro
 
8. XING Kapitalmarkt Kolloquium - Intro
8. XING Kapitalmarkt Kolloquium - Intro8. XING Kapitalmarkt Kolloquium - Intro
8. XING Kapitalmarkt Kolloquium - Intro
 
Berkshire Hathaway: Buffett's Alpha
Berkshire Hathaway: Buffett's AlphaBerkshire Hathaway: Buffett's Alpha
Berkshire Hathaway: Buffett's Alpha
 
Münchner Finance Forum - Intro 23. Kaminabend
Münchner Finance Forum - Intro 23. KaminabendMünchner Finance Forum - Intro 23. Kaminabend
Münchner Finance Forum - Intro 23. Kaminabend
 
Fintech - Digitale (R)Evolution in der Finanzbranche
Fintech - Digitale (R)Evolution in der FinanzbrancheFintech - Digitale (R)Evolution in der Finanzbranche
Fintech - Digitale (R)Evolution in der Finanzbranche
 
“Fintech”: Neuordnung der Finanzbranche durch Digitalisierung
“Fintech”: Neuordnung der Finanzbranche durch Digitalisierung“Fintech”: Neuordnung der Finanzbranche durch Digitalisierung
“Fintech”: Neuordnung der Finanzbranche durch Digitalisierung
 
Niedrigzins, Hochfrequenzhandel und Finanzsystem in der Vertrauenskrise: Stra...
Niedrigzins, Hochfrequenzhandel und Finanzsystem in der Vertrauenskrise: Stra...Niedrigzins, Hochfrequenzhandel und Finanzsystem in der Vertrauenskrise: Stra...
Niedrigzins, Hochfrequenzhandel und Finanzsystem in der Vertrauenskrise: Stra...
 
Google = Bank der Zukunft; Zukunft der Bank = ?
Google = Bank der Zukunft; Zukunft der Bank = ?Google = Bank der Zukunft; Zukunft der Bank = ?
Google = Bank der Zukunft; Zukunft der Bank = ?
 
Aktives versus Passives Portfoliomanagement
Aktives versus Passives PortfoliomanagementAktives versus Passives Portfoliomanagement
Aktives versus Passives Portfoliomanagement
 
Computational Finance
Computational FinanceComputational Finance
Computational Finance
 
The Value Premium Puzzle
The Value Premium PuzzleThe Value Premium Puzzle
The Value Premium Puzzle
 
Digitale Öffentlichkeit und soziale Macht: Auswirkungen von sozialen Medien a...
Digitale Öffentlichkeit und soziale Macht: Auswirkungen von sozialen Medien a...Digitale Öffentlichkeit und soziale Macht: Auswirkungen von sozialen Medien a...
Digitale Öffentlichkeit und soziale Macht: Auswirkungen von sozialen Medien a...
 

Recently uploaded

How do I cash out hamster kombat tokens?
How do I cash out hamster kombat tokens?How do I cash out hamster kombat tokens?
How do I cash out hamster kombat tokens?
CRYPTO SPACE 🪙
 
how to increase profit as an hamster Miner - earn over 100,000,000+ token's p...
how to increase profit as an hamster Miner - earn over 100,000,000+ token's p...how to increase profit as an hamster Miner - earn over 100,000,000+ token's p...
how to increase profit as an hamster Miner - earn over 100,000,000+ token's p...
CRYPTO SPACE 🪙
 
how to sell hamster kombat on bybit crypto exchange.
how to sell hamster kombat on bybit crypto exchange.how to sell hamster kombat on bybit crypto exchange.
how to sell hamster kombat on bybit crypto exchange.
CRYPTO SPACE 🪙
 
how to make money from hamster kombat: beginners guide.
how to make money from hamster kombat: beginners guide.how to make money from hamster kombat: beginners guide.
how to make money from hamster kombat: beginners guide.
CRYPTO SPACE 🪙
 
Hamster kombat - A simple and effective method to withdraw mined tokens.
Hamster kombat - A simple and effective method to withdraw mined tokens.Hamster kombat - A simple and effective method to withdraw mined tokens.
Hamster kombat - A simple and effective method to withdraw mined tokens.
CRYPTO SPACE 🪙
 
2024 Q2 Crypto Industry Report | CoinGecko
2024 Q2 Crypto Industry Report | CoinGecko2024 Q2 Crypto Industry Report | CoinGecko
2024 Q2 Crypto Industry Report | CoinGecko
CoinGecko
 
Sell hamster coins today - top strategies you never knew.
Sell hamster coins today - top strategies you never knew.Sell hamster coins today - top strategies you never knew.
Sell hamster coins today - top strategies you never knew.
CRYPTO SPACE 🪙
 
hamster kombat - The best way to gain Massively as beginner's.
hamster kombat - The best way to gain Massively as beginner's.hamster kombat - The best way to gain Massively as beginner's.
hamster kombat - The best way to gain Massively as beginner's.
CRYPTO SPACE 🪙
 
Has anyone made money from hamster kombat - the REAL truth.
Has anyone made money from hamster kombat - the REAL truth.Has anyone made money from hamster kombat - the REAL truth.
Has anyone made money from hamster kombat - the REAL truth.
CRYPTO SPACE 🪙
 
hamster kombat airdrop - official launch date revealed.
hamster kombat airdrop - official launch date revealed.hamster kombat airdrop - official launch date revealed.
hamster kombat airdrop - official launch date revealed.
CRYPTO SPACE 🪙
 
is hamster kombat still worth mining (HMSTER - update)
is hamster kombat still worth mining (HMSTER - update)is hamster kombat still worth mining (HMSTER - update)
is hamster kombat still worth mining (HMSTER - update)
CRYPTO SPACE 🪙
 
how to sell hamster kombat tokens before mainnet launch.
how to sell hamster kombat tokens before mainnet launch.how to sell hamster kombat tokens before mainnet launch.
how to sell hamster kombat tokens before mainnet launch.
CRYPTO SPACE 🪙
 
Monthly Market Risk Update: July 2024 [SlideShare]
Monthly Market Risk Update: July 2024 [SlideShare]Monthly Market Risk Update: July 2024 [SlideShare]
Monthly Market Risk Update: July 2024 [SlideShare]
Commonwealth
 
Tapswap - A simple and effective way to withdraw mined tokens
Tapswap - A simple and effective way to withdraw mined tokensTapswap - A simple and effective way to withdraw mined tokens
Tapswap - A simple and effective way to withdraw mined tokens
CRYPTO SPACE 🪙
 
High Profile Girls Call Delhi 🎈🔥9711199171 🔥💋🎈 Provide Best And Top Girl Serv...
High Profile Girls Call Delhi 🎈🔥9711199171 🔥💋🎈 Provide Best And Top Girl Serv...High Profile Girls Call Delhi 🎈🔥9711199171 🔥💋🎈 Provide Best And Top Girl Serv...
High Profile Girls Call Delhi 🎈🔥9711199171 🔥💋🎈 Provide Best And Top Girl Serv...
fatima shekh$A17
 
how to sell hamster kombat at high rate - $1 per token.
how to sell hamster kombat at high rate - $1 per token.how to sell hamster kombat at high rate - $1 per token.
how to sell hamster kombat at high rate - $1 per token.
CRYPTO SPACE 🪙
 
What is the Secret way of selling hamster kombat tokens online?
What is the Secret way of selling hamster kombat tokens online?What is the Secret way of selling hamster kombat tokens online?
What is the Secret way of selling hamster kombat tokens online?
CRYPTO SPACE 🪙
 
Monthly Economic Monitoring of Ukraine No.234, July 2024
Monthly Economic Monitoring of Ukraine No.234, July 2024Monthly Economic Monitoring of Ukraine No.234, July 2024
Is hamster kombat currency tradable? If yes How!
Is hamster kombat currency tradable? If yes How!Is hamster kombat currency tradable? If yes How!
Is hamster kombat currency tradable? If yes How!
CRYPTO SPACE 🪙
 
how to sell Tapswap token's at high rate - $1 per token
how to sell Tapswap token's at high rate - $1 per tokenhow to sell Tapswap token's at high rate - $1 per token
how to sell Tapswap token's at high rate - $1 per token
CRYPTO SPACE 🪙
 

Recently uploaded (20)

How do I cash out hamster kombat tokens?
How do I cash out hamster kombat tokens?How do I cash out hamster kombat tokens?
How do I cash out hamster kombat tokens?
 
how to increase profit as an hamster Miner - earn over 100,000,000+ token's p...
how to increase profit as an hamster Miner - earn over 100,000,000+ token's p...how to increase profit as an hamster Miner - earn over 100,000,000+ token's p...
how to increase profit as an hamster Miner - earn over 100,000,000+ token's p...
 
how to sell hamster kombat on bybit crypto exchange.
how to sell hamster kombat on bybit crypto exchange.how to sell hamster kombat on bybit crypto exchange.
how to sell hamster kombat on bybit crypto exchange.
 
how to make money from hamster kombat: beginners guide.
how to make money from hamster kombat: beginners guide.how to make money from hamster kombat: beginners guide.
how to make money from hamster kombat: beginners guide.
 
Hamster kombat - A simple and effective method to withdraw mined tokens.
Hamster kombat - A simple and effective method to withdraw mined tokens.Hamster kombat - A simple and effective method to withdraw mined tokens.
Hamster kombat - A simple and effective method to withdraw mined tokens.
 
2024 Q2 Crypto Industry Report | CoinGecko
2024 Q2 Crypto Industry Report | CoinGecko2024 Q2 Crypto Industry Report | CoinGecko
2024 Q2 Crypto Industry Report | CoinGecko
 
Sell hamster coins today - top strategies you never knew.
Sell hamster coins today - top strategies you never knew.Sell hamster coins today - top strategies you never knew.
Sell hamster coins today - top strategies you never knew.
 
hamster kombat - The best way to gain Massively as beginner's.
hamster kombat - The best way to gain Massively as beginner's.hamster kombat - The best way to gain Massively as beginner's.
hamster kombat - The best way to gain Massively as beginner's.
 
Has anyone made money from hamster kombat - the REAL truth.
Has anyone made money from hamster kombat - the REAL truth.Has anyone made money from hamster kombat - the REAL truth.
Has anyone made money from hamster kombat - the REAL truth.
 
hamster kombat airdrop - official launch date revealed.
hamster kombat airdrop - official launch date revealed.hamster kombat airdrop - official launch date revealed.
hamster kombat airdrop - official launch date revealed.
 
is hamster kombat still worth mining (HMSTER - update)
is hamster kombat still worth mining (HMSTER - update)is hamster kombat still worth mining (HMSTER - update)
is hamster kombat still worth mining (HMSTER - update)
 
how to sell hamster kombat tokens before mainnet launch.
how to sell hamster kombat tokens before mainnet launch.how to sell hamster kombat tokens before mainnet launch.
how to sell hamster kombat tokens before mainnet launch.
 
Monthly Market Risk Update: July 2024 [SlideShare]
Monthly Market Risk Update: July 2024 [SlideShare]Monthly Market Risk Update: July 2024 [SlideShare]
Monthly Market Risk Update: July 2024 [SlideShare]
 
Tapswap - A simple and effective way to withdraw mined tokens
Tapswap - A simple and effective way to withdraw mined tokensTapswap - A simple and effective way to withdraw mined tokens
Tapswap - A simple and effective way to withdraw mined tokens
 
High Profile Girls Call Delhi 🎈🔥9711199171 🔥💋🎈 Provide Best And Top Girl Serv...
High Profile Girls Call Delhi 🎈🔥9711199171 🔥💋🎈 Provide Best And Top Girl Serv...High Profile Girls Call Delhi 🎈🔥9711199171 🔥💋🎈 Provide Best And Top Girl Serv...
High Profile Girls Call Delhi 🎈🔥9711199171 🔥💋🎈 Provide Best And Top Girl Serv...
 
how to sell hamster kombat at high rate - $1 per token.
how to sell hamster kombat at high rate - $1 per token.how to sell hamster kombat at high rate - $1 per token.
how to sell hamster kombat at high rate - $1 per token.
 
What is the Secret way of selling hamster kombat tokens online?
What is the Secret way of selling hamster kombat tokens online?What is the Secret way of selling hamster kombat tokens online?
What is the Secret way of selling hamster kombat tokens online?
 
Monthly Economic Monitoring of Ukraine No.234, July 2024
Monthly Economic Monitoring of Ukraine No.234, July 2024Monthly Economic Monitoring of Ukraine No.234, July 2024
Monthly Economic Monitoring of Ukraine No.234, July 2024
 
Is hamster kombat currency tradable? If yes How!
Is hamster kombat currency tradable? If yes How!Is hamster kombat currency tradable? If yes How!
Is hamster kombat currency tradable? If yes How!
 
how to sell Tapswap token's at high rate - $1 per token
how to sell Tapswap token's at high rate - $1 per tokenhow to sell Tapswap token's at high rate - $1 per token
how to sell Tapswap token's at high rate - $1 per token
 

Google = Bank Of The Future; Future Of The Bank = ?

  • 1. Google = Bank Of The Future; Future Of The Bank = ? Digital (R)Evolution In The Financial Services Industry Alexis Eisenhofer, financial.com - Thomson Reuters, 21 January 2015
  • 2. “Banking Is No Longer Somewhere You Go, But Something You Do.” (Brett King) “Banking Is Essential, Banks Are Not.” (Bill Gates)
  • 5. Digital Business Models Aim At A Disintermediation Of The “Man In The Middle” ➢ Producers (brands) and consumers interact directly ➢ "Prosumer": customers influence product design ➢ "Non-physical production" (the core business model of a bank) is ideal for digital strategies ➢ Innovation in banks has been limited to financial instruments (financial engineering) ➢ Retail banks in Europe only have 20-40% of their processes digitized (McKinsey, October 2013)
  • 6. More And More Customers Expect Changes In Banks ➢ Generations X (1964-1979) and Y (1980-1995) reach the age for wealth creation; "Millennials" (from 2000) do not want consultation ➢ Millennial Disruption Index: "Banking is at the highest risk of disruption." (71% would rather go to the dentist than to the bank) ➢ Rising equity markets with no risk-free investment opportunity ➢ "Paradox of choice": Too much supply reduces the total demand ➢ "Disenchantment" of financial advisors by two crises; Bad image of banks
  • 7. New Technologies Offer Numerous Opportunities ➢ Big data: volume, variety, velocity, veracity ➢ Access: anyone, anything, anytime, anywhere, any device ➢ Social media (Collaboration and sharing) ➢ Technologies disrupt industries faster than ever (Skype, Uber, WhatsApp, Spotify, YouTube, Google Maps, Digicams etc.) ➢ One million users in 9 years / months / days: AOL / Facebook / Draw Something ➢ $ 3 billion in Venture Capital for Fintechs in 2013 (2008: $ 930 million) is still small compared to total bank IT costs ($ 485 billion) - but growing fast
  • 8. Signs Of A Tsunami Are Already Visible ➢ Productivity ratios of retail branches have been deteriorating for a long time ➢ Lower barriers to the provision of financial services ➢ Rising acquisition costs ($ 350 for checking account, $ 2500 for mortgage) ➢ Advertising campaigns are less efficient (declining conversion due to multichannel sales) ➢ Tsunami: Number of taxis in San Francisco dropped by -65% in a single year (due to Uber.com) ➢ Accenture expects 30% sales decline in banks by 2020 due to new competitors (September 2014)
  • 9. Attacks On Institutional Investment And Investment Banking
  • 10. ➢ Platform for structured data ➢ All major sources (FRED, ECB, etc.) ➢ Ongoing updates Quandl.com: 10 Million Free Time Series Of Financial Data (Download, API, Excel & Plotly)
  • 11. Plot.ly: Free Graphical Data Analysis ➢ Almost as powerful as programming language R ➢ Sharing & Collaboration ➢ Numerous import / export formats
  • 12. Quantopian.com: Free Algorithmic Trading Community With Live Backtesting / Valuation Of Complex Structures ➢ Source code and risk ratios available ➢ Community of highly specialized professionals ➢ Business model: Seed funding of hedge funds for top users with a revenue share
  • 13. Rizm.equametrics.com: Drag And Drop Algo Builder & Paper Trading ➢ No programming experience required ➢ Backtesting & Paper Trading ➢ Financing of the platform through introducing broker fees (IB, FXCM)
  • 14. Estimize.com: Crowdsourced Estimates (4,500+ Analysts) ➢ Wisdom of the crowd (without sell side bias); Better results than Wall Street analysis ➢ Numerous rankings, alerts, calendars ➢ Social Media Features
  • 15. SeekingAlpha.com: Peer Group Blog For Equity Research With More Than 7,000 Authors ➢ Excellent quality due to intensive discussions ➢ Disclosure of new, non- public facts ➢ Free Transcripts of all earnings calls
  • 16. No One Could Predict Quotes Better Than Google ➢ 90% of all purchases start with a search (70% thereof Google searches) ➢ Already public search results allow outperformance ➢ Eric Schmidt (Chairman) has implemented a code of conduct for not forecasting the stock market
  • 17. LimeBrokerage.com - Sub Millisecond Execution & Clearing (880 ns Market Data); 20% Of US Equities Volume ➢ "Discount broker" for algos ➢ Order execution much faster than "normal" brokers ➢ Extensive market data (Level 2)
  • 18. Attacks On Payment Systems And Savings Deposits
  • 19. Paypal Handles A Quarter Of The World's Online Shopping - 148 Million Customers Are Numerically "Germany Plus France" ➢ After 7 years Paypal has more online accounts than all savings banks in Germany ➢ eCommerce doubled in 5 years at 14% market share - with accelerated growth ➢ Possible spin-off of Ebay brings further growth for Paypal
  • 20. Alipay Is Already The Largest Provider Of Fixed-Term Deposits In China (6.3% Instead Of 3.25% For State Banks) ➢ Payment processors start with deposits ➢ Currently the only bank in China with a positive real interest rate ➢ Alipay has better image than state-owned banks
  • 21. TransferWise.com: Extremely Cheap International Transfers - "Money Without Borders" ➢ International transfer is the honey pot of bank charges ➢ Banks charge high fees even within a single currency area (e.g. Eurozone) ➢ Share price of Western Union has been falling for years
  • 22. Facebook And MoneyGram: Bank Transfer From The US To Over 200 Countries Via "PicomoPay" App ➢ 25% of all clicks in the USA on Facebook ➢ 73% of Millennials want payment function of Facebook (Millennial Disruption Index) ➢ Not a "chicken and egg" problem (network effect)
  • 23. Mint.com: Personal Financial Management Service With Multi- Account Aggregation (198 Mln Accounts In US / Canada) ➢ Personal financial planning with savings recommendations by peer group comparisons ➢ Financing through commissions from selling long-term contracts ➢ Founded in 2006, taken over in 2009 by Intuit (170 million USD)
  • 24. Social Banking "Kaching" Of Australian Commonwealth Bank ➢ Mobile Payment via Facebook / E-Mail / SMS ➢ Complete integration into the timeline of friends ➢ Push Notifications for payments
  • 25. Attacks On Lending And Project Finance
  • 26. Lendingclub.com: Peer-To-Peer Lending ("Social Lending") ➢ Peer-to-peer lending, the world's largest crowd lending platform ➢ Google hold 8% stake, IPO in Q4/2014, market capitalization USD 9.5 bln ➢ Risk management through pre-selection of loan applications (only the top 10%) and diversification
  • 27. Crowdfunding Is Growing At Double-Digit Annual Growth Rates ➢ Even large projects are financed ➢ The video game "Star Citizen" collected 55.5 million USD on the platform Kickstarter in 2012 ➢ Crowdfunding is often used for social projects
  • 28. Lightfin.de: Private Placement To Qualified Investors ➢ Institutional investors are pushing into banking ➢ Platforms bring credit requests without sales force ➢ Often ratings are provided (eg White Label Moody's)
  • 29. Kreditech.com: Big Data For Credit Scoring ➢ Fully automated rating of 15,000 data points ➢ Social graph, browsing behavior and GPS data to explain the bulk of creditworthiness ➢ Forecasting accuracy better than with traditional models
  • 30. Wonga.com: Short-Term Consumer Loans Up To £ 400 In 5 Minutes ➢ Standardized detection of small consumer loans ➢ Credit statement in less than 5 minutes ➢ Improving efficiency compared to traditional retail banking
  • 31. Attacks on Asset Management and Brokerage
  • 32. Vaamo.de: Asset Management For Everybody - "Transparent. Simple. Profitable. " ➢ Simplicity as a key product feature ➢ Customization through "self-counseling" via sliders ➢ Cost advantages through index funds
  • 33. Wealthfront.com: ETF-based, Commission-Free Asset Management (AuM $ 1 Bln In 30 months) ➢ International market leader with 1.8 million visits per month ➢ 3-digit annual growth rates ➢ Far stronger growth than Charles Schwab in their early stage (Direct Brokerage)
  • 34. Etoro.com: Social Trading - "Friends" Replace Bank Advisors ➢ The world's leading Copy-Trading platform ➢ Nearly 130 million trades since 2007 (with continued strong growth) ➢ Comdirect (German market leader): 5 million trades / quarter
  • 35. ➢ Leading Community for Active Traders for Charting Analysis ➢ Sharing of chart patterns via HTML5 Tool ➢ Subscription Fee for Real Time Data Tradingview.com: Community Of "Active Traders" For Technical Analysis
  • 37. Open Architectures, Collaborations And An Innovative Organizational Structure ➢ Open architecture: flexibility and network effects ("If you can’t beat them, join them.") ➢ Software-as-a-Service: Continuous improvements through clickstream analysis ➢ Cooperation: V.me by Visa provides white label online payment processing ➢ Outsourcing of software development to small flexible partners (no cannibalization, new thinking, no legacy systems) ➢ Takeover of Fintechs (Problem: Valuations up to several billion USD) ➢ Promotion of Digital Natives to the Board of Directors (only 9 out of 206 DAX supervisory board members with obvious IT background, Handelsblatt 2014)
  • 38. Social Graph, Peer Group Data, And (Location-Based) Contextualization ➢ Consistent use of the social graph (Facebook, XING, LinkedIn) ➢ Similarity analysis, eg “Customers who have a similar profile bought these securities." ➢ Value-added services: Cost savings by changing providers (Peer group information) ➢ Framing concepts ("40-year-old father" etc.) ➢ Right time and right context (Location-based data)
  • 39. Design, Integration And Differentiation ➢ Design is a key success factor of applications / products (eg iPhone, Nespresso) ➢ "Mobile First": "Less is more" when designing surfaces ➢ Gamification: Use of game mechanics in non-game contexts to engage users ➢ Financial products are seen as commodities by retail customers; distinction to the competition is key
  • 40. ➢ Paid content can not be accessed through an aggregator like Google ➢ Higher "customer ownership costs": Free content offerings require investments in added value ➢ Significantly lower distribution costs of paid content Paid Content And Customer Ownership Costs
  • 41. Thank You For Your Attention! “You must unlearn what you have learned...” (Yoda) de.linkedin.com/in/eisenhofer xing.com/profile/Alexis_Eisenhofer twitter.com/eisenhofer plus.google.com/u/0/+AlexisEisenhofer slideshare.net/Eisenhofer youtube.com/user/aeisenhofer alexis.eisenhofer@financial.com