AECM Annual Event in Antwerp 2019 (12/15 June) Jurgen Ingels, IT-entrepreneur and specialist in FinTechs www.aecm.eu

1. FINTECH UNLEASHED
Jürgen Ingels
@jurgen_ingels
jingels@smartfinvc.com

2. 1. DIGITALISATION & FINTECH

3. You cannot talk about the future
if you don’t understand the past and the
present.
“ “

4. THE STORY OF THE PAST

5. VERY EXPENSIVE,
TAKES TIME

7. “IT’S IN THE
FINANCIAL SYSTEM”
9bytz

8. THINGS
I LEARNED ABOUT
THE FINANCIAL SYSTEM

9. SILOS International
payments
Domestic
payments
Direct
debit
Card
payments
Validation
Settlement
Limit check
Etc.
Validation
Settlement
Limit check
Etc.
Validation
Settlement
Limit check
Etc.
Validation
Settlement
Limit check
Etc.
Peter Freeman

10. MULTIPLICATION
OF DATA
Database Database Database Database
International
payments
Domestic
payments
Direct
debit
Card
payments
Validation
Settlement
Limit check
Etc.
Validation
Settlement
Limit check
Etc.
Validation
Settlement
Limit check
Etc.
Validation
Settlement
Limit check
Etc.
Victorgrigas

11. n Suwannachot
ONE BIG SPAGHETTI
Branch Internet Mobile Helpdesk
International
payments
Domestic
payments
Direct
debit
Card
payments
Validation
Settlement
Limit check
Etc.
Validation
Settlement
Limit check
Etc.
Validation
Settlement
Limit check
Etc.
Validation
Settlement
Limit check
Etc.
Database Database Database Database

12. Payment layer
Validation
Settlement
Limit check
Etc.
Database
International
payments
Domestic
payments
Direct
debit
Card
payments
Validation
Settlement
Limit check
Etc.
Validation
Settlement
Limit check
Etc.
Validation
Settlement
Limit check
Etc.
Validation
Settlement
Limit check
Etc.

13. GLOBAL PRESENCE
WITH 23 OFFICES
OVER 530 CLIENTS IN
25 COUNTRIES,
INCLUDING 40 OF
TOP 50 BANKS
SOLD TO FIS AND STILL
THE BIGGEST TECH EXIT
IN BELGIUM SINCE 2014
1200 EMPLOYEES
GLOBALLY

14. THE STORY OF THE PRESENT

15. BANKS ARE BEING ATTACKED BY
SMALL AND LARGE TECH COMPANIES

17. THINGS
TECH PLAYERS
HAVE IN COMMON
VERSUS BANKS

18. REAL - TIME
INSTANT SATISFACTION
DATA DRIVEN
CLIENT CENTRICITY

19. THE BANKING INDUSTRY ISN’T.
NOT REAL - TIME
NOT DATA DRIVEN

20. WHY?

21. BANKS LACK THE
INFRASTRUCTURE

22. BANKS TODAY HAVE NOT ENOUGH
AND CURRENT INFRASTUCTURE DOES NOT ALLOW FOR...
MONEY PEOPLE TIME
SHARINGOPEN SOURCE
USAGE OF
DATA
REAL TIME
INTERACTION
TO REBUILD THE INFRASTRUCTURE

23. Payments
Mortages /
Credits
Insurance Securities
SILOS
Database
PAYMENT
LAYER
PAYMENT
LAYER
Peter Freeman
MORE SILOS

24. MULTIPLICATION
OF DATA
Payments
Mortages /
Credits
Insurance Securities
PAYMENT
LAYER
PAYMENT
LAYER
Database Database Database Database
Victorgrigas

25. THERE IS MORE
SPAGHETTI
Payments
Mortages /
Credits
Insurance Securities
PAYMENT
LAYER
PAYMENT
LAYER
Database Database Database Database
Pixabay

26. THINK LASAGNA!

27. Payments Mortgages/
Credits
Insurance Securities
Database Database Database Database
LAYERED MONOLITH APP STORE

29. THEREFORE...

30. SERVE RAVIOLI!

31. Database Database Database Database
DYNAMICALLY RECONFIGURABLE APP STORE
Payments Mortgages/
Credits
Insurance Securities
REMOVE CHAOS
EASY TO GOVERN
APPS
EASY TO CHANGE
MICROSERVICES

32. THIS OPEN BANKING PLATFORM
WILL ALLOW BANKS TO:
BECOME CUSTOMER CENTRIC
CREATE AND CHANGE RICH SERVICES FASTER
SCALE CHEAPER
SHIELD BACK END SYSTEMS
PARTICIPATE IN API-ECOSYSTEMS
COLLABORATE WITH EACH OTHER AND WITH FINTECHS

33. THIS RAVIOLI ALLOWS BANKS TO
COLLABORATE WITH TECH COMPANIES
AND CREATE AN ECOSYSTEM.
BUT WITHIN THE ECOSYSTEM EACH
PARTNER HAS TO FOCUS ON WHAT
THEY’RE GOOD AT.

34. THIS IS NOT NEW, THIS
IS DESCRIBED BY RICARDO

35. SOCIAL NETWORK
BANKS
COMPLIANCE
TRUST
SECURITY
BANKING KNOW HOW
KNOW YOUR CUSTOMER
TECH COMPANIES
TECHNOLOGY
AGILITY
SPEED OF CHANGE
SCALABILITY

36. ECOSYSTEMS WILL BE
THE NEW NORMAL

37. 2. SOME TRENDS IN FINTECH

38. TECH GIANTS WILL
JOIN THE BATTLE

39. FASTER THAN REAL-TIME
QUANTUM COMPUTING

40. OPEN SOURCE WILL
BECOME MAINSTREAM

41. PLATFORM COMPANIES
ARE THE WAY FORWARD

42. INVESTMENTS IN REGTECH
WILL INCREASE GLOBALLY
NUMBER OF REGULATIONS
TECHNOLOGY FIRMS: 27.000
MANUFACTURING FIRMS: 215.000
FINANCIAL SECTOR: 128.000

43. FROM FRONT OFFICE
TO BACK OFFICE

44. ACCOUNTING WILL
BE THE NEXT WAVE

45. THE NEXT BANK WILL
BE A BRAND

46. THE BANK SHOULD BECOME
A DIGITAL VAULT

47. BANKING WILL BE INVISIBLE,
INTEGRATED IN THE PRODUCT

48. AUCTIONING WILL BE THE WAY FORWARD

49. CLOUD WILL RULE THE WORLD

50. SERVICES MUST BE
HYPER PERSONALISED,
PREDICTIVE, PROACTIVE
AND CONTEXTUAL

51. ADOPTION OF AI

52. CREATIVITY WILL RULE THE WORLD

53. Humor
HAVE FUN

54. THANK YOU
Jürgen Ingels
@jurgen_ingels
jingels@smartfinvc.com