This document discusses innovation in FinTech, IoT, AI and cloud computing. It outlines 7 guiding principles for breakthrough innovation: Diversity, Explore, DIY, Re-use, Agile, Platform, and Digital. It also discusses two personal stories of innovation: defining FinTech and the citizen science platform SAFECAST, which revolutionized data collection through open data and community participation. The document advocates for open innovation, ecosystems, diversity of skills and thinking outside traditional structures to drive digital transformation.

1. The seven gods of innovation
Practical guiding principles for "breakthrough innovation"
in the era of FinTech, IoT, AI and Cloud computing
PIETER FRANKEN | @NOKTONLUX

2. My Life Story: Innovating across East and West
East West
Corporates
Panasonic
Hitachi
Shinsei Bank
APLUS
Monex Group
Citigroup
Tradestation
ITAP MAS
Startups EmeradaCo.com
ModuleQ.AI
AFIN.TECH
Academic Keio University MIT, Media Lab
NPO SAFECAST SAFECAST

3. Two Personal Stories about breakthrough innovation:
“What’s Fintech?”
Guiding principles to lead Japan into the Digital Age
“SAFECAST: revolutionizing citizen science”
Guiding principles for global breakthrough

4. “FinTech”

5. Financial Services
+
Technology
≠
“FinTech”

6. 1967

7. “FinTech 1.0” – RIP - 1967～2013
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8. The Financial Industry used proprietary technology to “automate”
traditional paper/branch based process to create more efficiency.
This required huge investments and time to accomplish – this created
a huge business opportunity and empires

9. So, what’s “FinTech” ?

10. Financial Services
+
“The Digital Revolution”
+
New Concepts
+
New Players
=
“FinTech 2.0”

11. 2007 - Smart Phones

12. The Digital Revolution is here!
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13. Open Innovation
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14. Age of Platforms & Ecosystems

15. Why platforms matter
• Open, Public API’s create Ecosystems
• Ecosystems create diversity
• Diversity enables massive, global scale
• 1 + 1 >> 2 !
Focus on core competencies,
don’t try to be “everything” on platform

16. “Third of global consumers
open to Google, Facebook, Amazon
banking”
REUTERS Survey (Jan 11th , 2017)

17. New Player
•
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“TECH, not FIN”: Silicon Valley, not Wall street !
Shibuya, not Marunouchi !

18. This all created “FinTech 2.0”
New Players using open technology and new methods to
innovate new services and seamless customer experience at a
fraction of the cost and time compared to “Fintech 1.0”

19. 出所：VentureScanner.com 2015より
FINTECH
ECOSYSTEM
DIVERSITY

20. 出典：
CBInsights, 2015より
Digital Sandbox: Anyone can play!

21. THE 7 SAMURAI LUCKY GODS OF FINTECH
Diversity ExploreDIYRe-use Agile PlatformDigital

22. IT is not a “department”,
Digital is key to your future !
Digital

23. Diversity in skills and mindset
Shift of mindset is needed
Innovation starts with the CEO
need to respect different skills!
Build diverse, global work force
Diversity

24. Innovation happens “outside”
not in the R&D center
Engineer for failure
Bi-modal
Explore

25. “In-house over Outsource”
build own expertise
reduce cost
move fast
Become Digital leader
DIY

26. Re-use
Balance in-house versus commodity
★ Cloud native
★ Open Source
★ Don’t re-invent the wheel

27. “waterfall” only popular in Japan
Reassess role of “System Integrator”
Think upside, not downside
Write code, not documentation!
Monotsukuri vs Virtual
Agile

28. Build open platforms,
not closed systems!
Open, public API
Think “ecosystem” instead of
“market share”
Focus, Focus, Focus !
Platform

29. THE 7 LUCKY GODS OF FINTECH
Diversity ExploreDIYRe-use Agile PlatformDigital

30. Recent Success stories
Robinhood - Free Securities Trading
(USA)
Soracom - IoT platform
(JPN)

32. https://vimeo.com/69002438

33. “SAFECAST HAS
REVOLUTIONIZED
CITIZEN-SCIENCE.”
Popular Mechanics,
Mar 13, 2018

34. NATURE.COM, Oct . 5, 2018

35. “ARGUABLY THE
MOST SUCCESSFUL
CITIZEN SCIENCE
PROJECT EVER”

37. OVER 100 COUNTRIES, 120 MILLION DATA POINTS

38. Concerned Citizen
REASONABLE THING TO ASK
CAN I TRUST THE DATA?

40. Top-Down, Closed Organizations
Lost Citizens Trust
CITIZENS
HQ T R U S T
TOP DOWN, CLOSED ORGANIZATION

41. TRUST IS NOT A RENEWABLE RESOURCE

42. NO TRUST
TRUST
Power of the Crowd:
Building Trust out of No Trust
CITIZENSCITIZENS + NO TRUST + OPEN DATA

44. HQ
TOP DOWN, CLOSED ORGANIZATION CITIZENS + NO TRUST + OPEN DATA
NO TRUST
CHECK & BALANCE
Bring Check and Balance

45. THERE CAN BE NO TRUST WITHOUT
TRANSPARENCY
RANDOM CITIZENS
+
NO TRUST
+
OPEN DATA
=
TRUST

46. THE 7 LUCKY GODS OF SAFECAST
Anti
Disciplinary
Pull
over Push
DIY!
Always
Open
Deploy
or Die
Community
Centric
Pro
Data

47. PRO DATA
DATA = BASELINE
“RIGHT TO KNOW”
DATA REMOVES BIAS
DATA DRIVES ACTION

48. ALWAYS
OPEN

49. DEPLOY OR DIE
“to innovate you need
to reduce the cost of
failure”
Joi Ito

50. D.I.Y.

51. ANTI
DISCIPLINARY
By XCEED https://vimeo.com/121884101

52. PULL OVER PUSH

53. COMMUNITY
CENTRIC
DEVICE
CENTRIC

54. INTERNET
OF
NOTHING

55. CITIZENS

56. KIDS

57. PRESS

58. COMPANIES

59. NP OPERATORS

60. OFFICIAL
AGENCIES

61. POLITICIANS

62. VOLUME 3 - 2017
CONNECTING
RESEARCH
http://blog.safecast.org/the-safecast-report/

63. Recommended Reading ….

64. Towards Agile Japan!