Stockholm is thus now one of the EU’s biggest hubs for Fintech investments, and it is the city in Europe that has attracted the second most investments over the last five years, according to the research report “Stockholm FinTech – An overview of the FinTech sector in the greater Stockholm Region” - conducted together between SSE and Stockholm Business Region (please visit - http://www.investstockholm.com/news/fintech/ for more information)
Informal Network - Innovative Internet Second Project MichalGromek
Well developed informal networks can be a significant competitive advantage, both for firms and regions. How likely are engineers to ask their peer for help? What are informal networks?
My ppt from today's presentation at the EdTech Seminar organized by Ulf Skarin of Veckans Affärer at Swedish Parliament, http://riksdagsseminarium-svensk-edtech.confetti.events/
Informal Network - Innovative Internet Second Project MichalGromek
Well developed informal networks can be a significant competitive advantage, both for firms and regions. How likely are engineers to ask their peer for help? What are informal networks?
My ppt from today's presentation at the EdTech Seminar organized by Ulf Skarin of Veckans Affärer at Swedish Parliament, http://riksdagsseminarium-svensk-edtech.confetti.events/
Business and technological strategies of Chinese firms in the South of China:...Rigas Arvanitis
This is a presentation I did in Santa Clara Unniversity on businesses and economic growth in China. It also shares some conclusions of a multiyear research project that was done in China (2000-2004) on Chinese SMEs. Last slides are advice to people who want to make business in China.
Can the internet serve as an alternative to physical internationalization?University of Glasgow
A presentation that communicates the academic paper published in International Marketing Review (2013) regarding the viability of the internet as a new and effective path to internationalization.
TAKING IN FUNDING & GROWTH OF STARTUPSMichalGromek
Short 15 minutes session on Startup funding, online traffic sources, usage of wording (leading, fastest growing, etc. ), growth KPIs, tools to handle customer service, elevator pitch question, and creation of matrixes out of social media matrixes to as asset to pitch for investors.
How many different subtypes of FinTech do we actually have? MichalGromek
FinTech remains buzzwords for a long period as it is still unclear what it consists of, this is a presentation for a kickoff session around the division of FinTech, which will be used in data collection for FinTech in Sweden. Results are expected in June 2017.
Swedish and Polish best practices of cooperation between academia and externa...MichalGromek
A short 8-minute keynote, presented during Seminar at the presence of the President of the Republic of Poland, Mr Andrzej Duda “Innovation: a key to future growth. Polish and Swedish experiences.” Date: 30th.11.2016 in Stockholm. About best practices for academia and external players - two examples from Sweden, one from Poland and one from Singapore
Stockholm Economic Graph - in cooperation with Linkedin MichalGromek
Have you ever wondered what would have happened in case you would grab all of the Linkedin profiles of a city and matched them with potential Job Opportunities? This is actually what Stockholm Business Region did. The Outcome shows a real-time human capital mirror of the entire Region, what gives insides for HR companies, universities and a range of institutions which cooperate with mostly "white-collar" workers. (Published in April 2016 by the Stockholm Business Region)
EMBA Funding for Ventures, Startups using FinTechMichalGromek
Venture funding, sizes, pro and cons at different enterprise development stages presented during an EMBA session at Stockholm School of Economics in February 2017
Introduction to financial voodoo for startupsMichalGromek
What is seed-funding, pre-seed funding, what is pre- and post-money valuation? When do we speak about a dilution of shares? Convertible debt and bridge financing. Explained in Plain English with online support clips to extend the knowledge. The presentation has been displayed at Stockholm School of Economics, 1320 Entrepreneurship and Opportunity course 1320 course on January 20th, 2017. Feel free to share and distribute this presentation. The goal of the presentation was to perform a short recap of introduction to entrepreneurial finance for a student with the non-financial background.
This short update marks the update of half of our course and project. This has been used a tool to present current challenges by the students and find a common solution in the following session. Course Entrepreneurship and Opportunity, Stockholm School of Economics, February 2017
Build your sharing economy strategy using trust and reputationMichalGromek
Todays' CEMS presentation on digitalization of trust and practical impact for both: giants like "Airbnb", "Uber" as well as a startup that is just launching their products and would like to use the trustworthiness of player with the higher amount of reputation like to Economist.
DET INFORMELLA NÄTVERKETS ROLL FÖR KUNSKAPSDELNING OCH INNOVATION. Det primära syftet med del två av vårt treårsprojekt: “The Internet and
its Direct and Indirect Effects on Innovation and the Swedish Economy”
är att undersöka hur Internet och digitaliseringen har påverkat
framväxten av entreprenörskap och innovation i Sverige.
Vår tidigare studie “Chasing a Tale of the Unicorn – A study of
Stockholm’s misty meadows” undersökte anledningarna bakom den
nuvarande "gasell"-företagssuccen i Sverige och i Stockholm. (klicka här
för att läsa studien).
I den här sammanfattningen vill vi belysa skillnaderna mellan formella
och informella nätverk och hur de låter organisationer ta sig till
erfarenhet, kunskap och resurser.
I studien har vi analyserat den senaste informationen ur vetenskapliga
artiklar och facklitteratur för att förstå kopplingen mellan informella
nätverk, överlappande styrelseuppdrag och hur dessa påverkar
företagets prestation och framgång.
Silicon Forest - Introduction to Fintech Stockholm MichalGromek
Presentation during the Swedish FinTech Delegation in Singapore 14-17.11.2016. Introduction to Stockholm FInTech only on 13 slides, what is a challenge :) More slides available on request. Performance is based on FInTech Stockholm Report 2015 & 2016
PLUG IN DIGITAL TOOLS TO YORU AUDITORIUM MichalGromek
This should presentation shows you four potential tools that you could use during an event, presentation or lecture to help you to engage the learning experience or increase the participation. Presented 1st of December, in the PhD 127 session at Stockholm School of Economics by Andrean Johansson, Peter Alekszeiev and Michal Gromek. You receive a free license to download and share it as you wish.
Trust and Reputation - alternative tool to increase the value of companies. MichalGromek
With the digitalisation of trust companies has discovered a nonfinancial tool to grow their business by understanding and helping their user to succeed. Here are some introduction slides to this topic, displayed at Stockholm School of Economics.
This presentation has been presented on September 19th 2016 in Stockholm: Key elements:
Types of crowdfunding, Investor behavior, the difference between Reward, Equity, P2P Lending, Crowdinvestment, Lending in Crowdfunding, How to choose a platform, Fintech, Kickstarter, FundedByMe, Unicorn, StartUp, Funding, Entrepreneurship.
Business and technological strategies of Chinese firms in the South of China:...Rigas Arvanitis
This is a presentation I did in Santa Clara Unniversity on businesses and economic growth in China. It also shares some conclusions of a multiyear research project that was done in China (2000-2004) on Chinese SMEs. Last slides are advice to people who want to make business in China.
Can the internet serve as an alternative to physical internationalization?University of Glasgow
A presentation that communicates the academic paper published in International Marketing Review (2013) regarding the viability of the internet as a new and effective path to internationalization.
TAKING IN FUNDING & GROWTH OF STARTUPSMichalGromek
Short 15 minutes session on Startup funding, online traffic sources, usage of wording (leading, fastest growing, etc. ), growth KPIs, tools to handle customer service, elevator pitch question, and creation of matrixes out of social media matrixes to as asset to pitch for investors.
How many different subtypes of FinTech do we actually have? MichalGromek
FinTech remains buzzwords for a long period as it is still unclear what it consists of, this is a presentation for a kickoff session around the division of FinTech, which will be used in data collection for FinTech in Sweden. Results are expected in June 2017.
Swedish and Polish best practices of cooperation between academia and externa...MichalGromek
A short 8-minute keynote, presented during Seminar at the presence of the President of the Republic of Poland, Mr Andrzej Duda “Innovation: a key to future growth. Polish and Swedish experiences.” Date: 30th.11.2016 in Stockholm. About best practices for academia and external players - two examples from Sweden, one from Poland and one from Singapore
Stockholm Economic Graph - in cooperation with Linkedin MichalGromek
Have you ever wondered what would have happened in case you would grab all of the Linkedin profiles of a city and matched them with potential Job Opportunities? This is actually what Stockholm Business Region did. The Outcome shows a real-time human capital mirror of the entire Region, what gives insides for HR companies, universities and a range of institutions which cooperate with mostly "white-collar" workers. (Published in April 2016 by the Stockholm Business Region)
EMBA Funding for Ventures, Startups using FinTechMichalGromek
Venture funding, sizes, pro and cons at different enterprise development stages presented during an EMBA session at Stockholm School of Economics in February 2017
Introduction to financial voodoo for startupsMichalGromek
What is seed-funding, pre-seed funding, what is pre- and post-money valuation? When do we speak about a dilution of shares? Convertible debt and bridge financing. Explained in Plain English with online support clips to extend the knowledge. The presentation has been displayed at Stockholm School of Economics, 1320 Entrepreneurship and Opportunity course 1320 course on January 20th, 2017. Feel free to share and distribute this presentation. The goal of the presentation was to perform a short recap of introduction to entrepreneurial finance for a student with the non-financial background.
This short update marks the update of half of our course and project. This has been used a tool to present current challenges by the students and find a common solution in the following session. Course Entrepreneurship and Opportunity, Stockholm School of Economics, February 2017
Build your sharing economy strategy using trust and reputationMichalGromek
Todays' CEMS presentation on digitalization of trust and practical impact for both: giants like "Airbnb", "Uber" as well as a startup that is just launching their products and would like to use the trustworthiness of player with the higher amount of reputation like to Economist.
DET INFORMELLA NÄTVERKETS ROLL FÖR KUNSKAPSDELNING OCH INNOVATION. Det primära syftet med del två av vårt treårsprojekt: “The Internet and
its Direct and Indirect Effects on Innovation and the Swedish Economy”
är att undersöka hur Internet och digitaliseringen har påverkat
framväxten av entreprenörskap och innovation i Sverige.
Vår tidigare studie “Chasing a Tale of the Unicorn – A study of
Stockholm’s misty meadows” undersökte anledningarna bakom den
nuvarande "gasell"-företagssuccen i Sverige och i Stockholm. (klicka här
för att läsa studien).
I den här sammanfattningen vill vi belysa skillnaderna mellan formella
och informella nätverk och hur de låter organisationer ta sig till
erfarenhet, kunskap och resurser.
I studien har vi analyserat den senaste informationen ur vetenskapliga
artiklar och facklitteratur för att förstå kopplingen mellan informella
nätverk, överlappande styrelseuppdrag och hur dessa påverkar
företagets prestation och framgång.
Silicon Forest - Introduction to Fintech Stockholm MichalGromek
Presentation during the Swedish FinTech Delegation in Singapore 14-17.11.2016. Introduction to Stockholm FInTech only on 13 slides, what is a challenge :) More slides available on request. Performance is based on FInTech Stockholm Report 2015 & 2016
PLUG IN DIGITAL TOOLS TO YORU AUDITORIUM MichalGromek
This should presentation shows you four potential tools that you could use during an event, presentation or lecture to help you to engage the learning experience or increase the participation. Presented 1st of December, in the PhD 127 session at Stockholm School of Economics by Andrean Johansson, Peter Alekszeiev and Michal Gromek. You receive a free license to download and share it as you wish.
Trust and Reputation - alternative tool to increase the value of companies. MichalGromek
With the digitalisation of trust companies has discovered a nonfinancial tool to grow their business by understanding and helping their user to succeed. Here are some introduction slides to this topic, displayed at Stockholm School of Economics.
This presentation has been presented on September 19th 2016 in Stockholm: Key elements:
Types of crowdfunding, Investor behavior, the difference between Reward, Equity, P2P Lending, Crowdinvestment, Lending in Crowdfunding, How to choose a platform, Fintech, Kickstarter, FundedByMe, Unicorn, StartUp, Funding, Entrepreneurship.
Фамилия Имя Отчество:Ефимова Юлия Геннадьевна
Должность:Мастер производственного обучения
Место работы:КГКП «Костанайский колледж бытсервиса»
Направление:Техническое направление
Фамилия Имя Отчество:Ефимова Юлия Геннадьевна
Должность:Мастер производственного обучения
Место работы:КГКП «Костанайский колледж бытсервиса»
Направление:Техническое направление
The activities for out-scaling R4D technologies (lab & field)
Crop Improvement and Seed Systems
Cropping system and Natural Resources Management
Post harvest: Processing, Food and Nutrition
Economy and Social Science etc.
Cassava based R4D Technologies
Maize based R4D Technologies
Banana & Plantain based Technologies
Cowpea and Soybean based Technologies
Introduction to Business Angels, Venture Capital, FFF funding with up- and downsides. Review of the startup financing cycle and different types of funding connected to it.
Next-gen Network Telemetry is Within Your Packets: In-band OAMFrank Brockners
While troubleshooting or planning, did you ever wish to get full insight into which paths *all* your packets take in your network or were you ever asked to prove that your traffic really follows the path you specified by service chaining or traffic engineering? We approach this problem by adding meta-data to *all* packets - "In-band OAM for IPv6" and "path/service-chain verification" are the associated technologies. In-band OAM adds forwarding path information and other information/stats to every data packet - as opposed to relying on probe packets, which is the traditional method that tools like ping or traceroute use. In-band OAM information can either be accessed directly on the router or be available via Netflow. The presentation introduces in-band OAM as a technology and discuss a series of use-cases and deployment scenarios, ranging from proving that all packets traverse a specific path and troubleshooting forwarding issues in networks which use ECMP, over simple approaches to deriving the network traffic matrix, or trend analysis on network parameters such as delay or packet loss, to using iOAM as a tool to optimize forwarding in your network. The technology discussion is complemented references to demos (using Cisco IOS, FD.io/VPP, OpenDaylight Controller etc.) which showcase this new technology at work.
We developed and presented this report, which includes both a quantitative and qualitative investigation of FinTech investment in the Stockholm region. It was released in June 2015.
Made by Accenture
Global investment in financial technology
(‘fintech’) ventures has more than tripled
during the last five years – from under $930
million in 2008 to more than $2.97 billion
in 2013 (see Figure 1). Given the dramatic
changes occurring in financial services, driven
by new technology, regulations, consumer
behaviour, and the need for cost reduction,
this global trend is expected to continue for
the foreseeable future.
Top 10 startup success stories from Stockholm's tech scene 2014Tommy Sollen
2014 marked a remarkable year for Stockholm’s technology scene, with a number of start-ups receiving high profile investments and several reports highlighting the region’s competitive edge. During 2014, Stockholm was ranked as the world’s second fastest growing market for venture capital investments in technology. The Swedish capital was also ranked as the world's most ICT-mature city.
Tech firms like Klarna, King, Mojang and Truecaller gained massive international attention after landing investments from private fundraising, IPOs and takeovers.
“In the last few years, Stockholm has become one of the most talked-about places in the world thanks to its apps, games and digital services," British newspaper the Independent wrote in an article about the Swedish tech scene.
Stockholm's success also didn't go unnoticed on the sub-continent, with Indian newspaper the Economic Times gushing about how the city's "entrepreneurial climate has proved beneficial to technology companies from Ericsson and Skype to Spotify and King”.
Stockholm FinTech Report 2018 - updated versionMichalGromek
An examination on 248 pages of our Regional Digital FinTech Ecosystem, its investments, trends and review of 3069 LinkedIn profiles - by Stockholm School of Economics launched today at the Fintech Hub. See the link to the full report here https://www.hhs.se/en/about-us/news/2018/report-launch--highly-educated-talent-pool-fuels-fintech-in-stockholm
Chasing the tale of the unicorn: Executive summaryRobin Teigland
Executive summary of our report: http://www.slideshare.net/eteigland/chasing-the-tale-of-the-unicorn-a-study-of-stockholms-misty-meadows
Stockholm currently has some of the most successful high-tech startup companies in the world. New findings from a research team at the Stockholm School of Economics suggest that infrastructure, networks, business climate and supportive policies are key factors that explain Sweden’s success. The research report is part of the Innovative Internet project, funded by the Internet Foundation in Sweden, IIS.
This report presents the preliminary results of The Innovative Internet project, a three-year project funded by the Internet Foundation in Sweden, IIS. The project’s primary objective is to examine how the internet and digitalization have influenced entrepreneurship and innovation in Sweden.
The bank account is the hub of the financial life of consumers, and 95% of all Europeans have a bank account.
Trustly’s vision is to make bank payments simpler and easier for everyone, and we are now finally European for real – today available in 29 markets in Europe.
Finch Capital in partnership with Dealroom released a
detailed data analytical report titled ‘The State of European FinTech, 2019 edition’, and reveals the drivers behind the strong value creation, the investors and the buyers of the fintech over the last five years.
Updated Agenda / Registration: http://ftftelecom.eventbrite.com
FTF On Tour | FinTech meets Telecom
Mobile and Telecom-driven financial services for the “unbanked” are fast becoming the norm in emerging markets, but have yet to reach scale in Europe.
However, we see several factors coming together that could change the game:
- the rise of young and mobile millennials as well as a tech-savvy older generation in Western Europe
- a young, “underbanked” Central & Eastern Europe
a slew of recent deals (see chart) and
- the EU Payment Services Directive 2 (PSD2) legislation coming into effect by January 2018.
An invitation-only initiative run in collaboration with respective sector experts, FTF On Tour | FinTech meets Telecom, is the first to bring together FinTech startups with investors, telecoms and financial institutions looking to tap into these emerging opportunities in Europe.
Fifteen startups with the most compelling propositions in this space will be selected to present to an invitation-only audience of leading investors, telecoms and financial institutions on 23rd Mar. 2016 at the Airport Club, Frankfurt Airport.
Panel discussions with those at the forefront of this space will highlight the potential opportunities, challenges, the learnings so far and what to expect in the next 6-18 months.
An update to the previous year's Stockholm Fintech Study. Presented on 7 April 2016 at the Stockholm Business Region offices. Presenters were Nicholas Wesley-James and Claire Ingram. Robin Teigland provided support for the material.
We presented some updated numbers around investment into FinTech in the Stockholm region. This report was commissioned by the Stockholm Business Region.
History and Trends of FinTech in Germany, Austria and SwitzerlandElinext
The German-speaking region is traditionally perceived as strong and financially successful . Germany is believed to be a financial talent foundry, while Austrian Raiffeisen Bank is known in the whole world, and Switzerland is generally associated with money. But what’s behind these successes? What were the barriers the region had to overcome to be where they are now? And what are the possibilities and peculiarities of Fintech development in Germany, Austria, and Switzerland? Can the DACH region compete for the FinTech champion crown?
We talked about this and all else in our newest white paper. Read, enjoy and share!
This document describes the Sweden FinTech landscape, approaching the analysis from a FinTech, regulatory, Investment and talent standpoint.
This document serves as a snapshot of the key pillars of a FinTech ecosystem in a country and provides a good overall view of the state of FinTech at a glance.
Similar to STOCKHOLM FINTECH REPORT - SSE / Stockholm Business Region (20)
Nordic Legaltech - Digital Asset Panel MichalGromek
Time to Regulate Digital Assets? Panel presented during the Nordic LegTech Days on October 6th in Stockholm
Presented: Alexandra, Associate professor in corporate law and technology at Copenhagen University
Michal, Chief Compliance Officer at Safello
Ebba, CFO at Chromaway Åke André, founder of Crypto Rogue Games with Ulf Linden of Legalworks Nordic AB
Launch of the TackTeck Mentorship Program for Ukrainians in SwedenMichalGromek
Arriving in a new country always requires a reorientation. TackTech Ukraina is an apolitical association designed to assist in arriving members of the Ukrainian Tech Community in Sweden.
The project's structure has been based on Waza.nu, a network for Polish innovators and entrepreneurs in Sweden.
The association structure is based on best practices from trilateral experience and the triumphant assistance of Ukrainian members of the high-tech community who had to relocate to Sweden after February 24th, 2022.
After a successful launch of multiple meetups, TackTech.se is delighted to release that one-on-one cooperation with individuals who can assist in the process of discovering Sweden's cultural and business codes and is willing to exchange their experience with the new arrival from Ukraine.
This mentorship program has been specifically designed to empower and support Ukrainian specialists in the tech industry. We aim to create a beneficial and impactful experience for anyone participating in the program, be it a mentor or mentee. Our goal is to match them in between according to mentees' needs and mentors' expertise.
Public document: Regulation proposal for Crypto-Assets MichalGromek
Regulation of the European Parliament and of the Council on Markets in Crypto-Assets and amending Directive (EU) 2019/1937 COM(2020) 593/3 2020/0265 (COD). Featuring: Advisory, Custodianship, Stable Tokens, Cryptocurrency Brokerage, Creation of Digital Currency and Cryptocurrencies.
The Future Fintech Landscape and Its impact on Cash Management and Treasury. MichalGromek
Presented at the Nordic Cash & Treasury Management 2019, while focusing on upcoming challenges and advantages of Fintech innovation that might potentially change the way we work forever.
Opening of the Insurtech track at the Stockholm Fintech Week, a summary of the initial findings of the Nordic Insurtech Review, its problems in the ecosystem in the cooperation between traditional financial providers and startups and potential next steps in the form of InnoBridge.tech a none for profit that might create 'innovation call' and incorporate new solutions into traditional financial providers and their core systems.
The Guide to Start funding presented during MBA executive session at the Stockholm School of Economics Executive Education in February 2019. It features different types of Crowdfunding, ICO, tips and tricks for speaking to both Angels, VCs and other investors. Please use the links on different slides to connect to additional material.
First Nordic Insurtech Review - Work In Progress MichalGromek
As discussed at the Insurtech panel during the #SthlmFintechWeek please be so kind as to review if your company has been placed into the correct segment. There is a possibility to place the logo of a company into multiple 'segments' Please use the email address specified in the document for comments and questions. We will close this section of the review by February 18th, 10 AM (CET) 2019
Opening Presentation - Sthlm Fintech Week 2019- How to work together?MichalGromek
An anticipated solution to connect traditional financial players with Startups using a non-for profit solution called: InnoBridge.Tech - presented at the #SthlmFintechWeek -
#SthlmFinTech #InnoBridge
Work in progress - First Nordic Insurtech review v. 1.62MichalGromek
This is a preview of the first Nordic Insurtechs Review, that might be released during the Sthlm Fintech Week. Please review if we might be missing any Nordic Insurtech companies to fit the description listed in the document.
Feel free to join us at the Sthlm Fintech Week. Send or new companies to feedback to research@innobridge.tech by February 7th
We kindly refrain you from using this draft, as is represents work in progress and might be incomplete.
Extended keynote presentation during the SvD Insurance Summit in StockholmMichalGromek
Presented during the Svenska Dagbladet (SvD), Insurance Summit by October 2018. TRENDSPANING
The future Insurance landscape – best cooperation practices between Startups and Insurance companies
• The pathway towards InsurTech - how we got here
• The landscape of Swedish InsurTech
• What customers want: 8 key developments within innovative insurance companies
• Examples of the best practices from the Swedish InsurTech scene
Pilot Session - Executive Education for FinTech Startups MichalGromek
On March 16th together with the FinTech Hub in Stockholm we have launched a pilot training on executive education in FinTech with the focus on hands-on solutions for Fintech companies.
Introduction to Online Marketing for early-stage Startup Ventures MichalGromek
Introduction to SEO, SEM, Affiliate Marketing, terms like CPM, CTC, CPC, CPE and Programmatic. Explanation of terms like retention, conversation, explanation of partnership models in Affiliate Marketing and their networks.
Event Report - SAP Sapphire 2024 Orlando - lots of innovation and old challengesHolger Mueller
Holger Mueller of Constellation Research shares his key takeaways from SAP's Sapphire confernece, held in Orlando, June 3rd till 5th 2024, in the Orange Convention Center.
Kseniya Leshchenko: Shared development support service model as the way to ma...Lviv Startup Club
Kseniya Leshchenko: Shared development support service model as the way to make small projects with small budgets profitable for the company (UA)
Kyiv PMDay 2024 Summer
Website – www.pmday.org
Youtube – https://www.youtube.com/startuplviv
FB – https://www.facebook.com/pmdayconference
VAT Registration Outlined In UAE: Benefits and Requirementsuae taxgpt
Vat Registration is a legal obligation for businesses meeting the threshold requirement, helping companies avoid fines and ramifications. Contact now!
https://viralsocialtrends.com/vat-registration-outlined-in-uae/
Personal Brand Statement:
As an Army veteran dedicated to lifelong learning, I bring a disciplined, strategic mindset to my pursuits. I am constantly expanding my knowledge to innovate and lead effectively. My journey is driven by a commitment to excellence, and to make a meaningful impact in the world.
Putting the SPARK into Virtual Training.pptxCynthia Clay
This 60-minute webinar, sponsored by Adobe, was delivered for the Training Mag Network. It explored the five elements of SPARK: Storytelling, Purpose, Action, Relationships, and Kudos. Knowing how to tell a well-structured story is key to building long-term memory. Stating a clear purpose that doesn't take away from the discovery learning process is critical. Ensuring that people move from theory to practical application is imperative. Creating strong social learning is the key to commitment and engagement. Validating and affirming participants' comments is the way to create a positive learning environment.
Implicitly or explicitly all competing businesses employ a strategy to select a mix
of marketing resources. Formulating such competitive strategies fundamentally
involves recognizing relationships between elements of the marketing mix (e.g.,
price and product quality), as well as assessing competitive and market conditions
(i.e., industry structure in the language of economics).
Digital Transformation and IT Strategy Toolkit and TemplatesAurelien Domont, MBA
This Digital Transformation and IT Strategy Toolkit was created by ex-McKinsey, Deloitte and BCG Management Consultants, after more than 5,000 hours of work. It is considered the world's best & most comprehensive Digital Transformation and IT Strategy Toolkit. It includes all the Frameworks, Best Practices & Templates required to successfully undertake the Digital Transformation of your organization and define a robust IT Strategy.
Editable Toolkit to help you reuse our content: 700 Powerpoint slides | 35 Excel sheets | 84 minutes of Video training
This PowerPoint presentation is only a small preview of our Toolkits. For more details, visit www.domontconsulting.com
Understanding User Needs and Satisfying ThemAggregage
https://www.productmanagementtoday.com/frs/26903918/understanding-user-needs-and-satisfying-them
We know we want to create products which our customers find to be valuable. Whether we label it as customer-centric or product-led depends on how long we've been doing product management. There are three challenges we face when doing this. The obvious challenge is figuring out what our users need; the non-obvious challenges are in creating a shared understanding of those needs and in sensing if what we're doing is meeting those needs.
In this webinar, we won't focus on the research methods for discovering user-needs. We will focus on synthesis of the needs we discover, communication and alignment tools, and how we operationalize addressing those needs.
Industry expert Scott Sehlhorst will:
• Introduce a taxonomy for user goals with real world examples
• Present the Onion Diagram, a tool for contextualizing task-level goals
• Illustrate how customer journey maps capture activity-level and task-level goals
• Demonstrate the best approach to selection and prioritization of user-goals to address
• Highlight the crucial benchmarks, observable changes, in ensuring fulfillment of customer needs
B2B payments are rapidly changing. Find out the 5 key questions you need to be asking yourself to be sure you are mastering B2B payments today. Learn more at www.BlueSnap.com.
STOCKHOLM FINTECH REPORT - SSE / Stockholm Business Region
1. A dynamic hub for innovative payment, funding,
banking, and transaction technologies
Stockholm – Europe’s
No.2 FinTech city
June 2015.
A summary of the research report Stockholm FinTech – An overview of the FinTech
sector in the greater Stockholm Region by the Stockholm School of Economics (SSE).
Foto: Yanan Li
2. Introduction 02/11
In the last decade, the Nordic countries have produced
53 percent of Europe’s billion dollar exits. Sweden alone
has accounted for 50 percent of the Nordic exit value.
Stockholm plays a significant role in this activity as it
is an internationally recognized innovation engine and
prominent technology hub that performs way beyond
its size. For example, within recent years the city has
produced five unicorns, or start-ups with a valuation
exceeding $1 billion. These unicorns are Skype, Spotify,
King, Mojang, and Klarna. According to research
by Atomico, Stockholm has the 5th
highest number of
unicorns globally and is in 2nd
place with regards to
number of unicorns per capita, surpassed only by a
small margin by Silicon Valley.
The Nordic region’s leading financial center
Stockholm stands for one-third of the Swedish economy,
and its business community is home to many local and
multinational headquarters.
The financial sector plays a fundamental role in this
ecosystem and creates conditions for growth. It is the
fourth largest sector, by value, in the Swedish economy.
Stockholm is ranked as the leading Nordic financial
center, with strengths in such areas as innovation,
technology, and with the headquarters of four major
Nordic banks and the largest stock exchange.
The FinTech sector in this report
includes technologies for banking and
corporate finance, capital markets,
financial data analytics, payments,
and personal financial management.
The sector is growing rapidly and
global investments tripled from $4
billion in 2013 to $12 billion in 2014.
It has also attracted interest in a
number of regional hubs, such as
Silicon Valley, New York, London,
Stockholm, and Australia.
Cities such as London,
Stockholm, Berlin, and Helsinki
are places where ’success breeds
success’. These hubs start to
become magnets for the inflow
of entrepreneurs, talent and
capital. That makes it less likely
that entrepreneurs will look
elsewhere to grow.
Tom Wehmeier, Head of Research, Atomico
(Financial Times, June 5, 2015.)
Stockholm
– Europe’s
unicorn factory
Foto: Henrik Trygg
3. Facts and figures 03/11
2014 Activity
The year 2014 was a landmark year for investments in
Stockholm-based FinTech companies. In total 15 FinTech
deals attracted $266 million in investments. Moreover,
FinTech investment in Stockholm represented 32 percent
of total investments in Sweden.
Top five 2014 investments in
Stockholm FinTech companies
Klarna $125 Mln
iZettle $55.5 Mln
Trustly $28.8 Mln
Bima Mobile $22 Mln
KNC Miner* $14 Mln
* An additional $15 million were invested in 2014
but not disclosed until 2015.
More remarkable is that Stockholm’s 2014 investment
volume alone is half of the past five year total of $532
million invested in FinTech in the Stockholm region.
Traditionally the Payment and Trading & Banking
segments have received the biggest share of investments,
but lately there has been increasing activity in the
Cryptocurrency and Innovative Lending segments. For
example, the 2014 and 2015 investments in KnCMiner
made it one of the best-funded Cryptocurrency
companies globally.
Attracting big
investments
18%
of FinTech investment in Europe
$266 Mln
– 15 Investments. It represents
50% of the past five year total
3 exits
– 2 undisclosed
32%
of total investment in Sweden
Foto: Nicho Södling
4. Facts and figures 04/11
2nd largest city
in Europe with 18.3% of
the European total
31 investments
– $532 Mln
7 exits
– $360 Mln Disclosed
Stockholm – Europe’s No.2 FinTech city
Stockholm’s contribution to FinTech investments in Europe
over the past five years represents 18.3 percent of the
total FinTech investments and 7.7 percent of all deals.
Looking at the past 11 years, Stockholm comprises
15.9 percent of the total FinTech investments in Europe.
That puts Stockholm in the past decade as the second
highest funded city in Europe after London – and solidly
ahead of the third place city Amsterdam.
It is quite remarkable that Stockholm has achieved such
strong and stable results in FinTech, given its size and
that it does not have an extensive financial ecosystem
of accelerators, incubators, and niche investors such as
that found in other European financial centers.
Past 5 years
0
200
400
600
800
1,000
1,200
Rest of EuropeGermanyNetherlandsNordicsUK
Stockholm
USD millions
Total FinTech investment volume 2004-2014
Foto: Nicho Södling
5. 0
5
10
15
20
25
20142013201220112010
Annual investment numbers
for Stockholm FinTech companies
Number
of investments
Number of firms investing
in Stockholm FinTech companies
0
5
10
15
20
25
20142013201220112010
Origin of investors
Number of investors
Other US Europe
(Excluding
Sweden)
Sweden
The capital flowing into Stockholm FinTech companies
comes from many sources, and during the past five
years there has been a substantial increase not only
in the number of local investors but also the number of
investors from the US and Europe. From 2013 to 2014,
the number of unique investors grew by a factor of five
– from 5 to 25.
US investors: Accel Partners, BitCoin Opportunity
Corporation, General Atlantic, Greylock Partners, Intel
Capital, Sequoia Capital, Mastercard Worldwide,
American Express Ventures
European investors: Atomico (UK), Dawn Capital
(UK), GP Bullhound Sidecar (UK), Hasso Plattner
Ventures (Germany), Index Ventures (UK), Octopus
Ventures (UK), Sunstone Capital (Denmark), Zouk
Capital (UK)
Swedish investors: Bridgepoint Development Capital,
Conor Venture Partners, Creandum, Kinnevik, NFT
Ventures, NorthZone Capital, Partnerinvest Norr, SEB
Venture Capital, STING Capital
Other investors: Leapfrog Investments (Australia),
Link2Ventures (Singapore)
05/11Facts and figures
Prominent international
investors drawn to Stockholm
The big players are really
looking at Stockholm now.
Erik Engellau-Nilsson, Vice President Communications, KlarnaFoto: Yanan Li
6. The FinTech sector in Stockholm is diverse, and the
companies are mainly concentrated in downtown
Stockholm.
Payments: Accumulate, Allopass, Babs Paylink,
Betalo, Billhop, iZettle, Klarna, Mondido, MPS (Mobile
Payment Solutions), PayAir, Payex, Payground, Payson,
Prello, Qliro AB, Seamless Payments, Trustly, Vaulted
Payments, WyWallet
Trading & Banking: Aphelion, Camerontec,
Cinnober, CMA Small Systems, Neonet, Nordnet,
OMX Technology, Shareville (part of Nordnet),
SunGard Front Arena
Wealth Management: Avanza, InsPlanet,
Qapital, Tink
Cryptocurrency: Bitjoin, ChromaWay, Cryex,
KnCMiner, Safello
Innovative Lending: Consector, Crowdculture,
Emric AB, FundedByMe, Kortio, Lånbyte.se, Lendify,
Lendo AB, Myloan (owned by Insplanet), Qvido,
Toborrow, Trustbuddy
0
5
10
15
20
TransfersWealth
Management
CryptocurrencyTrading &
Banking
Other FinTechInnovative
Lending
Payments
Number of Stockholm-based FinTech companies by segment
2010 2013
06/11
Södermalm
Gamla Stan
Kungsholmen
Vasastan
Östermalm
Facts and figures
Transfers: Seamless Distribution, Swish (GetSwish AB)
Other FinTech: Algorithmica, BehavioSec, Bimamobile
(Milvik AB), Bolånegruppen (Our Interest AB), Mopper,
ORC Group/Orc Software, Pantor, Tbricks, TriOptima,
Zenconomy, Trema
Stockholm’s successful
FinTech companies
Map of Stockholm-based FinTech companies
7. In addition to the fast pace of growth in FinTech
investment, the revenues of FinTech firms have also seen
consistently strong growth with 2013 revenue estimates
for the Stockholm FinTech sector at $1.3 billion, an
increase of 25 percent over 2010 values. Trading
& Banking with 38.8 percent of total revenue and
Payments with 33 percent are main segments driving
FinTech revenue.
Main segments driving FinTech
revenue in Stockholm region in 2013
33%
12%
9%
5%
2%0%
39%
Cryptocurrency
Transfers
Innovative Lending
Wealth Management
Other FinTech
Payments
Trading & Bank
SEK millions
0
500
1,000
1,500
2,000
2,500
3,000
3,500
CryptocurrencyTranfersInnovative LendingWealth
Management
Other FinTechPaymentsTrading & Banking
2013 FinTech revenue in Stockholm, company establishment date highlighted
Companies founded
pre-2003
Companies founded
2003 and onwards
07/11Facts and figures
Revenue drivers
Foto: Nicho Södling
8. The Stockholm region employs approximately 197,000
individuals in full-time high-tech positions, which is
18 percent of the region’s total employment. The
region boasts the highest per capita concentration of
high-technology employees of any large business region
in Europe.
Total FinTech employment in Stockholm reached
an estimated 4,600 full-time employees in 2014.
Furthermore, the FinTech sector in Stockholm is rapidly
increasing – with a solid 44 percent increase from 2010
to 2013. Going forward, employment is expected to
grow even more.
Full-time employees
0
200
400
600
800
1,000
1,200
1,400
1,600
1,800
CrypocurrencyTransfersInnovative LendingOther FinTechWealth
Management
Trading & BankingPayments
FinTech employment in Stockholm by segment in 2010 and 2013
2010 2013
Good ideas aren’t enough for
success. What makes Stockholm
unique is that we have a high
level of execution intelligence
here. Not only do programmers
have a deep level of technical
skills, but they also understand
how to turn technology into a
product that creates value in a
global market.
Daniel Blomquist, Partner, Creandum
08/11Facts and figures
44% employment
growth 2010-2013
Foto: Staffan Eliasson
9. The tech environment in Stockholm and in the greater
area of Sweden has been very successful, and many of
Sweden’s largest multinationals today are the result of
technological innovations that have developed over time.
In the early 1980s, Sweden experienced a very high
inflation rate and high levels of household indebtedness.
This, together with the growth of an active money
market in certificates of deposit and treasury bills in
the early 1980s, drove a call for deregulation of the
financial market in Sweden.
Following this, Optionsmäklarna (OM) was created
in 1984. Not only was OM the first options exchange
in Sweden but also the first exchange ever to enable
remote trading and one of the first electronic exchanges
globally. This initial innovative approach taken by OM
set the stage for a first wave of companies specializing
in software for electronic trading such as Cinnober and
Front, companies that we would now call FinTech today.
The deregulation together with foreign direct investment,
the expansion of the ICT sector, and high internet and
smartphone penetration have created an advantageous
climate for FinTech businesses in Stockholm, as
evidenced by examples such as Klarna and iZettle
as well as by Nordnet and Avanza, competitors to
the traditional banks. History reveals thus not only a
development of the technology prerequisites but also of
the market possibilities in the financial market, and these
factors combined have paved the way for a strong future
development of FinTech in Stockholm and Sweden.
Background
@investstockholm #sthlmtech
Meet Stockholm’s path
to Fintech success
1950 1960 1970 1980 1990 2000 2010
1959
Bankgirot
founded
1968
World’s first
online ATM
in Sweden
1985
Swedish
financial
and credit
markets gets
deregulated
First wave of electronic trading
software companies emerges
1990s
Sweden invests
in internet infrastructure.
2003
First BankID
issued in
Sweden
2014
FinTech
Funding in
Stockholm
explodes
iZettle
founded
2012
TriOptima
exit $160M
iZettle
raises
$55M
Klarna
raises
$125m
in PE
2010
Neonet
$160M exit
1967
First ATM
installed
in Sweden
1984
Optionsmäklarna
(OM) opens
in Stockholm,
Sweden’s first
stock option
market, electronic
trading introduced
1998
Merger between
Stockholm’s Stock
Exchange and
OM Stockholm
2005
Klarna
founded
Unicorns such as Skype, King,
Spotify and Mojang founded
2007
NASDAQ
acquires
OMX Group
09/11
The Stockholm area is on the leading edge of financial services
development. Don’t forget that technology is not everything. You
have to have the knowledge to succeed in this globally competitive
sector, and Stockholm is at the forefront of knowledge development
as it has built up extensive competence during the past 30 years.
Olof Stenhammar, Nasdaq OMX, Founder of OMX
It is no coincidence
10. The Nordic financial hub
Stockholm’s position as the Nordic financial hub is the
result of more than 30 years’ experience integrating
IT with marketing and new product development
operations.
Strong startup ecosystem
There are a number of successful firms that act as role
models by setting high standards inspiring current and
future entrepreneurs while serial entrepreneurs share
their expertise and reinvest in new firms.
Community of high-tech early adopters
Consumers in Stockholm and in Sweden are high-
tech early adopters, and multinationals often choose
Stockholm as a testing market for the development of
new products.
A natural global focus
Sweden’s smaller market size encourages almost every
startup to think and act as a global player from the start.
Stockholm is a leading region and a desirable
location
Stockholm is number two in Europe and number five
in the world as the birthplace of the world’s most
successful billion dollar companies.
Strong government and social security
Sweden has a stable government and a strong
regulatory framework, which provides a solid base
for companies looking to expand abroad. Substantial
social benefits reduce the risks faced by entrepreneurs
and costs for companies, thus encouraging startup
and innovation.
Swedish leadership style
A bottom-up and flat, non-bureaucratic management
style empowers creativity and innovation and enables
high quality product development that is difficult to
duplicate elsewhere.
The future 10/11
A dynamic hub for innovative
payment, funding, banking, and
transaction technologies
Foto: Henrik Trygg
11. Going forward
To gain even more momentum, efforts are being made
by various actors to further develop the FinTech sector
and community in Stockholm. For example, one idea
includes developing the appropriate indices and metrics
to enable local businesses and the region to show the
competitiveness of the region. This would further attract
skilled individuals and financial resources, not just to
a single firm but to Stockholm – a vibrant hub full of
opportunities.
Research for the SSE report was conducted through
interviews with business leaders in the Stockholm
FinTech and investment community and secondary data
collection. Data were also provided by the Accenture
FinTech team in the UK. Additional data in this report
were accessed from Creandum, Atomico, and the
Financial Times.
Stockholm School of Economics
Associate Professor Robin Teigland
robin.teigland@hhs.se
PhD Candidate Claire Ingram
claire.ingram@hhs.se
Research Assistant Nicholas Wesley-James
nick.wesleyjames@gmail.com
Stockholm Business Region Development
Business Development Manager Torbjörn Bengtsson
torbjorn.bengtsson@stockholm.se
Business Development Manager Julika Lamberth
julika.lamberth@stockholm.se
More on FinTech Stockholm
www.investstockholm.com/fintech
11/11The future
Foto: Henrik Trygg