a car pulled by a horse: is it the future of finance?
TRANSCRIPT
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Wecolme Message!
The activities of a company associated with buying and selling a product or service that includes advertising, social media, selling products Marketing is based on thinking about the business in terms of customer needs and their satisfaction marketing
differs from selling because in the words of the best university of the world.
A car pulled by a horse
Is it the future of finance?Huy Nguyen Trieu@huynguyentrieu
Credit:Justacarguy blog
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The rise of Fintech has been breathtaking
@huynguyentrieu@Finnovasia– HK30May2016
ThePulseofFintech,KPMG,Mar2016
Wired,March2015
PeerPressure,PWC,February2015
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But we’re seeing cracks in the walls
@huynguyentrieu@Finnovasia– HK30May2016
TheTelegraph,May2016
Bloomberg,February2016
FinancialNews,May2016
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What is the future of finance
?
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We’re very bad at predicting major changes
@huynguyentrieu@Finnovasia– HK30May2016
70%
10%
98%
1996 2005
NokiaMotorola
LGSonyEricsson
iOSAndroid
Source:GartnerGroup
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What is the future of finance?
@huynguyentrieu@Finnovasia– HK30May2016
PollatOxfordSaidBusiness School
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A very strong trend: unbundling of finance
@huynguyentrieu@Finnovasia– HK30May2016
BANK
PAY
INVEST
BORROW
AFFIRM
EARNEST
ZOPA
KABBAGE
PRODIGY
MONDO
NUMBER26
ATOM
LOOT
NEAT
BETTERMENT
ACORNS
MOTIF
SIGFIG
NUTMEG
VENMO
KLARNA
SQUARE
IZETTLE
PAYFRIENDZ
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Cheaper and better (We’ve seen it before…)
@huynguyentrieu@Finnovasia– HK30May2016
Pets.com
Petsmart
Petplanet
Petstore
Petopia
Vitamins
PlanetRX
More.com
MotherNature
VitaminShoppe
Toysmart
Toytime
eToys
KBKids
Smarterkids
Beauty.com
Eve.com
BeautyJungle
Gloss.com
iBeautyCredit:Pixabay
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Cheaper and better : Good. Or Bad?
@huynguyentrieu@Finnovasia– HK30May2016
High Customer Acquisition Cost
Margin Pressure
CustomerInertia
Challenging…
But not Impossible!
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@huynguyentrieu@Finnovasia– HK30May2016
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Incremental thinking is more natural
@huynguyentrieu@Finnovasia– HK30May2016
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Disruptive thinking is harder
@huynguyentrieu@Finnovasia– HK30May2016
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3 disruptive trends inFinance
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InvisibleFinance
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@huynguyentrieu@Finnovasia– HK30May2016
Do you need to see finance?
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Watch theWhite Space
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Increasing number of sectors are underserved
@huynguyentrieu@Finnovasia– HK30May2016
TheEconomist,August2014
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36% 31% 31%
22% 22%
100%113%
130%
94%
63%
Indonesia Philippines Vietnam Cambodia Myanmar
Bank
Mob
ile
Whole countries will leapfrog
@huynguyentrieu@Finnovasia– HK30May2016
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DataMonetization
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A new business model for finance?
@huynguyentrieu@Finnovasia– HK30May2016
InterestIncome
Fees
65%
0%
35%
0%0%
100%
Typical Bank Google
InterestIncome
Fees
Data
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What is the future of finance?
@huynguyentrieu@Finnovasia– HK30May2016
PollatOxfordSaidBusiness School
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Wecolme Message!
The activities of a company associated with buying and selling a product or service that includes advertising, social media, selling products Marketing is based on thinking about the business in terms of customer needs and their satisfaction marketing
differs from selling because in the words of the best university of the world.
Disruption is never obvious. But it’s still coming.