entrepreneurship fintech & islamic finance v1.4

ENTREPRENEURSHIP - FINTECH & ISLAMIC FINANCE

A TALK

INCEIF STUDENT ENTREPRENEURSHIP CLUB

JAMAL NASSARPh.D Candidate

5TH Oct. 2016

CONTENT Video Intro to Startup Entrepreneurship Entrepreneurship & Malaysia Dev. Global Insights & Trends Malaysia Entrp. & fintech landscape Industry players Fintech Recent initiatives Fintech Sandbox Where Does IF Stand? What’s Next for Entrp. Club?

SOCIAL ENTREPRENEURSHIPSE: BY MAGIC

SOCIAL ENTREPRENEURSHIP - MALAYSIAHTTPS://WWW.YOUTUBE.COM/WATCH?V=A6UARO-S2CC

WHY STARTUPS? Startups that create new jobs Bread innovation & creativity Attract international talent and foreign direct investments (FDI). Build an ecosystem and network connectivity, which is the single most important contributor to growth. Source: StartupCommons.org

STARTUP ECOSYSTEM

Startup Ecosyst

em

Universities

Funding org.’s

Service Providers

Research org.’s

Support org.’s

Startup Ecosystem: Ideas, inventions and

research Entrepreneurs Startups & Startup team

members Angels Investors Mentors Advisors Other entrepreneurial people Related organizations

EXTREME ENTREPRENEURSHIP

A new report estimates that, as of 2014, MIT alumni have launched 30,200 active companies, employing roughly 4.6 million people, and generating roughly $1.9 trillion in annual revenues.

Illustration: Christine Daniloff/MIT

Source: http://news.mit.edu/2015/report-entrepreneurial-impact-1209

GLOBAL TRENDS - ENTREPRENEURSHIP

ENTREPRENEURSHIP & THE MALAYSIAN NATIONAL DEV. POLICY

Source: Malaysia 11th Plan

ENTREPRENEURSHIP & THE MALAYSIAN NATIONAL DEV. POLICY

Source: Malaysia 11th Plan

ENTREPRENEURSHIP & THE MALAYSIAN NATIONAL DEV. POLICY

Source: Malaysia 11th Plan

GEM 2015/16 GLOBAL REPORT - MALAYSIA

STARTUP SCENE IN MALAYSIA

GLOBAL TRENDSFINTECH – ISLAMIC FINANCE & ENTREPRENEURSHIP

INSIGHTS & TRENDSSearch Keyword: Fintech

INSIGHTS & TRENDS

INSIGHTS & TRENDS

ENTREPRENEURSHIP GLOBAL ORGANIZATIONS

1. Entrepreneurs’ Organization.2. Young Entrepreneur Council.3. FoundersCard.4. Social Enterprise Alliance.5. Startup Grind.6. Edward Lowe Foundation.7. Vistage8. Association of Private Enterprise Education9. Young President’s Organization10.Ashoka11.The Entrepreneur’s Club12.United States Association Small Business

and Entrepreneurshiphttps://www.entrepreneur.com/article/241192

MALAYSIA ENTREPRENEURSHIP & FINTECH LANDSCAPEINDUSTRY PLAYERS

Industry Players

SUPPORTIVE ORGANIZATIONS

MDEC

www.MSCmalaysia.my

MSC

www.MSCmalaysia.my

FOCUS AREAS

MSC AR 2015

MAVCAP in 2001 to invest in ICT companies

MAVCAP

SuperSeed

500 Durians Gobi Partners

VC Partners Program

CRADLE SND. BHD. Cradle 2002 to fund startups spur innovation & tech

MAGIC

http://mymagic.my/en/

RECENT INITIATIVES Establishment of MaGIC 2014

Sandbox Concept by BNM

Startup incentives by MDeC

International & Regional Venture Capital Funds setting up base or investing in Malaysia

Training, Academy, Incubator, Accelerator and SE.

An international Fintech initiative applied in US, UK, (Australia 2017), Singapore and Hong Kong.70% tax incentive, employ 20 foreign talent, Bill of Guarantee & financing schemes Gobi Funds in Partnership with MAVCAPDurian Startups an investment Fund of Startup500& many others.

RAPID DEVELOPMENT Bank Negara in June 2016 established the Financial Technology Enabler Group (FTEG).

The FTEG is contactable @ fintech@bnm.gov.my.

Discussion Paper on Fintech Regulatory Sandbox  released on 29 July 2016

Source: http://www.bnm.gov.my/index.php?ch=en_press&pg=en_press_all&ac=3414

FINTECH! Officially entered the Oxford Dictionary in 2014, is defined as: “computer programs and other technology used to support or enable banking and financial services”.

PwCestimates that cumulative investment in FinTech globally could exceed USD150 billion within 3 to 5 years, and that over 20% of financial service businesses will be ‘at risk’ from FinTech companies by 2020.

Data provided by StatistaThe first half of this year, online transactions in Malaysia: Totaled US$6.37 million (RM26.3 million), in comparison to US$769.3 billion recorded globally.

McKinsey & Company report: the number of global fintech startups had exceeded 2,000, more than twice the figures less than a year ago. http://www.nst.com.my/news/2016/10/177308/local-lenders-path-digital-dominance

OBJECTIVES OF THE REGULATORY SANDBOX

Advance financial technology Enable deployment of innovation in a live environment

Incorporate appropriate safeguards to manage the risks and contain the consequences of failure

Testing period limited to 12 months

For more Refer to BNM.gov.my

RECENT INITIATIVES

Source: http://www.smecorp.gov.my/index.php/en/

EXAMPLES OF FINTECH STARTUPS

SunTrust Bank Nigeria Nigeria’s first financial technology bank. Charles Onyema Ugboko, Chairman of SunTrust Bank Nigeria, explained that the bank’s target was to bring financial services to the 40 million unbanked people in Nigeria

In just two years, Nigeria has become PayPal’s 3rdlargest mobile e-commerce market, expecting USD 819 million in transactions by end 2016

Source: https://itu4u.wordpress.com/2016/09/15/embracing-fintech-examples-from-nigeria-and-singapore/

Innovation: We encourage a culture of experimentation and research, to create, with financial ingenuity, products and solutions that are simple, creative and responsible where entrepreneurship and prudent risk-taking are encouraged, rewarded and incorporated.https://suntrustng.com/about-us/

FINTECH GLOBAL TREND

INTERNET ACCESS &USE FOR PAYMENTS

Global Findex database 2014World Bank

FINTECH GLOBALLY

https://einargunnar.com/2016/03/08/startup-reykjavik-is-an-opportunity-for-fintech-companies/

FINTECH GLOBALLY – NEW YORK

http://letstalkpayments.com/

FINTECH GLOBALLY - SINGAPORE

http://letstalkpayments.com/

FINTECH GLOBALLYINDIA

http://letstalkpayments.com/

FINTECH VALUATION & TECHNOLOGY TRENDS

Source: https://www.linkedin.com/pulse/fintech-valuations-technology-trends-arpit-mishra

What is blockchain?A blockchain is a data structure that makes it possible to create a digital ledger of transactions and share it among a distributed network of computers. It uses cryptography to allow each participant on the network to manipulate the ledger in a secure way without the need for a central authority.

WHERE DOES ISLAMIC FINANCE STAND?

HAVE AN IDEA? I Don’t have money, can I ever start anything? I have an idea, how do I ensure its viability? If I want to venture into a small business, how do I explore it first? where to start?

Who to talk to? How to proceed? How to start with minimum cost? Who to partner with?

NEXT TALK!

HAPPENING

Q & A

Jamal Nassar

@Jaamaal_ntojamalnassar@gmail.com017-611-4090