twisto - fintech (r)evoluce conf. 2017 · source: world fintech report 2017 fintech +50%...

Michal Smida Founder & CEO michal.smida@twisto.cz

Banks FinTech … don't miss the train!

Why should you care?

Source: World FinTech Report 2017

FinTech +50%non-traditional financial firms

Customers expect morewant it now!1Dynamics have changed87% go online first2

IT legacy12 month release cycles3Compliance and regulationhinders agility and risk taking 4

9 000European branches

closed last year

Banks

FinTech 2 Bank

Access new customerssmartphone first, young, affluent & savvy

Alternative distributiononline & mobile

Agile & Customer centricbetter customer experience/UX

Ownership & dedicationentrepreneurial spirit, key to innovation & quality

Bank 2 FinTech

$ $$

Patient “strategic” capitalVCs short investment horizon

Working capital financingespecially for lending companies

Access to mass markettrust is key to scaling

Expansionsupport, infrastructure & market know-how

Series A investment

130 mn CZK

International banks are already IN

60 partnerships and 12 investments

financed $1bn (30%) of Lending Club’s portfolio

invested $200mnin Atom Bank

N26, Revolut, Twisto… and many others

invested $200mnin Klarna

We are IN

13

The investment landscape is changing

… banks replacing VCs

Germany

… leading partnerships in Continental EU Looks like a very good coverage …

Looks like a very good coverage …

Are Czech banks missing the train?

Conservative … captive to international mothers

Mindset …“we can do it better” in-house

KPIs … reward schemes focus on core banking, not innovation

Young FinTechs … 5-10 years behind the US, UK, China

Legal framework … not actively promoting innovation

YES

400+ factors analysed pre transaction

Response under 1 second

Machine Learning … Neural Networks

Offering credit scoring engine

NIKITA

Czech vision 2020+

FinTech at core of Bank’s product innovation

82% expect to increase FinTech partnerships in the next three to five years

PWC Global FinTech Report (2017)

…. so why not start right now?

Source: https://www.finextra.com/finextra-downloads/newsdocs/pwc%20global%20fintech%20report.pdf

Staying competitive with FinTech…

Top Czech banks

FinTech

Challengerbanks

Get in touch with them!

Michal Smida michal.smida@twisto.cz

or Czech FinTech Association, more at czechfintech.cz Maria Staszkiewicz maria.staszkiewicz@czechfintech.cz

40+ FinTech's in CZ