MAGPI Craig Rispin Keynote 10 October 2016

Craig Rispin CSP

“Craig we’ve seen more change in the last 3 years

than in the last 30.”

A.T. Kearney Studied Why

Strategic Plans Tend to Fail...

Strategy Formulation What Goes Wrong?

88%Lack of Understanding of Future Trends

Did You Know - That in 2028?

Video & Discussion

Discuss with a Partner:

What Did You Find Most Interesting in the Video?

Just Remember the Future is:

Dealing with Dichotomy

Peril/ProfitInstitutions/PeersRetail/Ecommerce

Branches/Branchless

“If change is happening on

the outside faster than on

the inside -the end is in

sight.”

-Jack Welch

154 Startups are Valued at More Than

$1 Billion

Uber - World’s Largest Transport Company, Owns No Vehicles

Airbnb - World’s Largest Accommodation Provider, Owns No Real Estate

400,000+

Facebook - World’s Most Biggest Media Owner, Creates No Content

Billions of Customers are Having Incredible

Experiences...

Then They Turn Up at Your Place...

Or Download Your App...

When Will We See the Uber of

Your Industry?

Would You Like to Use Some of Their Ideas?

Credit Unions &The Future

What’s the Biggest Opportunity for

Mutuals?

What’s the Biggest Risk for Mutuals?

Peer-to-Peer Lending

P2P or Marketplace Lending

What is Peer-to-Peer lending? A mechanism to connect people or

businesses who want to borrow money with investors who want to

lend money, without going through a traditional financial institution.

The Global P2P Market Will Be Worth $897.8B By 2024, Up From $26.16B Last Year

Peer-to-Peer Consumer Lending: Becoming the First Choice

How likely are you to do the following?

96%

86%

95%

The Market Is Anticipated To Rise At A Whopping

CAGR Of 48.2% Between 2016-24

Wells Fargo:Total average loans

of $885.4 billion, up 7 percent

Lending Club:Total average loans

of $20 Billion, up ~ 100%

Operating Expense Ratio

Wells Fargo: 5.63%Lending Club: 1.98%

7

Peer-to-Peer – State of the market

Australia – still comparatively small� market approx AU $20m� key players: SocietyOne, RateSetter� But new players all the time

Morgan Stanley

Peer-to-Peer Consumer Lending: Motivation for Borrowing

Craig Rispin CSP