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Dimitris Litsikakis
Global Head of FinTech, deVere Group
Adding Value toPayments
Digitalization of banking is mainstream
46% of banking services consumers use only digital channels
(vs 27% four years ago)
82% of Millennials, bank entirely by their phones.
PwC Digital Banking Consumer Survey
FinTech deals soar to new records
$55B FinTech funding globally
Double vs 2018
Branches are over
The average person visits a branch maybe 10 times a year, but they’ll visit their mobile app 300 times a year.
The battle of Fintech is over
The battle of TechFin is about to begin
GAFA (Google, Amazon, Facebook & Apple)
are revving up their engines
Banking-as-a-Service
The way people interact with money is changing
and Banks should meet the demand for:
• Data-driven
• Secure
• Real-time
platforms that provide excellent customer experiences
Platformification
Platform FinTech companies will have an edge because of their openness and information sharing models.
They can offer more services, provide easier access from anywhere at anytime, and better understand customer needs.
New Revenue Streams
Enabling digital wallets
around the world
deVere Vault
White Label Solution
The first 100% customizable digital wallet on the market• Turn-key solution
• Super fast deployment (3 months)
• Tailor-made customization based on your unique requirements
Co-brand
Launch your very own payment card solution and stay ahead of competition
Take your loyalty scheme to a new level
Engage deeply with your customers
The ultimate branding tool
What is Vault?
An advanced multi-currency Digital Wallet
Debit Card• MasterCard
• Multiple currencies, unlike most bank cards
• Contactless Payment Feature
App• Available for Android and iOS
• Intuitive and easy to use
• Full control and transparency
Unique Features
Companion cards for Friends & Family• Light KYC documentation required• Money can only be received by Vault to Vault transfer
from master cardholder• Lower limits and spend control available for children
under 18 years old
High Limits:• Maximum wallet balance at any time: €200,000• ATM (max single txn: 600, daily: €1,300)• Spend (max single txn and daily: €4,500)• Load (max single txn and daily: €10,000)
Vault to Vault Transfers
Instant & free
global money transfers
in 27 currencies
FX Rate Alerts
Get notified instantly when a currency pair hits your target.
Competitive inter-bank FX rates
Gamification ➔ client stickiness
What else?
Interest• Focus on savings (1% interest) not on spending (cashback)• Higher balances
Premium cards• Distinctive card design• Even higher load and spend limits• Better FX rates
Vault for Business• Corporate cards for expense management & payroll
dimitris@deVere-group.com
Questions?
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