INNOVATION AS A SERVICE

WE ARE A EUROPEAN B2B FINTECH AIMING FOR

LEADERSHIP IN THE DIGITAL RETAIL WEALTH

MANAGEMENT AND INVESTMENT SPACE

± 100

Robos in

Europe***

WE LAUNCHED IN JUNE

2018

± 100

Robos in

Europe***

Yet another Roboadvisor?

THE POTENTIAL HAS NOT YET BEEN REALIZED BY FAR…

± 100

Robos in

Europe***

22,8 trillion AUM

in europe in 2016*

0,01%

in Robo or

<5 Billion AUM**

10 Trillion EUR on

saving accounts in europe in 2017**

THERE IS CLEARLY A NEED FOR A NEXT GEN ROBO ADVISORY, AND A DIFFERENT DISTRIBUTION CHANNEL….

Going well beyond

too simplistic

algorithmic

approaches, and

too simplistic asset

allocation methods

Be B2B(2C)

instead of B2C

Ensure API based

‘real’ integration

with a financial

player’ core

banking systems

and PMS systems

Bring

‘compliance

driven’ MIFID 2

legislation to a

higher value

added

custolmer

interaction

1 2 4 6

Integrate deep

end customler

research based

upon an

anthropological

and behavioiral

science

approach,

instead of being

‘product driven’

3

Integrate value

adding

services like

story telling;

more dynamic

engagement,

financial

education, etc.

5

9

ONE MORE

THING…WE ARE

ALSO BUILDING…A

NEXT GENERATION

WHITE LABELED RETAIL ONLINE

TRADING PLATFORM

Is the old cosy world

of face to face

‘offline’ banking a

picture of the past?

B2B WILL BE THE WINNING MODEL, CHALLENGER/MOBILE ONLY PLAYERS AND INCUMBENTS EMBRACING ‘DIGITAL’ HOLD THE KEY

Challenger banks

Established B2C Financial institutionsTech firms

Established Financial Advisors

Robo Advisors Retail Investors

TECHNOLOGY TO POWER

TECHNOLOGY TO POWER

OUR OFFER: ROBO-AS-A-SERVICE

A customisable

FRONT END

A truly unique

ALGORITHM

MIFID II compliant

onboarding module

API-based

BACK END

1 2 3 4

1

13 MONTH PROGRAM AT ALIOR ENDING IN DEC WITH A GO TO MARKET PROPOSAL

Using MPT is not what I would recommend a 25

year old do now.

A lot had happened since I published that article

in 1952.

Prof. harry Markowitz, Nobel Prize in Economic Sciences.

2

A FOURTH GENERATION APPROACH TO RISK…iVAR

VOLATILITY

VALUE AT RISK (VaR)

CONDITIONAL VaR (CVaR)

INVESTSUITE VaR (iVaR)

Considers investment

returns are

non-normally

distributed

Penalizes only losses,

not gains

Considers that correlations

between

investment

returns change

over time

Considers the entire return

distribution (ie

all possible

losses)

More proprietary

considerations

& benefits

iVAR AS A RISK MEASURE…LOOKING AT HOW A REAL INVESTOR PERCEIVES RISK

0

1

2

3

4

5

6

Po

rtfo

lio

Va

lue

Time

Portfolio Value iVaR

2

BACKTEST TIMESERIES2

BACKTEST RISK VS. RETURN

2

INVESTMENT & PORTFOLIO

MANAGEMENT SYSTEM

API GATEWAY

QUEUE

SETTING SERVICE

PORTFOLIO SERVICE

VIEW SERVICE

MICRO SERVICES

BROKER CUSTODIAN

MARKET DATA PROVIDER

1. Request Portfolio Optimization2. Send Portfolio

3. Add portfolio to queue4. Subscribe to portfolio feed5. Get portfolio settings

6. Publish transaction proposals7. Supply transaction proposals8. Web sockets / callback

9. Place order10. Order status

1

2

8

3

4 6

57

9

3

10

OUR INCOME MODEL WILL BE A MIX OF FIXED AND VARIABLE INCOME, INCLUDING LICENSE AND MAINTENANCE FEES

B2C “assets” = 1 – 3 Trillion OpportunityB2B “managing” these assets: 50 – 60 bps of 1 – 3 TrillionAUM

Set Up fees (pre-study & implementation)

Licence Fee

bps earned on client AUM = % (50 – 100 bps) x client’s AUM

BART VANHAERENCEO

Seasoned Banking Executive

Founded 3 businesses

20 years banking experience

Ex GE Capital; Arthur D. Little;

KBC Securities

MBA IMD/Lausanne

EMMANUEL WILDIERSHEAD PRODUCT R&D

Master in Electrotechnical

Engineering

CFA charterholder

Head Portfolio Construction

at KBC Asset Management

Senior Quantitative Equity

Analyst/ Portfolio Manager at Schroders, London

LAURENT SORBERCTO / CO-FOUNDER

Ph.D. in Mathematical

Engineering, Summa cum

Laude

Founder of B2C roboadvisory

Founder of AI & machine

learning consultancy

BIG DATA MODELLING

CREDIT RISK ANALYTICS & POLICIES

AI & MACHINE LEARNING

ASSET MANAGEMENT

SOFTWARE ENGINEERING

FULL STACK DEVELOPMENT

BPO

PORTFOLIO MANAGEMENT

SERVICE / UX DESIGN

JUST CLOSED A 2 MIO EUR SEED

07/2019

04/2018

700K own

money

Runway Phase 1:

12 months

Runway Phase 2:

24 months

1.3 million Seed money / VC

@ pre-money

valuation 2,7 million EUR

2 – 3 million

EURA Round

12/2018

5 YEAR REVENUE

TARGET:

€ 5.000.000 (REALISTIC

€ 10.000.000

(STRETCH)

Long term target: > 100

billion AUM via our

systems

05 06 07 08 09 10 11 … 05 06

LEUVEN

LUXEMBOURG

WARSAW

LEUVEN – WARSAW – LUXEMBOURG – FRANKURT -COPENHAGEN