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www.i5invest.com
FinTech in Austria and InternationallyOeNB September 2016
2 | 12/09/2016
The view of OeNB?
Source: ÖNB
3 | 12/09/2016
Table of contents
Who we are1
3
Requirements and Challenges in FinTech2
4
Investments and Markets – International vs Austria
5
Current FinTech Trends
Regulation – Best Practices 6
FinTech Partnership Scenarios
Glossary – FinTech Terms7
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Requirements and Challenges in FinTech
Business Model
Customer Focus
SolvencyFlexibility
Attracting Talent
Uncertainty ofRegulations
Difficulties to partner up with Banks
Difficulties to attractLarge Customers
Challenge
Challenge
Challenge
Challenge
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Overall Investment per Geography, 2011-2015
$ 2,4 $ 2,8 $ 3,9$ 12,2
$ 19,1457607
759933
1162
0
500
1000
1500
$ ,$ 5,
$ 10,$ 15,$ 20,$ 25,
2011 2012 2013 2014 2015
Fintech Investment (Billion USD) Number of Deals
Annual Global FinTech Total Investments
Annual North America FinTech VC Investments Annual Europe FinTech VC Investments
Top FinTech VC Funds - North America Top FinTech VC Funds - Europe
$ 1,6 $ 1,8 $ 2,2
$ 4,4 $ 7,7237 271
328 355 378
0
100
200
300
400
$ ,$ 1,$ 2,$ 3,$ 4,$ 5,$ 6,$ 7,$ 8,
2011 2012 2013 2014 2015
Fintech Investment (Billion USD) Number of Deals
$ 0,4 $ 0,3 $ 0,3 $ 1,1 $ 1,535 70 70 96 125
0
100
200
300
400
$ 0,$ 1,$ 2,$ 3,$ 4,$ 5,$ 6,$ 7,$ 8,
2011 2012 2013 2014 2015
Fintech Investment (Billion USD) Number of Deals
Source: CB Insight, KMPG
2020
+54.8% CAGR
2016-2020
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100%
14% < 9%$ 0,
$ 50,
$ 100,
$ 150,
Germany Switzerland Austria
FinTech - Growth Area for Austria
Source: Sonovate, Statista.de
Wealth Management Platforms New Payment Services Investment Platforms Online Financial Advisors
vAustrian’s FinTech Start-Up Growth Areas
1.2.3.4.
Berlin (Germany)
Zürich (Switzerland)
Frankfurt (Germany)
Vienna (Austria)
TOP FinTech Hubs - DACH Region FinTech Transaction Value 2016 (Billion USD)
Historical gate to CEE banking region Governmental Start-Up Program
Not fully discovered FinTech MarketSuitable potential legacy partners
vSome Benefits for FinTechs in Austria
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v
FinTech’s trends are changing fast and are widespread
“95% of banks believe to lose business to Fintechs”
“25% of banks keep on ignoring FinTech partnerships”
Banks FinTech
Consumer Banking
Fund transfer & payments
Wealth Management
SME Banking
1.2.
3.4.
Current Situation of Banks
Biggest FinTech Trends
Financial ChatbotAdviser (A.I.), Robo Adv.
Peer-to-PeerLending/Insurance
Quick Adaptionof Blockchain
New Payment Players
Real EstateCrowdfunding
Expanding Alternative Banking
Importance ofCyber Currencies
Utilisation of Big Data
Most disrupted sectors by FinTech until 2020
Source: PwC Global FinTech Survey 2016, i5invest
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v
Partnerships will be key in the future of BFSI
Non-/ and FinTech Start-Ups Large Banks and FinTechs Large Banks and Tech-Players
Information Technology is taking an ever more important part in the financial industry.Partnerships are therefore needed because
Differences in Management & Culture
Differences in Operational Processes
Regulatory Uncertainty IT Security
Bank’s biggest reservations regarding FinTech Partnerships
Source: PwC Global FinTech Survey 2016, i5invest
1. 2. 3. 4.
Customers get more digitalized
FinTechs only focus on one part of the supply chain
Partnerships are therefore needed between
Cost reduction and higher efficiency
“Enables n26’s customers to transfer money abroad in
different currencies”
“Enables myGeorge users to predict their future
account balance”
“Provides Barclays’ customers with new mobile commerce
and payments solutions”
The IT and Finance markets are broad
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Regulation approaches in other countries
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How to ensure a safe regulative environment
Direct communication between regulators and fintechs.
Offer fast and transparent regulatory review of potential new fintech products or services.
Create a support system or kit to help fintech startups meet regulatory requirements.
Roll out consumer awareness initiatives to increase demand.
Encourage traditional financial institutions to invest in or partner with fintech startups — preferably non-exclusively.
1.
2.
3.
4.
5.
FMA FinTech
Regulation
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