9 march 2015, epca payment summit 2015 - payment innovation by holland fintech
TRANSCRIPT
Sub-sector Market Size Venture Capitalallocation
Details
Banking IT Spend $ 180 billion 29%Banking IT spend by is expected to total $179.2bn in 2013 (from Celent). IT spending is expected to grow by 3.6% in 2014 and 3.4% in 2015.
Capital Markets $ 513 billion 5%* Foreign Exchange: global FX and remittance market $513bn in 2011,rising +7% by 2015.
Payments $ 20 billion 28% Mobile payments: $17bn in 2013, rising to $110bn by 2017.Virtual currencies: $2.1bn in 2012, rising to $4.8bn by 2016.
Banking/Corporate $ 4 billion 5%*P2P lending: $1bn in May 2012 in US, £250m in 2012 in UK, rising to£1bn by 2014.Crowdfunding: $3.2bn globally in 2012.
Personal Finance $ 3900 billion 14% Personal wealth management: market globally $3.9tr of retail assets under management.
Data analysis $ 16 billion 19% Data analysis / big data is upcoming and difficult to assess in market size
Sources: Datafox.com and Forbes.com
Phase 1: optimising existing financial infrastructure
• Payments
• Customer experience
• Risk management
Phase 3: new financial infrastructure models
• Block chain technology
• Sharing models
• Peer to peer everything
The role of regulators in fintech
• Traditionally: regulate institutions• Future: regulate functions
• Slowly opening up to innovation (PSD2)• Still a large barrier to entry… and innovation
Government & regulatory support
Investor deal support
Startup growth support
Corporate innovation support
Research & news service
Incubator with housing & local network
Live connections & Events
International network of FinTech Hubs