the fintech wave

Copyright © 2015 Kantox

The Fintech Wave London, 2015


• The Fintech wave • 1st Wave: “Verticals”

Lending club

Kantox • 2nd Wave: “Banks”

Fintech banks

Marketplace banking

GAFAs

Index


“Fintech” - Definition

Companies that leverage TECHnology to build disruptive business models in the

FINancial industry


“Fintech” - The enemy


“Fintech” - Why now?

• Industry pain points:

Opacity

Overpricing

• Maturing digital economy and appetite for alternative finance

• Changing regulatory frameworks supporting Fintech: Payment Service Directive, banking licenses in the UK


“Fintech” - The promised land

EFFICIENCY

TRANSPARENCY

FAIRNESS

SIMPLICITY

1

2

3

4


“Fintech” - Obstacles

• Trust issue

• Banks are trying to react with « ugly plays »

• No Fintech is a one stop shop

• Regulation is complex and not global


“Fintech” - Evidence


1st Wave - “Verticals”

Copyright © 2015 Kantox Kantox | Corporate Presentation

We are building an alternative FX marketplace where businesses and financial institutions can exchange foreign currencies

1st Wave - “Verticals” Kantox

Copyright © 2015 Kantox Kantox | Corporate Presentation

1,3% Average % saved per transaction

3,39% Largest % saved to a single client

€400.000 Largest amount saved to a single client (per year)

46 Million EUR Total amount saved to our clients from inception

100.000+ EUR Average amount per trade

33 Million USD Largest single trade

1.700 # of clients

2 Billion EUR Amount exchanged from inception

1st Wave - “Verticals” Kantox


2nd Wave: “Fintech banks”



• Online relationship:

20.000 branches closed in Europe since 2008

Millenials want the relationship to be online • User experience:

Banks are really bad at offering a great online customer experience (not in their culture)



Built from scratch

Banking license

Mobile first

Zero legacy

1

2

3

4


2nd Wave: “Marketplace banking”

Bank based on 5 simple elements: 1. Core banking platform built from scratch

2. API layer to connect to 3rd parties

3. A customer base / CRM (customer support team)

4. Compliance / KYC infrastructure & processes

5. Banking license (independence / ability to hold client funds)



Products offered limited to “funds holding”:

• Bank accounts • Credit and debit cards • e-Wallet

Other services provided by 3rd parties / API:

• Old-school banks • Financial institutions • Fintech companies


2nd Wave: “GAFAs”

• Super strong brand image

• Highly focused on customer service & UX

• 73% of Millenials declare being more excited about a new offering in financial services from GAFAs than their own bank


« I am dying to fund a disruptive bank »

Marc Andreessen

Founder of Netscape Investor

Headquarters

Longcroft House

2-8 Victoria Avenue

London EC2M 4NS

UK

(+44) 20 3608 6984

Barcelona Office

Torre Mapfre, Planta 10

Marina, 16-18

08005 Barcelona

Spain

(+34) 935 679 834

Kantox Ltd is authorised

in the United Kingdom by:

The Financial Conduct Authority (FCA)

as a Payments Institution, under the

Payment Services Regulations 2009.

(REF: 580343).

HMRC as a Money Service Business

(REF: 12641987).

Information Commissioners Office

for applicable data protection laws

(REF: PZ2909796).

kantox.com


the fintech wave

Investor Relations