12 th February 2018 The Digital Disruption has already happened - - PowerPoint PPT Presentation

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12 th february 2018 the digital disruption has already
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12 th February 2018 The Digital Disruption has already happened - - PowerPoint PPT Presentation

Jul 13, 2023 982 likes •1.78k views

12 th February 2018 The Digital Disruption has already happened Worlds largest taxi company owns no taxis: Uber Largest accommodation provider owns no real estate: Airbnb Largest phone companies own no telco infra: Skype &

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12th February 2018

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The Digital Disruption has already happened

  • World’s largest taxi company owns no taxis: Uber
  • Largest accommodation provider owns no real estate: Airbnb
  • Largest phone companies own no telco infra: Skype & WeChat
  • World’s most valuable retailer has no inventory: Alibaba
  • Most popular media owner creates none of its own content: Facebook
  • World’s largest movie house owns no cinemas: Netflix
  • Largest software vendors don’t write the apps: Apple & Google
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Framework of Exponentials: Diamandis’ 6 Ds

  • Digitised
  • Deceptive
  • Disruptive
  • Dematerialise
  • Demonetise
  • Democratise
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Apple 30 Things video

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Democratisation When a technology spreads across the world Predicted there will be a billion handsets in Africa this year

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Force: Rising Billion

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“Right now, a Masai warrior using Google on a smart phone in the middle

  • f Kenya has access to more information than the U.S. president did just

15 years ago“

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Artificial Intelligence (AI), Robotics, 3D Printing, Synthetic Biology, Media Tech, Nanotech, Solar, Networks & Sensors

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Internet of Things

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Technology is a Resource Liberating Force Converting Scarcity ⟶ Abundance

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Yet-to-be-Disruptive Meat Growing Tech

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Amazon Prime Air

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Artificial Intelligence Augments Human Intelligence

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Complex Communication

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The price of solar has dropped 99.5% since 1977

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Price of Energy Storage

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By 2030 Electric Vehicles will be cheaper than the cheapest car sold in the US in 2015

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Current Automative Model

Under- utilised Polluting

Time Consuming Dangerous

45% of global

  • il demand. 70

gal/person on earth annually 400bn hours of time spent

  • perating a

vehicle 1.3mm traffic related deaths globally <4% utilisation

  • n a 24 hour

day

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Self-driving cars

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Smartphones for diagnosis

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What is a genome?

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DNA Sequencing Explosion

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Treating the healthy, not the sick Personalised medicine

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Is Finance OK?

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Framework of Exponentials: Diamandis’ 6 Ds

  • Digitised
  • Deceptive
  • Disruptive
  • Dematerialise
  • Demonetise
  • Democratise
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Smartphones for under R600

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Half a billion Smartphones will be sold in Africa by end 2020

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In developing countries more households own a mobile phone than have access to electricity or sanitation

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A bank in 2020 will store, monetise & license a customers’ data You can deposit data like money. Lend, spend, invest and earn interest from your data

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Prediction: By 2025 virtual currencies will compete with national currencies

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Complex Communication

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Robo-advisors

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User base: 50, 000+ registered data scientists

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LENDING BLOCKCHAIN / CRYPTO REGTECH PERSONAL FINANCE PA YMENTS/ BILLING MONEY TRANSFER/ REMITTANCES WEAL TH MANAG EMENT CAPITAL MARKETS MORTGAGE/ REA LEST A TE INSURANCE

WHATFINTECHCOVER S

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Unbundling leads to rebundling

# 1 F I N T E C H R E B U N D L I N G

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Before: Unbundling the bank

Over the last ten years, fintech startups have targeted single underserved financial products with better UI, digital marketing, and branding

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Now: Fintechs build, buy , and partner to grow

MONO -P R O D U CT T O M U L T I –P RODUCT Startups move beyond a one- product model and are launching new services to expand customer’s digitalfootprint LE VE R AG ING TE C H F O R P RODUCT I N N OV AT I ON Startups focused on personalization create new methodologies to deliver services more efficiently and holistically OP EN N EW I N V EST I N G C HAN N ELS Startups are creating next- gen investment platforms for newasset classes ahead of bankofferings

1 2 3

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Credit Karma provides free credit scores and monitoring for 75M+

  • members. In 2016, the

company did over $500M in revenue by aggregating financial products and offering them to its members Competitors.

MO V I N G B E O N D A N A G G R E G A TO R T

  • tal

Funding $368.5M Select Investors Ribbit Capital, Q E D Investors, CapitalG $105M $82.5M

~1 million

Users filed tax returned with the IRS through Credit Karma’s free tax softwarein 2017

EX PAN DI N G INTO T A X

In January 2018, Credit Karma partnered with MetaBank to offer online refund advances up to $1,000. Users of the no-interest loan receive the advance via an American Express prepaidcard.

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From P O S to lending, is crowdfundingnext?

Square patent grant highlights how data and technology can lead to product innovation Therecently granted patent details how a merchant might make the request through the Square point-of-sale terminal, include specific terms (e.g. return

  • n

investment), and be evaluated based on its processed transactions history.

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FI N T ECH S EXPAN D I N T O N EW ASSET CLASSES AH EAD OF BAN KS T

  • tal

Funding $85.98M Select Investors Balderton Capital, Index Ventures, RibbitCapital

Revolut is a personal finance app for customers to buy , hold, and exchange currencies at a reducedfee. In addition to applying for a banking license, Revolut added fintech partnerships & added cryptocurrencies to the platform in2017. Competitors

$138.2M $14.6M $52.6M

6 4

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Fintechs will expandtheir global footprint

# 2 C H A L L E NG E R B A NK S

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More to come in 2018?

In 2018, European banks from the UKand Germany may look to challenge U S fintech for market share and tech talent

PUT T I N G D O W N G L O B A L R O O T S LAUN CH I N G IN T H E U S

TransferWise is launching its new borderless account and debit card that can hold 28 currencies

in oneaccount January 18, 2018 |

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Banks forgo partnering in favor of fighting fintech with fintech

# 3 BANKS INC R E ASE FINTECH PRODUCT CR E A TIO N

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Early incumbents backed wealth tech startups

Q1’12 – Q4’17(11/14/17)

Lines represent equity investment rounds

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Now, incumbents prefer to launch their own robo-advisor instead of white labeling

2017 UNDER DEVELOPMENT 2017 LAUNCHED WHITE- LABEL

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Problem: The cost of medical aid puts it out of reach of most South Africans

Solution:

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Problem: Most asset managers underperform the market, yet still ask big fees

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Problem: SA bank fees are high and South Africans don’t save enough

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Thank you