finnovasia presentation: challenger banks the game changers
TRANSCRIPT
Challenger Banks: The Game Changers
Chris Gledhill @cgledhill
Chris GledhillCEO & Co-Founder Secco @cgledhill
Hannibal's army crossing the Rhône (Year 200 BC)Henri-Paul Motte
Banks
FinTechStartups
Startup Restrictions
EconomyChallenger
Bank
Regulators
Challenger BankDisruption
Re-b
rand
Re-s
kin
Resta
rtRe-bundle Re-connect
Re-engineerRe-invent
??
?
A Bank in 2016 A Bank in 2020
saves, investsand lends Money
stores, monetizes and licensesData
monetary Transactionsrecorded on a ledger
Interactions containingunstructured data payloads
a quantitative Balancerepresents personal wealth
a qualitative Reputation represents personal value
architectures Centralizedwith hierarchical clearing
active Omnichannel customer engagement,
primarily via mobile
Hyperchannel passive customer primarily via social channels
Decentralized architecture with localized value stores
operates within Localborders and fiat currencies
operates a Global platform with digital currencies
building bank APIsfor integration
hosting customerIPIs for collaboration
Banking Reinvented
Bank
s Defi
ne M
oney
Banks Create Money
Banks Hold M
oney
90%+ FinTech Startups
To challenge banking think outside the box
Bank APIs =
Customer IPIs =
Diablo III – www.blizzard.com
If Money makes the world go round.
Change the money and you’ve changed the
world
Challenger Banks: The Game Changers
Thank you