startup turkey
TRANSCRIPT
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“Chris Skinner: one of the most authoritative voices on Fintech anywhere”
SETH WHEELERFORMER ECONOMICS ADVISORTO THE US PRESIDENT ANDTHE WHTIE HOUSE
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“Chris Skinner: one of the most authoritative voices on Fintech anywhere”
SETH WHEELERFORMER ECONOMICS ADVISORTO THE US PRESIDENT ANDTHE WHTIE HOUSE
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• What is the ValueWeb?• What technologies are
being used?• Why FinTech is so hot!• The impact upon
financial institutions• The future
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5
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SLOW EXPENSIVE
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SLOW EXPENSIVE
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FAST EXPENSIVE
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FAST FREE
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REAL-TIME NEAR-FREE
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NEAR-FREE
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Iqram Magdon-Ismail
Andrew Kortina
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Harper ReedDylan Richard
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NEAR-FREE
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PROOF
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How Bitcoin workssender sends bitcoin to receiver and, once validated, the transaction is recorded to the blockchain …
… receiver gets bitcoin from sender and can spend it only after the blockchain confirms transaction
anyone can see the transaction in the blockchain
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… and sosender sends anything to receiver and, once validated, the transaction is recorded to the blockchain …
… receiver gets something from sender and can spend it only after the blockchain confirms transaction
anyone can see the transaction in the blockchain
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• What is the ValueWeb?• What technologies are
being used?• Why FinTech is so hot!• The impact upon
financial institutions• The future
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to a server at System
4.5 1 5.5
THE SERVER
the server at
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Monitise was once one of Britain's hottest fintech companies … but the company always struggled to make a profit, becoming known in the City as a classic "jam tomorrow" company - next year, they said, next year.. The rise of fintech actually hurt Monitise, as it has faced competition from nimbler payment companies like Stripe and Adyen, and giants like Apple and Google.
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• What is the ValueWeb?• What technologies are
being used?• Why FinTech is so hot!• The impact upon
financial institutions• The future
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RETAIL BANKING
WEALTH MANAGEMENT
COMMERCIAL BANKING
INVESTMENT BANKING
INSURANCE
PAYMENTS
BACK OFFICE[MANUFACTURING]
MIDDLE OFFICE[PROCESSING]
FRONT OFFICE[RETAILING]
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RETAIL BANKING
WEALTH MANAGEMENT
COMMERCIAL BANKING
INVESTMENT BANKING
INSURANCE
PAYMENTS
BACK OFFICE[MANUFACTURING]
MIDDLE OFFICE[PROCESSING]
FRONT OFFICE[RETAILING]
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RETAIL BANKING
WEALTH MANAGEMENT
COMMERCIAL BANKING
INVESTMENT BANKING
INSURANCE
PAYMENTS
BACK OFFICE[MANUFACTURING]
MIDDLE OFFICE[PROCESSING]
FRONT OFFICE[RETAILING]
WEALTH MANAGEMENT
INVESTMENT BANKING
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RETAIL BANKING
WEALTH MANAGEMENT
COMMERCIAL BANKING
INVESTMENT BANKING
INSURANCE
PAYMENTS
BACK OFFICE[MANUFACTURING]
MIDDLE OFFICE[PROCESSING]
FRONT OFFICE[RETAILING]
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RETAIL BANKING
WEALTH MANAGEMENT
COMMERCIAL BANKING
INVESTMENT BANKING
INSURANCE
PAYMENTS
BACK OFFICE[MANUFACTURING]
MIDDLE OFFICE[PROCESSING]
FRONT OFFICE[RETAILING]
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RETAIL BANKING
WEALTH MANAGEMENT
COMMERCIAL BANKING
INVESTMENT BANKING
INSURANCE
PAYMENTS
BACK OFFICE[MANUFACTURING]
MIDDLE OFFICE[PROCESSING]
FRONT OFFICE[RETAILING]
![Page 63: Startup turkey](https://reader034.vdocuments.mx/reader034/viewer/2022042723/586fc0651a28aba24c8b46ad/html5/thumbnails/63.jpg)
RETAIL BANKING
WEALTH MANAGEMENT
COMMERCIAL BANKING
INVESTMENT BANKING
INSURANCE
PAYMENTS
BACK OFFICE[MANUFACTURING]
MIDDLE OFFICE[PROCESSING]
FRONT OFFICE[RETAILING]
![Page 64: Startup turkey](https://reader034.vdocuments.mx/reader034/viewer/2022042723/586fc0651a28aba24c8b46ad/html5/thumbnails/64.jpg)
RETAIL BANKING
WEALTH MANAGEMENT
COMMERCIAL BANKING
INVESTMENT BANKING
INSURANCE
PAYMENTS
BACK OFFICE[MANUFACTURING]
MIDDLE OFFICE[PROCESSING]
FRONT OFFICE[RETAILING]
![Page 65: Startup turkey](https://reader034.vdocuments.mx/reader034/viewer/2022042723/586fc0651a28aba24c8b46ad/html5/thumbnails/65.jpg)
RETAIL BANKING
WEALTH MANAGEMENT
COMMERCIAL BANKING
INVESTMENT BANKING
INSURANCE
PAYMENTS
BACK OFFICE[MANUFACTURING]
MIDDLE OFFICE[PROCESSING]
FRONT OFFICE[RETAILING]
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• What is the ValueWeb?• What technologies are
being used?• Why FinTech is so hot!• The impact upon
financial institutions• The future
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69
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“Chris Skinner: one of the most authoritative voices on Fintech anywhere”
SETH WHEELERFORMER ECONOMICS ADVISORTO THE US PRESIDENT
email: [email protected]: Chris_Skinnerwebsite: www.chrisskinner.global