1. LGERI 2 LG Business Insight 2015 6 17 . . , , , , . . , . .
(banking) (bank) . . . ID . . . , . , . . . . , . . .
[email protected] 1. 2. 3. Unbundling() 4. 2. LGERI LG Business
Insight 2015 6 17 3 . ICT() . , . Venture Scanner 2015 6 9 , 53
1,141 , , , , , .1 2014 122.1 2013 40.5 3 .2 2014 63% . (IPO) . P2P
(Lending Club) 2014 12 14 8 7000 . 12 17 (OnDeck) 2 . 2014 , . 3
ActiveX . 9 (Alipay) . . , . ActiveX 10 , 2001 3 . . ICT , . ,
(Fintech) (Electronic Banking) 1Venture Scanner, Where are FinTech
Innovations Happening?(2015 6) 2Accenture, The Future of Fintech
and Banking: Digitally disrupted or reimagined?(2015 3) 3. LGERI 4
LG Business Insight 2015 6 17 . . 1. () . , () . ICT . IT,
(Electronic Banking), (Financial Engineering), (Technology
Financing) ICT , . . , HTS(), , . 90 ( 1, 2 ). ? ICT ? , ? . 0 20
40 60 80 100 (11) (11) (10) (11) (09) (11) (12) (14) () () (%) 1 ,
: ( ) : 0 20 40 60 80 2005 2007 2009 2011 2013 2015 CD/ATM 2 : : 4.
LGERI LG Business Insight 2015 6 17 5 . . 2007 . 24 . 2011
(Software is eating the world) .3 , 3Wall Street Journal, Why
Software Is Eating The World(2011 8) . (Early Adopter)? (adoption)
. . 5000 . , , (bill of exchange) , . . 2 (back office) . (IC) , .
1980 PC (front office) . , , . . , . , (HTS) . . : , (2010) Firdos
T. Shroff, Modern Banking Technology(2007) 5. LGERI 6 LG Business
Insight 2015 6 17 . , , . , , , 4 . , . . . 4 . Gartner The Nexus
of Forces .4 5 1994 . . . (banking) (bank) . . . 4Gartner, The
Nexus of Forces : Social, Mobile, Cloud and Information(2012 6)
5Banking is necessary-banks are not( , 1994) . 6. LGERI LG Business
Insight 2015 6 17 7 . . , M-Pesa , . , . . . SNS, , . , , (New
Normal) . , , .6 '' , . . CEO '' (Jumpstart Our Business Startups
Acts) (IPO) . 6OECD, Financing SMEs and Entrepreneurs 2015: An OECD
Scoreboard(2015 4) M-Pesa . 7. LGERI 8 LG Business Insight 2015 6
17 . , 2012 4 (accredited investor) , , P2P . , , . , . . . .
Accenture , 2008~2014 74% . . . .7 ICT . . , ICT 7( , 2015 1) . 8.
LGERI LG Business Insight 2015 6 17 9 . . , '' . 1 MMF . 2. ? . ,
(Electronic Banking) . ErnstYoung (Traditional Fintech) (Emergent
Fintech) .8 (facilitator) (disruptor) . , . (BIS) , 8ErnstYoung,
Landscaping UK Fintech(2014 8) . 9. LGERI 10 LG Business Insight
2015 6 17 ICT , . . IT , . , ICT . . . . , . , Zopa P2P , . Dumb
Pipe9 9Dumb Pipe Smart Pipe Dumb Pipe . 1 * (supply chain)
(intermediaries) . . : ErnstYoung, Landscaping UK Fintech(2014 8),
LG (Electronic Banking) (Fintech; Financial Technology) (BIS)
(innovation in financial services where technology is the key
enabler) Positioning (facilitator) : (disruptor) : * IBM(IT),
Infosys(IT), SunGard(), Symantec() Alipay(), Transferwise(),
Kickstarter( ), Lending Club(P2P ), Wealthfront( ), FidorBank(),
CoinBase(Bitcoin) IT ()-(+)-() ()-(+)-() PC , /IT , 10. LGERI LG
Business Insight 2015 6 17 11 . , . . SWIFT10 . , 11 . , , , ,
IoT(), VR( ) ICT . . , . , . , . . 65 . , . vs (Clayton
Christensen) (creative 10SWIFT (Society for Worldwide Interbank
Financial Telecommunication) . 1973 5 . , , SWIFT 11 (UK Government
Office for Science) . 1) Financial technologies (FinTech) integrate
fiance and technology in ways that will disrupt traditional
fiancial models and businesses and provide an array of new services
to businesses and consumers 2) FinTech/fiancial technologies-used
to describe innovation in financial services, covering new products
from start- ups, or the adoption of new approaches by existing
players where technology is the key enabler. It spans many
industries including banking, insurance, asset management and
trading. 11. LGERI 12 LG Business Insight 2015 6 17 , .
destruction) (disruptive innovation) . (sustaining innovation) ,
(disruptive innovation) . (The Innovators Dilemma) , . . , . , , .
, . (Shadow Banking) . , P2P . 2014 7% 110 .12 , . CEO Jamie
12Goldman Sachs, Future of Finance Part 1: The rise of the new
Shadow Bank(2015 3) 12. LGERI LG Business Insight 2015 6 17 13 .
Dimon (Slilcon Valley is coming) . , Urs Rohner (disruption) . PwC
, . (fundamental changes) . , .13 2015 1 , .14 3. Unbundling()
Unbundling .15 ATM (Walter Wriston) . . . 2014 10 13Bank of
England, One Bank Research Agenda(2015 2) 14, 2015 (2015 1)
15Information about money has become almost as important as money
itself ( , , 1967-1984 ) 13. LGERI 14 LG Business Insight 2015 6 17
.16 ICT . . Unbundling of a Bank . , (unbundling) . , , , , , ( , )
(P2P , Crowdfunding ) (commoditized)17 . , . (niche) . . . , . ?
Unbundling of a Bank 2 . 16Financial transactions are just numbers;
its just information. (Bloomberg, Andreessen on Finance: We Can
Reinvent the Entire Thing, 2014 10) 17 - Unbundling of a
Bank.(Source: CBinsights) 14. LGERI LG Business Insight 2015 6 17
15 , , , , . . . 4 ( 3 ). (1) (), (2) MA, (3) , (4) . 3 MA BBVA,
OnDeck (14.5) BBVA, Simple 1.17 MA(14.4) Wells Fargo, (14.8)
Commonwealth Bank, Property Guide ( ), , (14.2) Barclays, P2P
RainFin 49% (14.3) HSBC, 2 (14.5) Bank of America, Cardlytics
Santander, Funding Circle (13.7) Sber Bank( ), Deniz Bank(SNS
Banking ) 35 (12.6) UBS, Innovation Spaces (14.5) Garanti( ), GPS
SNS : Wayne BuschJuan Pedro Moreno, Banks New Competitors:
Starbucks, Google, and Alibaba, HBR(2014 2) Karen MillsBrayden
McCarthy, The State of Small Business Lending: Credit Access during
the Recovery and How Technology May Change the Game, HBS(2014 7)
Accenture, The Future of Fintech and Banking: Digitally disrupted
or reimagined?(2015 3) 2 - , , , , , ( ) Venmo(), TransferWise(),
Coinbase() - , , , , (), , Kickstarter(), Lending Club(P2P ),
Wealthfront(), FidorBank() , - , , () Bought By Many() , , - , , (,
), TrustCloud(), CREDScore(), Mint() : KIF, (2005 11), LG 15. LGERI
16 LG Business Insight 2015 6 17 (Biometrics) . . , ID 17 . . , , ,
, ID, , . , , IoT . ID ? , , . , , (Biometrics) . , , . . , ID . -
P2P , () () , , , , . 16. LGERI LG Business Insight 2015 6 17 17
(Uber) P2P , . , . . , , , . , . . . (Uber) , , P2P , ? ?
(Transferwise) (VoIP) (Skype) 2011 P2P . . , A B , C D , A C D B
(swap) . A B, D C , . . 10 1 , (daylight robbery) . , 9 , 5 . . , .
. (daylight robbery) A B C D 2() 2() A B C D TransferWise 2() 3 :
LG 17. LGERI 18 LG Business Insight 2015 6 17 2009 2015 100% . . ,
. , KickStarter , . 2009 2015 100% , . . , . . . , . . . . Zopa P2P
. . , , Pricing . . . , ( ) 0 10 20 30 40 2009 2010 2011 2012 2013
2014 2015e () 100.5% 4 , : : Massollution 18. LGERI LG Business
Insight 2015 6 17 19 . . , (CREDScore) , , . Wealthfront, OnDeck .
, , , . . (network industry) . , . . . . , , P2P . . , 1 OTT OTT
Over The Top . , VoIP( ), , , . ' ' '' OTT . (network industry) , .
OTT , OTT . OTT , . . OTT , . 19. LGERI 20 LG Business Insight 2015
6 17 . . . . , . . . . , , , , . . . . . , , . (; ) . 4. 5 . 20.
LGERI LG Business Insight 2015 6 17 21 , . (digital first) . . , .
, . . . , 24 ? (Narrow banking) () () (wide bank) . Economist 2015
5 The fintech revolution , P2P , .1 , . (Volcker Rule)2 1The
Economist, The fintech revolution(2015 5) 2 , (Vickers Rule)3 , 4 ,
. 3 4IMF, Making Banks Safers: Can Volcker and Vickers Do IT?(2011
11) ( ) 5 : , (2007 1) 21. LGERI 22 LG Business Insight 2015 6 17 ,
. . . . ICT , . , (regulatory arbitrage) . . , , (gray zone) . . .
.18 , . , (disruptive innovation) . (Joseph Schumpeter) . () 18LG
Business Insight, (2015 1) 22. LGERI LG Business Insight 2015 6 17
23 ' ' . () . '' '' . . , (user experience) , . . ,
(disintermediation) , . . .www.lgeri.com