Cebit Sydney 10th October 2013

Why is everyone so hung up about payments when no-one pays for anything anymore?

@Chris_Skinner

www.thefinanser.com

Becoming Digital is the challenge for all, as customers demand new services focused upon 21st century technologies. The challenge is that most of us are stuck with systems built in the last century.

In this age of the mobile internet, where cloud computing allows anyone to scale from small to big data and back again, we are all wondering what to do to evolve our businesses to this new model of servicing and processing.

This book provides the answers for a Digital Bank strategy through the insights of one of the markets leading practitioners providing case studies, knowledge and opinion in order to show the way forward.

Digital Bank not only includes extensive guidance and background on the digital revolution in banking, but also in-depth analysis of the activities of incumbent banks such as Barclays and new start-ups such as Metro Bank in the UK, as well as disruptive new models of banking such as Alior Bank in Poland and FIDOR Bank in Germany. Add on to these a comprehensive sprinkling of completely new models of finance, such as Zopa and Bitcoin, and you can see that this book is a must-have for anyone involved in the future of business, commerce and banking.

“Chris Skinner is simply one of the most brilliant minds in banking, and he’s always an entertaining read.” The Financial Brand commentary when awarding Chris Skinner’s blog the Reader’s Best Banking Blog Award

1973 1983

1993 2003

1963

2013

1973 1983

1993 2003

1963

2013

1973 1983

1993 2003

1963

2013

Mobile is hot

Money makes the world go around

Information security is critical

Banks are for banking

Mobile is hot

Kenyans transferred Ksh1.5 tn ($15bn)

in mobile money in 2012,

up 31.5% with users up 9.9% to 21.1m

It took 13 years to get two million customers using Internet banking; it took just two months to reach that number for mobile banking. [Barclays Bank]

It took 10 years to get twenty million contacts per month through Internet banking. It took 18 months for mobile.   [Société Générale]

Everyone’s a merchant

Video 1 - Square

Augmented service

Video 2 - Nymix

Mobile is not hot

Money makes the world go around

Over 80 percent of Tencent’s revenue comes from value-added services that users pay for using QQ coins (币 , Bì) QQ’s virtual currency. Tencent introduced QQ coins in 2002, and the currency has since become the main driver of China’s virtual goods market, valued at about US$5 billion in 2009.

Money is just data

If you had invested $10,000 in

Bitcoins in October 2011, they

would have been worth

$1,750,000 by April 2013[or $850,000 today]

Mobile is not hot

Data makes the world go around

Information security is critical

Mark Zuckerberg (facebook)

Mark Zuckerberg (facebook, 2009)

Mark Zuckerberg (facebook, 2012)

Randi Zuckerberg (instagram, 2012)

Aaron Barr (HB Gary)

Mobile is not hot

Data makes the world go around

Information security is unworkable

Banks are for banking

More than 2,500,000,000,000,000,000 bytes of data (2.5 exabytes) are produced every day:

• People send more than 144.8 billion Email messages sent a day.• People and brands on Twitter send more than 340 million tweets a day.• People on Facebook share more than 684,000 bits of content a day.• People upload 72 hours (259,200 seconds) of new video to YouTube a minute.• Consumers spend $272,000 on Web shopping a day.• Google receives over 2 million search queries a minute.• Apple receives around 47,000 app downloads a minute.• Brands receive more than 34,000 Facebook ‘likes’ a minute.• Tumblr blog owners publish 27,000 new posts a minute.• Instagram photographers share 3,600 new photos a minute.• Flickr photographers upload 3,125 new photos a minute.• People perform over 2,000 Foursquare check-ins a minute.• Individuals and organizations launch 571 new websites a minute.• WordPress bloggers publish close to 350 new blog posts a minute.• The Mobile Web receives 217 new participants a minute.

The entire works of William Shakespeare (in text form)

= 5 MB of data

= 500 billion Works of Shakespeare a day

Finding value in the Data

RUBBISH

WORTHWHILE

IMPORTANT

CRITICAL

25 exabytes Valuable

200 zetabytes Erroneous

SECURE

Secure

Mobile is not hot

Data makes the world go around

Information security is unworkable

Banks are for storing data

Chris Skinner

Email: [email protected]

Website:www.fsclub.net

Blog: www.thefinanser.com

LinkedIn: Chris SkinnerThe Financial Services Club

Facebook Page: Chris SkinnerThe Financial Services Club

Twitter:@FSClub@Chris_Skinner