N26-TransferWisere-invent bankingJordan Valdma, Partnerships, API @ TransferWiseDaniel Endler, Product @ N26

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TransferWise Confidential (2015) 2

The Fintech Times

https://thefintechtimes.com/banks-love-fintechs/

Partnership then makes perfect sense..fintech companies provide the product, banks provide the customers…embedded API, co-branded design - you think you are still on the bank’s site, but you’ve actually been transferred to a fintech platform run by a team of young devs in Estonia.

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Why is fintech on the rise?

53%of people in UK think banks mainly focus on profits, not on the customer's needs

Source: TransferWise Future of Finance study

10%of people in UK are saying that banks offer a great service and a fair deal.

Source: TransferWise Future of Finance study

73%of consumers say that they would consider using technology providers for services

that they usually use their bank for.

Source: TransferWise Future of Finance study

TransferWise Confidential (2015) 7

What customers care about?

What will the market look like?

TransferWise Confidential (2015) 9

Customers and industry now recognize the large price difference between TransferWise and the banks

source source

TransferWise vs Industry TransferWise vs Non-Bank Providers

TransferWise Confidential (2015) 10

Cross border payments cost structure

TransferWise Confidential (2015) 11

Bank revenue margin will go negative

TransferWise Confidential (2015) 12

PSD2

Marketplace model for banks?

Use-caseN26 Inegration

Hassle free Internationaltransfers

Powered by:

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⬒ Card and checking account

⬒ Realtime transfers and notifications

⬒ One-touch access to financial products

⬒ Strong virality driven by exceptionalproduct experience

Product

N26 is building the firstglobal mobile bank

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Product

Our FinTech Hub leverages the best partners to ship superior products

Cooperation already launched

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Reaching 99% of Eurozone population by end of 2016

Internationalization

Dec 2015

Jan 2015

Dec 2016

Scalable and sustainable TW & N26 connection

High level integration

Currencies / fields available

Register user

Check funds & initiate payment

Payment in target market

Deep integration has multiple benefits

Benefits of Integration

⬒ Integration prevents 95% of support cases

⬒ Integration to known UI/UX

⬒ Instant availability in new markets

⬒ Extensible integration to new currencies w/o new apps

⬒ Joint brand recognition and trust

⬒ Faster transfers than using both separately

Flow DEMO

Start screen

Integration to the menu

Choose new recipient

Choose currency

Choose amount and realtime FX rate

Enter transfer details

With field validation

Reference text

See summary

Confirm transfer

Thank you