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“Chris Skinner: one of the most authoritative voices on Fintech anywhere”
SETH WHEELERFORMER ECONOMICS ADVISORTO THE US PRESIDENT ANDTHE WHITE HOUSE
www.thefinanser.com
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http://www.visualcapitalist.com/chart-largest-companies-market-cap-15-years/
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Something has changed ….FIRM YEAR EMPLOYEES MKT CAP
BMW 1916 116,000 $53B
UBER 2009 7,000 $60B
MARRIOT 1927 200,000 $17B
AIRBNB 2008 5,000 $21B
WALT DISNEY 1923 185,000 $165B
FACEBOOK 2004 12,691 $315B
KODAK 1888 145,000 $30B (peak)
INSTAGRAM 2010 13 $1B (acquired)
Source: Geoffrey Parker
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Iqram Magdon-Ismail
Andrew Kortina
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By 2030, provide legal identity for all, including birth registration
.9
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United Nations meeting from my blog
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Ledger is not Blockchain
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Supply Chain
Trade Finance
Smart Assets
Smart Contracts(programmed transactions)
Digital Identity
Payments
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Trade Finance Use Case Start-Ups
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Payments Use Case Start-Ups
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Digital Identity Use Case Start-Ups
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Clearing and Settlement Use Case Start-Ups
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RETAIL BANKING
WEALTH MANAGEMENT
COMMERCIAL BANKING
INVESTMENT BANKING
INSURANCE
PAYMENTS
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RETAIL BANKING
WEALTH MANAGEMENT
COMMERCIAL BANKING
INVESTMENT BANKING
INSURANCE
PAYMENTS
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Message: banks have used technology to be completely inflexible
This is BankTech
1962 2000 2016
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2008 2012 2016
Message: a continuum of technological innovation
This is FinTech
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2012
Message: this is Fintech 3.0
Banking Rebooted
2016
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2012 2016
Message: this is Fintech 3.0
Banking Rebooted
2020
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RETAIL BANKING
WEALTH MANAGEMENT
COMMERCIAL BANKING
INVESTMENT BANKING
INSURANCE
PAYMENTS
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RETAIL BANKING
WEALTH MANAGEMENT
COMMERCIAL BANKING
INVESTMENT BANKING
INSURANCE
PAYMENTS
Page 60
RETAIL BANKING
WEALTH MANAGEMENT
COMMERCIAL BANKING
INVESTMENT BANKING
INSURANCE
PAYMENTS
Page 61
RETAIL BANKING
WEALTH MANAGEMENT
COMMERCIAL BANKING
INVESTMENT BANKING
INSURANCE
PAYMENTS
Page 62
RETAIL BANKING
WEALTH MANAGEMENT
COMMERCIAL BANKING
INVESTMENT BANKING
INSURANCE
PAYMENTS
Page 63
RETAIL BANKING
WEALTH MANAGEMENT
COMMERCIAL BANKING
INVESTMENT BANKING
INSURANCE
PAYMENTS
Page 64
RETAIL BANKING
WEALTH MANAGEMENT
COMMERCIAL BANKING
INVESTMENT BANKING
INSURANCE
PAYMENTS
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RETAIL BANKING
WEALTH MANAGEMENT
COMMERCIAL BANKING
INVESTMENT BANKING
INSURANCE
PAYMENTS
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Supply Chain
Trade Finance
Smart Assets
Smart Contracts(programmed transactions)
Digital Identity
Payments
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Date: October 8 2016
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Something is changing ….FIRM YEAR EMPLOYEES MKT CAP
BARCLAYS BANK 1692 130,000 $30B
PAYPAL 1999 13,000 $48B
DEUTSCHE BANK 1870 101,000 $17B
ANT FINANCIAL 2015 5,000 $60B
STRIPE 2011 400 $5B (2015)
Date: October 8 2016
JPM CHASE217 years$1m/employee
STRIPE5 years$12m/employee[probably more like $30m/e]
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“Chris Skinner: one of the most authoritative voices on Fintech anywhere”
SETH WHEELERFORMER ECONOMICS ADVISORTO THE US PRESIDENT ANDTHE WHITE HOUSE
www.thefinanser.com