Fintech Bridge. Bridging the Atlantic. Tuesday, 3rd October Fintech Ireland

Transcription

1 Fintech Bridge Tuesday, 3rd October 2017 Bridging the Atlantic. 1 Fintech Ireland

2 Lunch Atop a Skyscraper 2

3 How did this event come about? 3

4 Bridging the Atlantic NEW YORK ATLANTA 4

5 Agenda Welcome & Fintech Scenes Section NEW YORK Speaker Timing Welcome Ireland Peter O Halloran (Collaborator, Fintech Ireland) Andrew Conlan-Trant (Executive Dean, DBS) Welcome Atlanta Shane Stephens (Consul General Ireland, Southeast US) & David Hartnett, (Chief Economic Development Officer, Metro Atlanta Chamber of Commerce) Fintech Ireland Scene Peter Oakes (Founder, Fintech Ireland) Marianne Johnson (Leader, FinTech Atlanta) ATLANTA What does Ireland s Fintech ecosystem look like and how is it evolving? Fintech Atlanta Scene What does Atlanta s Fintech ecosystem look like and how is it evolving? 5

6 Agenda - Panel Sessions NEWSection YORK Panel Session: International Scaling from US & Ireland Scaling from Atlanta with Ireland as a European hub Scaling from Ireland ATLANTA with Atlanta as a U.S. hub What are possible implications & opportunities for Irish & U.S. Fintech firms with Brexit 6 Speaker Timing Peter Oakes (Dublin) Grant Wainscott (Atlanta) Panellists (Dublin) Maura McGrath (Joint Venture Services, Elavon) Peter O Halloran (VP, ecommerce, International, First Data) Ciaran Cassidy (Global Head of ecommerce Product, Global Payments) Panellists (Atlanta) Marianne Johnson (SVP, Head of Product & Technology, Network & Security Solutions, First Data) Aidoo Osei (VP, Product & Innovation, Global Payments) Gabriel Moynagh (CEO, Sysnet Global Solutions) Georgina Nelson (Founder, TruRating)

7 Agenda - Panel Sessions Section NEW YORK Panel Session: Funding Venture Capital & Privacy Equity Investment What specific Fintech sectors are investors looking at now? Venture Capital and private equity investment insights Market trends and challenges ATLANTA 7 Speaker Peter O Halloran (Dublin) Grant Wainscott (Atlanta) Timing Panellists (Dublin) Helen Fullen (Accelerator Leader, NDRC) Thomas Olszewski (Associate, Frontline Ventures) Panellists (Atlanta) Robin Bienfait (Partner,Valor Ventures) Sean Banks (Partner, TTV Capital)

8 Agenda Fintech Battles Section NEW YORK Fintech Battle: Ireland & Atlanta. 6 Start-Ups. 5 minutes each. Speaker Timing Presenter (Dublin) Andrew Quinn (Finance & Accountancy Course Director, DBS) Fintech Battlers Ireland Claus Christensen (CEO, Know Your Customer) Sean Fitzgerald (CEO, NuaPay) Greg Birdthistle (Co-founder Taxamo) ATLANTA Presenter (Atlanta) Grant Wainscott (Senior Director of Technology Ecosystem Expansion, Metro Atlanta Chamber) Fintech Battlers Atlanta Jeff Schmidt (President,Authomate) Andrew Gowasack (Co-founder,Trust Stamp) Kell Canty (Co-founder,Verady). 8

9 Agenda Voting, Prizes & Wrap-Up Section NEW YORK Fintech Battle: Poll Voting Results & Prize Awards What specific Fintech sectors are investors looking at now? Venture Capital and private equity investment insights Market trends and challenges ATLANTA Wrap Up Speaker Prize Presenter (Dublin) Lexi Koutrelakos (Fintech Atlanta Volunteer) Richard Harris (Head of International Operations, Feedzai) Peter O Halloran (Collaborator, Fintech Ireland) Jorge Fernandez (VP, Global Commerce, Metro Atlanta Chamber) 848 Spring St NW, Atlanta, GA South Great George's Street, Dublin, D02 AX Prize Presenter (Atlanta) Grant Wainscott (Senior Director of Technology Ecosystem Expansion, Metro Atlanta Chamber) Nuno Sebastiao (CEO, Feedzai) Post Event Networking Atlanta:The Garage at Tech Square Dublin: Hogan s Bar Timing (Atlanta) (Dublin)

10 Fintech Battle Voting

11 Q&A, Hashtag & Live Streaming Q&A Send questions - We will endeavour to answer during the event if time allows, otherwise post-event Hashtag Please use the hashtag #fintechatlirl and let s see if we can get this event trending! Live streaming Go to 11

12 Thank You to our Sponsors & Partners Sponsors Media Partner 12 Facility Partner

13 Opening & Welcome 13

14 Fintech Scenes Ireland & Atlanta 14

15 Peter Oakes - Founder, Fintech Ireland & Fintech UK Executive and non-executive director and advisory committee member to regulated and unregulated companies, including Fintech, RegTech, MiFID and Funds. Panel Member, Fintech 50 Europe & Fintech 20 Ireland Solicitor admitted in Ireland, the United Kingdom and Australia Founder of Fintech Ireland & Fintech UK (RegTech Ireland & Regtech UK). These groups support fintech & regtech initiatives in Ireland & the UK : Board Director & Chief Risk Officer for Bank of America Merchant Services Europe (based in London) : Central Bank s first Director of Enforcement and AML/CTF Supervision in October Member of the Senior Leadership, Operations, Policy & Supervisory Risk Committees Over the past 25 years Peter has worked as a regulator (Ireland, UK & Australia) and in the investment management, payments, funds & fintech industries (UK & Ireland) in Board, C-Suite, Legal and Compliance/Risk roles. He has also advised Central Banks, Regulators and their senior management on a wide range of supervisory and enforcement 15

16 16 Fintech Ireland Event Collaborators Dave Anderson, Fintech community organiser and DevOps Transformation Consultant Peter O Halloran,Vice President & General Manager, ecommerce, International at First Data p_ohalloran Alex Lee, Investor and Board Advisor to FinTech firms lexleefintech

17 17 Fintech Ireland By the Numbers Origin of Fintech Ireland Numbers 120,000+ = number of visitors in last year 16,500 = number of current average monthly visits 4,000 = followers on twitter (8,500 across all our fintech twitter accounts) 1,100 = number of fintech enthusiasts who subscribe to the list 40 = number of local & international events

18 18 Fintech Ireland in one word FREE

19 19

20 Where does Fintech Ireland Fit?

21 We Connect the Dots Many Voices One Message

22 International engagement and future development We support a number of initiatives to put Irish Fintech on the global map, including The Fintech 50 ( we promote the inclusion of Irish Fintech on the annual list 2017 saw the inclusion of two Irish Fintech - Fenergo and AQ Metrics 2018 should see even more Irish fintech on the list The Fintech 20 Ireland: we re one of the three original stakeholders, together with Irish Tech News & The Fintech 50. Have today confirmed our commitment to the 2017 event this October ( Announcing Partnerships with further overseas hubs and movements Recent / upcoming trips: Most of Europe, USA (NY and SanFran) and Australia Talk to me about sponsoring and supporting Fintech Ireland It s time for a revamped strategy and facelift! 22

23 23 Fintech Ireland Map (1/2) (Dave Anderson)

24 24 Fintech Ireland Map (2/2) 136 firms on Map Top 3 sectors: Payments 35 (26%) Regulation 20 (15%) Accounting 13 (10%)

25 25 Regulated Fintech (Payments & E-Money) Authorised by Central Bank: 2 x E-money 13 x Payment Services (PS) Authorised in EEA, passport into Ireland: 554 x E-Money & PS

26 26 Financial Services - Employment 50,000 employed in FinServ 35,000 employed in international FinServ these employers contribute 2bn per year in taxes 10,000 target for increasing direct employment in the international Finserv by ,000 employed in Fintech

27 27 Ireland - Blockchain Leaders Funderbeam - Blockchain Report 2017 Blockchain industry has grown since 2013 from funding circa $75mn to $856mn. North America has seen the most funds raised, but Ireland is reported at 6.26%

28 28 Funding Figures - (1/2) Irish tech firms raised 500mn in first half of 2017 (actually it was 498.7mn) 3% increase on H ( 486mn)

29 29 Funding Figures - (2/2) The H figures from the Irish Venture Capital Association note the following fintech raises: Deposify 200k Flender 1.5mn Plynk 25mn YepUp 570k Rockall 450k Arex 3mn

30 Capital

31 31 The dread B Word - Brexit (1/2) Without doubt, Brexit will have a positive & negative influence on Ireland 100+ enquiries setting up in Ireland In terms of FinServ & FinTech, positives include: UK based firms looking for a second home in Ireland international companies which would otherwise have gravitated to UK as first EU home, now looking at Ireland could we snare a regulator?

32 The dread B Word - Brexit (2/2)

33 33 Thank you Join the Fintech Ireland Group

34 Fintech Scenes Ireland & Atlanta 34

35 Panel International Scaling 35

36 Panel Venture Capital & Equity Investment 36

37 Fintech Battle 37

38 Fintech Battle 38

39 Know Your Customer Global Digital VAT landscape

40 KYC/AML in the 21st century More regulation: AMLD4, FinCEN CDD Business demands: Faster, digital, mobile Compliance processes stuck in the 80 s The (paper) elephant in the room Slow, unpleasant, error-prone Not even very secure

41 Solution: Integrated digital KYC Corporate KYC automation Digital documents from company registries Automatic corporate structure discovery AML on all ultimate beneficial owners Individual KYC Request through secure mobile app Proof of ID: algorithmic authentication Faster, more secure, better experience

42 Know Your Customer, the company Founded in 2015 Self-funded by 3 co-founders Richard Barrett Co-Founder Cormac Doddy Co-Founder Claus Christensen Co-Founder, CEO Distributed team of 18 Sales in Ireland, U.K. and Hong Kong Next steps: Geographical: Expansion into Europe, USA New markets: KYC on Blockchain, KYC for ICO s

43 NuaPay

44 What we are doing We are creating an ecommerce Alternative Payment Method to the credit card. Both Merchants and Consumers will see it as far superior to credit cards. 3 Essential Components Merchant Advance Funding Consumer Payment Plans

45 HOW WE BUILT IT For banks For corporates BANK ORIGIX CORPORATE ORIGIX IP

46 WHAT WE HAVE ACHIEVED SO FAR 24/7 Authorised & Regulated by the Financial Conduct Authority (FCA) SAAS REALTIME MISSION CRITICAL 35bn PROCESSED ANNUALY Nuapay Revenue Growth 65 staff in total of which 45 located at the Head Quarters in Maynooth, Ireland Offices in 5 EU countries Market Drive to Bank based Payments ISO & ISO 9001 Certified

47 Taxamo Global Digital VAT landscape

48 Taxamo proposition Global Global Digital Digital VAT VAT landscape landscape Today 45 countries representing 1.9 billion consumers There is expected to be 100+ countries within 3 years. Each country has different requirements for tax calculation, reporting, registration, filing and remittance Global market is worth $300 Billion + representing 400,000 + merchants

49 Taxamo proposition Taxamo Proposition Intermediary removing VAT liability, no need for businesses to register, file and remit VAT Assume the risk associated with FX and fines & penalties Enables key resources in the organisation to focus on the core business A single integration will manage the impacted countries today and the 100+ countries Guarantee to substantially reduce the cost of VAT Compliance

50 Taxamo proposition Global Digital VAT landscape Vision Vision Taxamo will be a critical part of the global e-commerce infrastructure. We will be trusted and seen as the world s indirect tax clearinghouse for businesses who sell online. We will do this by taking the VAT liability for our clients transactions allowing them to focus on their product.

51 Fintech Battle Voting

52 Fintech Battle Results & Prizes 52

53 Wrap Up 53

54 Post Event Networking THE GARAGE AT TECH SQUARE (15.00) HOGAN S BAR (20.00)

55 Thank You 55 Fintech Ireland