Atos Global FinTech program: A catalyst for innovation in Financial Services

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1 Atos Global FinTech program: A catalyst for innovation in Financial Services

2 Atos Global FinTech program: A catalyst for innovation in Financial Services Atos and FinTech: Quick facts Atos has launched a global FinTech program. Atos is judged to be a Global Leader in FinTech Services by NelsonHall and IDC. Atos partners selectively with Fintechs which align with pressing market needs and which complement Atos s capabilities. Financial Services organisations can benefit by engaging with Atos on its industry solutions which deliver business benefits through expertly integrated Fintech content. The mission of the program The FinTech phenomenon has shaken the foundations of the Financial Services sector offering new ways to create value in an ageing industry. But not every bank or insurer is going to make the FinTech transition. And not every FinTech is going to outlast the initial burst of activity. So how are you going to exploit opportunities to survive and thrive in Financial Services? As a leader in integrating FinTech solutions, answering this question is our primary focus. That is why we established the Atos FinTech program with three clear aims: To give FinTechs improved access to established Financial Services institutions so they can work together to rapidly achieve global scale in their chosen markets. To partner Financial Services providers with pre-vetted, quality-assured and road-tested FinTechs, InsurTechs and RegTechs. To offer unique insights, commentary and research into the rapidly changing FinTech landscape. How is Atos FinTech organised FinNet: FinNet is our knowledge portal covering the latest trends in FinTech from around the world. Find FinNet at atos.net/ fintech to learn about market developments, emerging sub-markets, and forthcoming innovations. FinTech and opportunity with Atos The FinTech, InsureTech and RegTech communities are vital in reshaping front and back end processes that touch everyone s lives. They positively disrupt the industry to improve value to all who play by changing conventional thinking. It is important to Atos to be there both to disrupt and facilitate the change by leveraging our capability to mitigate the risks associated with the delivery of this much desired innovation on all sides of the client to customer transaction. FinHub: FinHub consists of a team of industry thought leaders and trend watchers who develop our community of pre-vetted, qualityassured, and road tested FinTechs. Via a stringent selection process, we identify, assess, and partner only those with the strongest possibility of delivering new value with us. FinLab: FinLab is a cloud-based API platform for you and your partners to create banking or insurance services. We provide the technical blueprints and integration support to fast track your go-to-market proposition. FinLab focuses on completing end to end customer journeys by bundling FinTech services to demonstrate ways to challenge the status quo. 02

3 The opportunity for FinTechs, banks and insurers With the emergence of FinTechs, banks and insurers are facing new competitive pressures. At the same time, FinTechs face challenges with international regulatory compliance, credit issuance and global distribution channels. Our cloud based FinTech propositions, engagement program and research offer new ways to meet the industry s core transformation challenges. Customer experience Business reinvention How can banks and insurers give customers a personalized experience in tune with their digital lives? By partnering with the right FinTechs through Atos to redefine their service portfolio. How do businesses of all sizes redefine their ambitions to respond to demand? By working with a partner to understand the customer, implement change and take advantage of advanced technologies. Trust and compliance Operational excellence How can FinTechs, banks and insurers re-establish trust and protect data in a fast-paced world? By working together to provide innovative services, meet changing regulatory obligations and establish state-of-the-art security. How can FinTechs maintain an upward trajectory to ensure they meet customer or regulatory expectations? By relying on an experienced partner to introduce robust risk management and scale up while staying compliant. How you benefit For banks and insurers Faster access to prepared, pre-vetted and quality-assured FinTechs. End-to-end management of FinTech integration within your service ecosystem. Delivery of new services that customers want with selected FinTechs. For FinTechs Partnership opportunities with major Financial Services players. Co-creation of prototype services within a wider customer journey. Developing a collaborative go-to-market offering that customers want. Atos FinTech: Global Market Recognition Atos is positioned as a Leader in FinTech Services in Banking by analyst firm NelsonHall. The NelsonHall research noted Atos strengths in FinTech services as its technology capabilities and proprietary IP in credit origination and management, data management and fraud detection; its close relationships with many leading FinTech software vendors and its investment in software-defined data center capability 1. Atos is named an IDC FinTech Rankings Top 25 Enterprise Company by IDC Financial Insights. The IDC Financial Insights Rankings categorise and evaluate the top global providers of financial technology based on calendar year revenues from financial institutions for hardware, software and/or services Atos FinTech program 03

4 Retail Loans Factory Building a best-in-class Loans Business Case Study Atos, with subsidiary Worldline, European market leader in payments and transactional services, and Circeo, a pioneer in the development of next generation retail loans software, announced a preferred global partnership agreement to provide a complete Software-as-a-Service and Business Process Services solution to banks for the consumer finance value chain. Consumer finance is being transformed by the digital revolution such that consumers want to be able to secure loan funding at attractive rates in real time through online and mobile channels. Banks want to be able to launch compelling new marketing offers in days to support new partner channels, and reduce costs per loan to enhance profitability. The combined value of Atos and Circeo will allow for the provision of an industry leading retail loans business solution. Consisting of next generation software which can be customized to individual bank requirements with zero IT coding, and end-to-end IT, Cloud and business process services. The aim is be the number one choice and reference for target customers in Financial Services and other markets. The global agreement will focus initially on assisting European banking institutions and their international operations, who will benefit from accelerated implementation of more agile and efficient retail loans business models, that drive new revenue streams. By consuming the solutions as a business processing service, financial institutions can concentrate on their core banking business. With FinTechs targeting the loans market with new B2C solutions, financial Institutions need highly agile and cost efficient business solutions to remain competitive. Atos is already an industry leader in this business managing over 2 million loan contracts in Europe. Together with Circeo we have designed a leading edge solution, with rapid implementation and usage based contracts. This delivers accelerate introduction of new consumer finance business models for banks, therefore we are pleased to announce this innovative partnership with Circeo Daniel Cohen, SVP - Global Financial Services & Insurance at Atos. This exciting strategic partnership combines the strengths of two market leading organisations to deliver innovative solutions to banks as they look for new ways to service their customers. Laurent Clerc CEO, Circeo. 04

5 Bridging the Financial Services innovation gap: The Atos Genius approach to co-creation Led by FinTechs, the rapid pace of innovation in the Financial Services sector can leave some organizations struggling to bridge the gap between online and offline customer experiences. A lack of spare capacity and resources for innovation plus an aversion to risk puts them behind more agile competitors. The Atos Genius approach to co-creation enables banks and insurers to close this gap within existing risk, resources and budget parameters. The Atos Genius approach is a 100-day innovation program built on the principles of agile thinking and the lean start-up. An independent team of the organization s employees works together with Atos experts to explore innovative ways to address business priorities. Highlights Low risk / low investment approach. Discover, design and demo new business ideas. Rapid delivery timeframe. Ability to tap into Atos FinTech ecosystem. Unbiased Genius viewpoint and FinTech mindset. Proof of Concept and investment case included. Tangible results. By identifying an idea and leveraging the Atos Global FinTech program, the Atos Genius approach will help introduce new technologies, make productivity gains, or go to market much faster than before. Unlike point solutions, this fresh and unbiased view, as well as complete immersion within the business, is proven to get rapid results. At the core of this co-creation is the Atos Genius a consultant embedded in the daily work environment. The Genius works on the 80/20 principle by committing 80% of time to day-to-day operations, leaving 20% to capture and process innovative input. The Atos Genius approach exceeded my expectations. Not because they discovered 50 ideas but because they discovered one great idea that my people never would have found at such short notice. Innovation lead at major international banking group Contacts FinNet FinHub FinLab Michael Davison, Industry Principal, Financial Services Remco Neuteboom, Group Chief Digital Officer, Global Financial Services Remco Neuteboom, Group Chief Digital Officer, Global Financial Services FinTech Links FinTech atos.net/fintech/home Financial Services Banking and Insurance Solutions atos.net/fintech/home/solutions News and Resources atos.net/fintech/home/news-resources Atos FinTech program 05

6 Atos solutions for banks and insurers We are committed to long term engagements and investments in the FinTech market. We are an active partner to banks, insurers, FinTechs and technology incubators. By working together, we know we can achieve lasting success creating new ways to deliver value to Financial Services providers, FinTechs and end customers. Whether your starting point is regulatory risk or robotic process automation, we focus on addressing your key digital transformation challenges. That is why our proven FinTech partnership culture and approach is fully aligned with our extensive portfolio of Financial Services solutions. 06

7 Why choose Atos FinTech for your Financial Services business? We know about FinTechs because we have one in the Atos group of companies equensworldline. Our investment in this disruptive leader in payments technology includes R&D into analytics, authentication, cryptographic security, blockchain, UX, wearables/zero-effort payment and AI. This active involvement is crucial to our view of how FinTechs can shape and influence the future of Financial Services. It also means that we have already invested in the people, technology and networks to serve our Financial Services clients with an end to end approach to FinTech: A community of FinTechs led by a team of industry thought leaders. 200 people dedicated to FinTech consulting, implementation and delivery. Onshore and offshore development resources around the world. Local FinTech and digital transformation teams. Atos FinTech program 07

8 About Atos Atos is a global leader in digital transformation with approximately 100,000 employees in 72 countries and annual revenue of around 12 billion. European number one in Big Data, Cybersecurity, High Performance Computing and Digital Workplace, the Group provides Cloud services, Infrastructure & Data Management, Business & Platform solutions, as well as transactional services through Worldline, the European leader in the payment industry. With its cuttingedge technologies, digital expertise and industry knowledge, Atos supports the digital transformation of its clients across various business sectors: Defense, Financial Services, Health, Manufacturing, Media, Energy & Utilities, Public sector, Retail, Telecommunications and Transportation. The Group is the Worldwide Information Technology Partner for the Olympic & Paralympic Games and operates under the brands Atos, Atos Consulting, Atos Worldgrid, Bull, Canopy, Unify and Worldline. Atos SE (Societas Europaea) is listed on the CAC40 Paris stock index. Find out more about us atos.net atos.net/blog Let s start a discussion together CT_180103_RY_B_ATOSFINTECH All trademarks are the property of their respective owners. Atos, the Atos logo, Atos Codex, Atos Consulting, Atos Worldgrid, Bull, Canopy, equensworldline, Unify, Worldline and Zero are registered trademarks of the Atos group. Atos reserves the right to modify this document at any time without notice. Some offerings or parts of offerings described in this document may not be available locally. Please contact your local Atos office for information regarding the offerings available in your country. This document does not represent a contractual commitment. January Atos