Corporate innovation in the financial industry, banking, insurance by tommaso di bartolo slideshare

FINANCE INDUSTRY
IN THE 21ST CENTURY
www.TommasoDiBartolo.com
CORPORATE INNOVATION.
DIGITAL TRANSFORMATION.
INDUSTRY 4.0.

InvestorENTREPRENEUR
Tommaso Di Bartolo
Advisor MentorAuthor
EN ★★★
IT ★★★
DE ★★★
PT ★★★
ES ★★
FR ★★
speaksstartups Total IV
Exits II
social twitter / snapchat @todiba
linkedin /tommasodibartolo 
bio tommasodibartolo.com
Academia

InvestorEntrepreneur
Tommaso Di Bartolo
Advisor MentorAUTHOR
What It Takes
EN ★★★
IT ★★★
DE ★★★
PT ★★★
ES ★★
FR ★★
Exits II
Academia

Tommaso Di Bartolo
ADVISOR MentorAuthor
What It Takes
EN ★★★
IT ★★★
DE ★★★
PT ★★★
ES ★★
FR ★★
Exits II
Academia

Tommaso Di Bartolo
Advisor MENTORAuthor
What It Takes
EN ★★★
IT ★★★
DE ★★★
PT ★★★
ES ★★
FR ★★
Exits II
Academia

Tommaso Di Bartolo
What It Takes
EN ★★★
IT ★★★
DE ★★★
PT ★★★
ES ★★
FR ★★
Exits II
ACADEMIA

INVESTOREntrepreneur
Tommaso Di Bartolo
What It Takes
Awesm
Ventures
EN ★★★
IT ★★★
DE ★★★
PT ★★★
ES ★★
FR ★★
Exits II
Academia

• Status Quo - war time

• Tech Trends

• Pitfalls - mindset

• Guide - SET methodology

• Step 1: FREE Digital Assessment
Bullets & Bombs

Total Number of Unicorn
Companies: 445
Total Cumulative Valuation:
~ $1,344B

At current churn rate,
75% of the S&P 500
will be replaced  
by 2027.
TommasoDiBartolo

yesterday today tomorrow
- target
audience
- product
- business
model

next-gen

✓target
audience
✓product
✓business
model
next-gen

T H E F I N A N C E I N D U S T RY  
I S B E I N G D I S R U P T E D

WHY NOW?
WHAT ARE THE
MOVING FORCES?

EU
US + CANADA
ASIA
CBInsights
1.7B
1.8B
4.3B
90deals
$
152 182
Q3’19 global Fintech financing trends

STARTUPFUNDING
EVERYTHING ALWAYS CONNECTED
2

Manufacturing
Logistics, Vacuums,
Delivery Robots,
Nurse Assistants

Manufacturing
Logistics, Vacuums,
Delivery Robots,
Nurse Assistants
Restaurants,
Production Lines

STARTUPFUNDING
EVERYTHINGALWAYSCONNECTED
DATA TSUNAMI
3

Conversational
Computers
100 B commands

Conversational
Computers
Self-Driving Cars
100 B commands 20 M autonomous miles

Conversational
Computers
Self-Driving Cars Consumer Apps

Conversational
Computers
Self-Driving Cars Consumer Apps
100 B commands 20 M autonomous miles TikTok 10x growth

YESTERDAY TOMORROW
product centric customer centric

YESTERDAY TOMORROW
product centric customer centric
TOWARDS OPEN X

TOWARDS OPEN X
Source: World Fintech Report 2019
Traditional Banking
Includes core activities such as
. retail and
. private banking,
. corporate banking, and
. investment banking.

TOWARDS OPEN X
Traditional Banking
Depending on a bank’s digital
maturity, provides an
. omnichannel experience for the
customers.
Digital Banking

TOWARDS OPEN X
Traditional Banking Digital Banking
Corresponds to a bank’s ability to
leverage an
. ecosystem of third parties and
interact with them using
. technologies such as APIs.
Open Banking

TOWARDS OPEN X
Traditional Banking Digital Banking Open Banking Open X
Relates to a bank's ability to
. leverage data and
. create a shared marketplace by
. effectively collaborating with FS
and non-FS firms,
. resulting in a seamless
experience for the customers.

TOWARDS OPEN X
Open X
. leverage data and
and non-FS firms,
Data
Bank

TOWARDS OPEN X
Open X
. leverage data and
and non-FS firms,
Data
Bank Ecosystem
Value Add

TOWARDS OPEN X
Open X
. leverage data and
and non-FS firms,
Data
Bank Ecosystem User
Value Add Usage

TOWARDS OPEN X
Open X
. leverage data and
and non-FS firms,
Data
Bank Ecosystem User
Value Add Usage
Indirect customer

TOWARDS OPEN X
Open X
. leverage data and
and non-FS firms,
Data
Bank Ecosystem User
Value Add Usage
Indirect customer
customer

TOWARDS OPEN X
Open X
. leverage data and
and non-FS firms,
Data
Bank Ecosystem User
Value Add Usage
Indirect customer
partner
customer

TOWARDS OPEN X
Open X
Experience
Product

TOWARDS OPEN X
Open X
Experience
Partner
Build / Buy
Product

TOWARDS OPEN X
Open X
Experience
Partner
Shared AccessOwnership
Build / Buy
Product

TOWARDS OPEN X
Open X
Experience
Data
Partner
Shared AccessOwnership
Build / Buy
Assets
Product

“You are no longer a
ﬁnancial service provider,
but a tech enterprise with
a focus on the ﬁnance
industry” TommasoDiBartolo

Infrastructure upgrade leads to savings
DAXX Fintech Trends Market Reports 2019
FINANCE
REPORTING
transparency
data quality
single source of data
70%
CENTRALIZED
OPERATIONSoptimize digital ID
management
cross ecosystem secure
data sharing
50%
COMPLIANCE
enhanced transparency
audible transactions
30-50%
BUSINESS
OPERATIONS
reduce / eliminate
reconciliation, confirmation,
trade-break analysis
50%
blockchain

Infrastructure upgrade leads to next-gen apps
DAXX Fintech Trends Market Reports 2019
FINANCE
REPORTING
CENTRALIZED
OPERATIONS
COMPLIANCE
BUSINESS
OPERATIONS
- personalization
- process automation
- underwriting and credit
scoring
- algorithmic trading
- robot advisory
blockchain
AI/ML

TEXT
CRYPTO CURRENCY / STABLECOINS
Cryptocurrencies Stablecoins

#stablecoins
https://medium.com/@altcoinfantasy/dummys-guide-to-stablecoins-62b2cbdd2abe

Cryptocurrency
Wallets
NOT INCUR A HIGH TRANSACTIONAL
FEE, BECAUSE NO THIRD PARTY IS
INVOLVED
https://devtechnosys.com/insights/upcoming-most-prevalent-digital-wallet-trends-of-2020/

Cryptocurrency
Wallets
Payments via  
smart speakers
- 28% OF THE USERS MADE A DIRECT PAYMENT FOR
THEIR PURCHASES OR EITHER SEND MONEY
- ANTICIPATED SHIFT IN THE USER’S HABIT

Cryptocurrency
Wallets
Payments via  
smart speakers
NFC-Based  
Wallet Solutions
- MAJOR ROLE IN DAY-TO-DAY LIFE ACTIVITIES
- VIRTUAL PAYMENT CARDS, MASS TRANSIT TICKETS,
LOYALTY CARDS, ACCESS CARDS AND MORE

Cryptocurrency
Wallets
Payments via  
smart speakers
NFC-Based  
Wallet Solutions
AI-Based Wallet
Solutions to
Automate Routine
Transactions
- EXECUTE AND AUTOMATE THE CUSTOMER’S BASIC
TRANSACTIONS WITH THEIR APPROVAL

Quantum
Cryptography
ENCODED TO INCREASE SECURITY
OF FINANCIAL DATA

Quantum
Cryptography
Quantum  
Blockchain
- CRYPTOGRAPHIC HASH FUNCTIONS – THE MATHEMATICS THAT ENSURES CHAIN INTEGRITY
- DIGITAL SIGNATURES – THE ESSENTIAL GUARANTEE OF TRANSACTION AUTHENTICITY
- CONSENSUS PROTOCOLS – THE TRUE HEART OF DECENTRALISED BLOCKCHAIN MAGIC
- PUBLIC RANDOMNESS – A UNDERLYING VITAL RESOURCE.
https://www.factbasedinsight.com/quantum-enhanced-blockchain-sooner-than-you-think/

Quantum
Cryptography
Quantum  
Blockchain
https://richtopia.com/emerging-technologies/quantum-computing-ﬁnancial-services-ﬁntech

Quantum
Cryptography
Quantum  
Blockchain
Quantum  
Transaction
- DOWNTIME ON INFRASTRUCTURES USING QUANTUM
COMPUTING WILL BE CLOSE TO NON-EXISTENT
- HIGH-SPEED TRADING

Quantum
Cryptography
Quantum  
Blockchain
Quantum  
Transaction
https://richtopia.com/emerging-technologies/quantum-computing-ﬁnancial-services-ﬁntech

Quantum
Cryptography
Quantum  
Blockchain
Quantum  
Transaction
Quantum  
Data
- ANALYZE ALL OF THE WORLD’S INFORMATION ALMOST
INSTANTANEOUSLY
- AI TO MAKE AUTOMATED DECISIONS USING SETS OF PRE-PROGRAMMED
RULES SUCH AS APPROVAL OF BANK LOANS AND MORTGAGES

While you are busy dealing with your
current operations to run  
your core business.

Tommaso Di Bartolo
Corporate “proﬁt” is the most
dangerous success KPI of the
21st decade.
“Optimization” will cost many
enterprises’s existence.

"Two ways …
Gradually
and then suddenly”

“500 dollars? Fully
subsidized? With a plan? 
I said that is the most
expensive phone in the
world. And it doesn’t appeal
to business customers
because it doesn’t have a
keyboard. Which makes it
not a very good email
machine.”
Co-CEO Jim Balsillie
•

Jeff Bezos
“Being slow is usually
more expensive than
being wrong”

What is it you
got in your
pipeline?

innovation funnel
*9 out of 10
innovations fail
Copyright 2020. SET Methodology. Tommaso Di Bartolo

time
3
5
10
H1
H2
H3

time
3
5
10
H1
H2
H3
Incremental

time
3
5
10
H1
H2
H3
Incremental
Transformational

time
3
5
10
H1
H2
H3
Incremental
Transformational
Moonshots

Extend and Defend
core Business
HORIZON I

Build Emerging
Business
HORIZON II

Create
genuinely
new business
HORIZON III

HORIZON I
Extend and Defend core Business

HORIZON I
INCREMENTAL INNOVATION
Existing product
or service
enhancement
ENHANCING THE DESIGN OF YOUR PRODUCTS
UPGRADE YOUR SERVICES & QUALITY
THE LEAST SUSTAINABLE
IT CAN OFTEN BE COPIED EASILY BY COMPETITORS
Description
THE EASIEST, THE LEAST RISKY
Facts

HORIZON II
Build emerging Business

HORIZON II
ADJACENT INNOVATION
New products or
services close to
core
Description
Facts
COMPLEMENT EXISTING OFFERINGS
ADDITIONAL STEPS IN CUSTOMER EXPERIENCE
ADDITIONAL SIMILAR PRODUCTS
A SERVICE DEV TO COMPLEMENT YOUR CORE PRODUCT
DIGITALIZATION OF YOUR ASSETS & PROCESSES
OFFER SOCIAL & PERSONAL EXPERIENCE

HORIZON III
Create Genuinely New Business

HORIZON III
TRANSFORMATIONAL INNOVATION
Completely new
product &
customer
Description
Facts
COMPLETELY NEW OFFERING
NEW GO TO MARKET STRATEGY
NEW BUSINESS MODEL
A LONG TERM 10X BET
ADOPT CULTURE OF EXPERIMENTATION
NEW EXECUTION APPROACH: FINANCE & CUSTOMER

Henn na Hotel AI robots reduce 90% of manpower to be “the most
efficient hotel in the world” - "The Ultimate in Efficiency.“

How to get
your
innovation
pipeline?

TEXT
THIS WEEK HERE
CHANGED MY
MINDSET TOTALLY!

1. Strategy
2. Execution
3. Talents • 6000 executives
• USA, EU, LatAm
• Dozens of innovation
initiativesCopyright 2020. SET Methodology. Tommaso Di Bartolo

1. Strategy
2. Execution
3. Talents • 6000 executives
• USA, EU, LatAm
• Dozens of innovation
initiativesCopyright 2020. SET Methodology. Tommaso Di Bartolo
use case

time
3
5
10
H1
H2
H3
risk

time
3
5
10
H1
H2
H3
riskinternal

time
3
5
10
H1
H2
H3
riskinternal
build

time
3
5
10
H1
H2
H3
riskinternal
build
R&D + Product
Legacy Know How
Change resistent

time
3
5
10
H1
H2
H3
riskinternal
build
open

time
3
5
10
H1
H2
H3
riskinternal
build
open
partner

time
3
5
10
H1
H2
H3
riskinternal
build
open
partner
Uni. + Labs
Brilliant Minds
Slow Progress

external
time
3
5
10
H1
H2
H3
internal
build
open
partner
risk

external
time
3
5
10
H1
H2
H3
internal
build
open
partner
risk
buy

external
time
3
5
10
H1
H2
H3
internal
build
open
partner
risk
buy
Startups
Rapid Experimentation
Vetted Access

external
time
3
5
10
H1
H2
H3
risk
buy
Startups
(A) 20 weeks
(B) 1 problem
(C) 1 business unit

BUSINESS UNIT R&D / IT MANAGEMENT+ +

time
3
5
10
H1
H2
H3
Traditional Business
chief EXECUTIVE oﬃcer

time
3
5
10
H1
H2
H3
Moonshot &
Transformation
chief EVOLUTION oﬃcer

external
time
3
5
10
H1
H2
H3
Moonshot &
Transformation
chief EVOLUTION oﬃcer
Corporate
Innovation
Advisory Board

time
3
5
10
H1
H2
H3
resources
60%
40%
resources

sourced
443
61
24
filtered match finalists
8
poc due  
diligence
3 1
ROI your Innovation Initiatives

1. Never forget where you come from;  
It keeps you humble
2. BUT where you come from,  
cannot limit where you want to go
Tommaso db
www.TommasoDiBartolo.com

DIGITAL
ASSESSMENT
REQUEST
http://bit.ly/PedidoAvaliaçãoDigital
edu@SiliconVal.ly

REQUEST
SLIDES ?
invitation only

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