23. Favourable market conditions have created aFavourable market conditions have created a
“perfect storm” for the sector
Restricted bank liquidity Low interest ratesRestricted bank liquidity
(European securitisation, €bn)
Low interest rates
(average BoE Base Rate)
-70% -95%
£710bn 8.6%£710bn
£240bn 0.5%
E-commerce adoption
(% retail sales online)
Decreasing consumer trust
(“banks are well run”)
1975-2008 2009-20132008 2012
(% retail sales online)( banks are well run )
-80% +430%
91% 12%
2004 20141987 2012
19% 2.3%
2004 20141987 2012
Source: AFME, Bank of England, British Social Attitudes survey, Verdict
35. Bank of America spent almost $500 million on
bil & i i th t 3 4mobile products & services in the past 3‐4 years
Commerzbank will invest €220 million to upgrade
mobile and online banking in the next 2 3 yearsmobile and online banking in the next 2‐3 years
HypoVereinsbank (Unicredit) will spend more
than €300 million to transform into a leadingthan €300 million to transform into a leading
multichannel bank by 2016
44. The 21st century internet is asy
transformational as electricity
in the last centuryin the last century
45. The 21st century internet is asy
transformational as electricity
in the last centuryin the last century
Connecting humans to theConnecting humans to the
internet is the war for
business this centurybusiness this century
52. Agricultural Revolution
… coins
Industrial Revolution
troltd.com
… notes and checks
www.balat
Service RevolutionService Revolution
… cards
Information Revolution
hi… chips
53.
54.
55.
56.
57.
58. Over 80 percent of Tencent’ revenue comes from value added services that usersOver 80 percent of Tencent s revenue comes from value‐added services that users
pay for using QQ coins (币, Bì) QQ’s virtual currency. Tencent introduced QQ coins in
2002, and the currency has since become the main driver of China’s virtual goods
market, valued at about US$5 billion in 2009.
65. More than 2,500,000,000,000,000,000 bytes of data (2.5 exabytes) are produced
every day:every day:
• People send more than 144.8 billion Email messages sent a day.
• People and brands on Twitter send more than 340 million tweets a dayPeople and brands on Twitter send more than 340 million tweets a day.
• People on Facebook share more than 684,000 bits of content a day.
• People upload 72 hours (259,200 seconds) of new video to YouTube a minute.
• Consumers spend $272,000 on Web shopping a day.Consumers spend $272,000 on Web shopping a day.
• Google receives over 2 million search queries a minute.
• Apple receives around 47,000 app downloads a minute.
• Brands receive more than 34,000 Facebook ‘likes’ a minute.,
• Tumblr blog owners publish 27,000 new posts a minute.
• Instagram photographers share 3,600 new photos a minute.
• Flickr photographers upload 3,125 new photos a minute.
• People perform over 2,000 Foursquare check‐ins a minute.
• Individuals and organizations launch 571 new websites a minute.
• WordPress bloggers publish close to 350 new blog posts a minute.
• The Mobile Web receives 217 new participants a minute.
80. A (API) ifi h f iAn Application Programming Interface (API) specifies how software should interact with
each other. A company provides an API so that other software developers can design
products that are powered by its service.
93. Average Facebook user has 235 friends
2 000 Likes = 470 000 Views2,000 Likes = 470,000 Views
Average cost to gain a registration: €1.33
Average cost to gain a fully KYC processed customer: €16.70Average cost to gain a fully KYC processed customer: €16.70