Chris Skinner, CEO, The Finanser and Author, Value Web dives into the next chapter of finance. There are a number of key developments that are changing our world. One of them--the network revolution--is a massive shift in finance and service, as money moves from bank to bank into a new, direct value exchange person-to-person (P2P). The P2P exchange of value is driven by the mobile internet and recording of transactions using blockchain technologies. What does this mean for financial institutions and how should they change and adapt to keep pace? Which new companies are developing this new world fastest and which new entrants, if any, should worry incumbent financial institutions? Chris Skinner provides a vision of 2025 and navigates the course for both new entrants and incumbents.

1. “Chris Skinner: one of the most authoritative
voices on Fintech anywhere”
SETH WHEELER
FORMER ECONOMICS ADVISOR
TO THE US PRESIDENT AND
THE WHITE HOUSE
www.thefinanser.com

3. http://www.visualcapitalist.com/chart-largest-companies-market-cap-15-years/

4. 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

8. SLOW EXPENSIVE

9. SLOW EXPENSIVE

10. FAST EXPENSIVE

11. FAST FREE

14. Iqram Magdon-Ismail
Andrew Kortina

22. By 2030, provide legal identity for all, including birth
registration
.9

23. United Nations
meeting from my blog

37. Ledger is not
Blockchain

39. Supply Chain
Trade Finance
Smart Assets
Smart Contracts
(programmed transactions)
Digital Identity
Payments

40. Trade Finance Use Case Start-Ups

41. Payments Use Case Start-Ups

42. Digital Identity Use Case Start-Ups

43. Clearing and Settlement Use Case Start-Ups

51. RETAIL BANKING
WEALTH MANAGEMENT
COMMERCIAL BANKING
INVESTMENT BANKING
INSURANCE
PAYMENTS

52. RETAIL BANKING
WEALTH MANAGEMENT
COMMERCIAL BANKING
INVESTMENT BANKING
INSURANCE
PAYMENTS

53. Message: banks have used technology to be completely inflexible
This is BankTech
1962 2000 2016

54. 2008 2012 2016
Message: a continuum of technological innovation
This is FinTech

55. 2012
Message: this is Fintech 3.0
Banking Rebooted
2016

57. 2012 2016
Message: this is Fintech 3.0
Banking Rebooted
2020

58. RETAIL BANKING
WEALTH MANAGEMENT
COMMERCIAL BANKING
INVESTMENT BANKING
INSURANCE
PAYMENTS

59. RETAIL BANKING
WEALTH MANAGEMENT
COMMERCIAL BANKING
INVESTMENT BANKING
INSURANCE
PAYMENTS

60. RETAIL BANKING
WEALTH MANAGEMENT
COMMERCIAL BANKING
INVESTMENT BANKING
INSURANCE
PAYMENTS

61. RETAIL BANKING
WEALTH MANAGEMENT
COMMERCIAL BANKING
INVESTMENT BANKING
INSURANCE
PAYMENTS

62. RETAIL BANKING
WEALTH MANAGEMENT
COMMERCIAL BANKING
INVESTMENT BANKING
INSURANCE
PAYMENTS

63. RETAIL BANKING
WEALTH MANAGEMENT
COMMERCIAL BANKING
INVESTMENT BANKING
INSURANCE
PAYMENTS

64. RETAIL BANKING
WEALTH MANAGEMENT
COMMERCIAL BANKING
INVESTMENT BANKING
INSURANCE
PAYMENTS

65. RETAIL BANKING
WEALTH MANAGEMENT
COMMERCIAL BANKING
INVESTMENT BANKING
INSURANCE
PAYMENTS

72. Supply Chain
Trade Finance
Smart Assets
Smart Contracts
(programmed transactions)
Digital Identity
Payments

73. Date: October 8 2016

74. 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 CHASE
217 years
$1m/employee
STRIPE
5 years
$12m/employee
[probably more like $30m/e]

78. “Chris Skinner: one of the most authoritative
voices on Fintech anywhere”
SETH WHEELER
FORMER ECONOMICS ADVISOR
TO THE US PRESIDENT AND
THE WHITE HOUSE
www.thefinanser.com