FUTURE OF FINANCIAL SERVICES FINTECH and/or BANKS Presented by Simeon Ononobi

WHAT IS THE FUTURE OF FINANCIAL SERVICES?   WHAT IS THE FUTURE OF FINANCIAL SERVICES?  

IS IT A BETTER BANKING SYSTEM? Banks will continue to Render banking Banks will remain traditional Banks will be Banks Bigger and Better but still remain A BANK Banks will remain traditional by creating accounts (all sorts), giving loans, getting fixed deposits and providing all forms of banking services including transfers and all.

Are Fin-Techs BANKS? Definition: Financial technology (FinTech or fintech) is the new technology and innovation that aims to compete with traditional financial METHODS in the delivery of financial services. In the Definition you can see that it's not a BANK but an Enabler of Financial Services Leveraging Quick Thinking, and Technology Eliminating the Cumbersome paperwork.

Types of Fin-Techs? Wealth Management: These are typical wealth mgmt service providers. Investment Management, Money Management, Loan FinTechs E.g: Betterment | Investing Made Better. 1 Alternative Finance: These majorly include: marketplace lending platforms (B2B, B2C, C2C, etc.), or even crowdfunding platforms. E.g: Peer to Peer Lending & Alternative Investing 2 Looking at Types of Fin-Techs you realise that They all NEED Banks… Even BlockChain Technology or what we better know as BITCOINs Payment Platforms: Basically efficient integrated Payment solutions. E.g.: www.simplepay.ng 3

Types of Fin-Techs? Blockchain Based Solutions: For years these have been limited to just cryptocurrency based fintechs (example: Buy and Sell Bitcoin in U.S, UK & Malaysia), but now include a wide range of solutions (check out the swedish land registry on the blockchain, enabled by: ChromaWay) 4 In Sweden its been experimented with Banks and Land/Property Owners in selling of Homes.

So what is really the FUTURE of FINANCIAL SERVICES

A HandShake (Not this one) Not This one as its what is happening now in some quarters

A HandShake (Nor this one)

A HandShake (But this one) But A friendly handshake..You get the my point.

THE FUTURE OF GREAT FINANCIAL SERVICES A Friendly Handshake BANKS FIN-TECHS THE FUTURE OF GREAT FINANCIAL SERVICES

Thank You Any Questions?

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