B-Hive Europe Open Innovation Platform Fabian Vandenreydt Executive Chairman Oracle Open World 23 October 2018

The B-Hive journey B-Hive is a collaborative innovation platform for financial technology that brings together banks, insurers and market infrastructure players Set-up in Brussels in 2017 Founded by 13 financial institutions and the Federal Holding and Investment Company of Belgium

B-Hive structural partners

B-Hive Members Sept 2018 Lending Insurance Cybersecurity/ID management Asset Management Cybersecurity/ID management E-Invoicing / Accounting Consulting Banking Platforms B-Hive Members Sept 2018 Business Solutions Analytics/Data Management Blockchain Payments Risk Management Full list on b-hive.eu/members

The B-Hive journey B-Hive is a collaborative innovation platform for financial technology that brings together banks, insurers and market infrastructure players With our start-up, scale-up and corporate partner community we seize the opportunities offered by the digital transformation of the financial services industry in a focused way Set-up in Brussels in 2017 Founded by 13 financial institutions and the Federal Holding and Investment Company of Belgium An ecosystem of 180+ fintech’s and 20+ corporate partners Six competence centres: TrustHive CyberHive TalentHive OpenHive DigiHive PayHive

B-Hive Current Program Portfolio Each of B-Hive’s collaborative programs tackle a specific challenge/opportunity for it’s Corporate Partners’ in financial services Cyber Hive Scanning, screening and testing innovative cyber solutions Open Hive API technologies testing, standardization and new business models Trust Hive Sharing the load re: financial crime compliance, on-boarding and regulatory reporting activities Digi Hive AI-based automation in the back-office Talent Hive Addressing the digital skills gap in Europe Pay Hive Exploring the opportunties open payments brings; from stanards to technology

The B-Hive journey B-Hive is a collaborative innovation platform for financial technology that brings together banks, insurers and market infrastructure players With our start-up, scale-up and corporate partner community we seize the opportunities offered by the digital transformation of the financial services industry in a focused way We believe that building bridges between fintech hubs in Europe and beyond strengthens the innovation ecosystem and accelerates the growth of the digital finance sector globally Set-up in Brussels in 2017 Founded by 13 financial institutions and the Federal Holding and Investment Company of Belgium An ecosystem of 180+ fintech’s and 20+ corporate partners Six competence centres: TrustHive CyberHive TalentHive OpenHive DigiHive PayHive Offices in Brussels, London, Tel Aviv and New York (and soon Singapore) Collaboration agreements signed with 10+ fintech hubs

MoU with other hubs

Fast-track Monetization Ecosystem (FaME) Oracle & B-Hive fintech programme

The European Fintech Innovation Program Oracle Confidential –Restricted

CURRENT CHALLENGES IN corporate innovation Adoption adoption of innovation within existing businesses Knowledge access to, and exchanging of innovation experiences Noise quantity and quality of start / scale-ups Management formal, repeatable process Impact revenue, cost, risk Low adoption of innovation methods and its outputs into existing products & services, organizational culture, and business vision. Limited, trusted, sharing of idea’s and innovation challenges within a peer group. Access to the methods, tools, skills, talent, culture required to drive and deliver the promises of innovation. No systematic repeatable process to scan, assess, select, implement the every growing and morphing technology landscape and ability to map to relevant pains and gains. Limited formalized open innovation management frameworks that allow leverage the benefits of ecosystems. Limited impact on the key economic indictors and banks’ ROE and shareholder story, i.e., increase in revenue by 10%, reduction in cost base by 10%.

Goal & Principles Monetization acceleration is only goal Short cycles (four months end-to-end). Not an endless PoC ‘tunnel’ Each programme run includes 15 pre-scale-ups Business & technology ‘fit’ are key Oracle’s clients (FI’s, Corporates) involved in the journey Starts in Jan 2019. First two runs (Brussels & London) focused on open banking & analytics

FaME stages Productization Tech fit Biz fit Ignition 15 5 Focussed PoC kick-off Monetization scenarios Go-to-market planning Closing event Tech fit Platform fit Masterclasses: Cloud integration Cyber ... Selection of PoC winners Biz fit Business & organisational fit Oracle business strategy Procurement principles Ignition Kick-off event Pitches Matchmaking First assessment