London Disrupts Finance
Thursday, 21 November 2013 from 08:30 to 18:00 (GMT)
London, United Kingdom
San Francisco, California
London, United Kingdom
Level39 – One Canada Square – Canary Wharf – London
November 21, 2013
|08.30 – 09.00||Registration|
|09.00 – 09.30||Keynote: “The Challenges facing Financial Services”|
Dr. Christopher Sier, Director – Financial Services Knowledge Transfer Network
Dr. Sier will share his insights on specific challenges he sees ahead for organisations in the financial services industry and how technology can play a leading role in coping with these challenges, including:
The Financial Services Knowledge Transfer Network (FSKTN) operates as a platform connecting organisations, businesses and individuals across the financial sector to foster innovative solutions.
|09.30 – 10.00||Presentation: “Why you should be paying attention to Bitcoin”|
Tom Gullen, Co-Founder – Scirra
Bitcoin is a decentralised digital currency currently worth around $5bn that has the potential to be incredibly disruptive in the financial industry and has been recently grabbing the headlines. It is often a misunderstood technology with its huge potential benefits largely unknown (much like the inception of the Internet) or overlooked. This talk aims to give a good overview on what Bitcoin is and what it’s implications are for the finance industry.
|10.00 – 10.30||Panel: Innovative Solutions for Financial Institutions|
|Disruptive technological developments, changing customer demand, increased regulation, increasing capital requirements and an increasing need for cost efficiency all contribute to significant chances in the financial services industry. Today’s banking customers expect user-friendly banking services that can be easily accessed at any time via computer, tablet or a smartphone. At the same time, there is a downward pressure on financial institutions’ margins forcing them to reduce costs dramatically. The international companies in this panel allow financial institutions and their customers to profit from new SaaS or cloud-based services and conduct their business easier, faster and more cost-efficient.
Michael Stemmle – CEO, Additiv
Tom Platt – Commercial Director, BCSG
Vincent Perrin – Business Development Europe, Yseop
Dan Crowley – Head of Content, FundApps
Bill Safran – CEO, Vizolution
additive was awarded the Banking IT Innovation Award 2012 for their Bank 2.0 Platform add.direct. The prize was awarded by CC Sourcing, the centre of excellence for the financial industry of the University of. St. Gallen, Zurich and Leipzig. The prize is awarded for innovative, IT-based solutions in the banking sector that focus on making banking an excellent experience for customers
BCSG has been selected as the Most Innovative Industry Partner by a distinguished panel of judges at Barlow Research Associates’ Monarch Innovation Awards. BCSG’s Business Hub is a flexible platform that allows financial institutions to deepen engagement with small business customers through use of market leading business management tools.
Yseop is an artificial intelligence enterprise software based on natural language generation, which reasons, dialogues and automatically writes intelligent and non-repetitive comments and recommendations, both in English and a variety of other languages, just like an expert, but at a speed of thousands of pages per second. Yseop’s solution dramatically reduces the cost of sales and makes sales and marketing teams more efficient. With Yseop, a financial services company’s sales team can spend more time on customer interactions and less time on administrative tasks in order to close business faster.
FundApps offers a cloud-based SaaS solution that automatically monitors portfolios for investment restrictions, necessary substantial shareholding, short-selling and takeover panel disclosures. They continuously monitor legislation changes in over 80 jurisdictions, in addition to automated monitoring of regulatory lists to keep their rules – and their customers compliance – constantly up to date.
Vizolution is the parent company of vScreen, an innovative, screen sharing for business technology that allows a presenter to conduct a ‘face to face’ advice session with a customer remotely. vScreen is used by 3 of the top 5 UK lenders and 2 of the top 5 insurance companies. vScreen customers have seen over 40% increases in call to sale conversion rates with over 95% positive customer feedback. Vizolution has also been included in the 2013 FinTech 50 watch list of top financial services software companies.
|10.30 – 11.00||Panel: Security|
Managing online fraud continues to be a significant and growing cost for merchants of all sizes.
James Varga – CEO, miiCard
Pat Phelan – CEO, Trustev
Brian Taylor – Founder, PixelPin
Alastair Patterson – CEO, Digital Shadows
Douglas Kinloch – VP Business Development, Metaforic
By proving real identities – that you are who you say you are – miicard is enabling the next evolution of the Internet, empowering people, companies and organisations to meet and transact online in complete confidence across a range of services such as financial, e-commerce, trading, gambling, recruitment, dating, social and professional networking.
Trustev is the 2013 EU Commission’s Top Technology Startup in Europe. Trustev provides real time online identity verification using its proprietary social fingerprinting technology, to help combat online ecommerce fraud.
PixelPin is a B2B2C solution which replaces passwords with pictures. Users choose a picture and click on it in 4 places in sequence to sign in. PixelPin is more secure than a password; it brings banking level security to your business, protecting you and your users better than a password system ever could.
Digital Shadows runs a cyber monitoring service that secures companies’ ever-expanding digital footprints. As organisations engage more with social media, cloud services and mobile devices our advanced analytics and big-data technology keeps their security and reputation intact. Digital Shadows has been recognised for innovation by the Technology Strategy Board, SWIFT, Cisco, was named a Gartner Cool Vendor for 2013 and has recently finished the inaugural London FinTech Innovation Lab run by Accenture.
|11.00 – 11.30||Coffee Break|
|11.30 – 11.50||Presentation: “Innovations in Payment Solutions”|
| Kebbie Sebastian, Managing Director – Penser Consulting
Penser Consulting is a specialist consulting firm focused on the payments industry in the US, Europe, Brazil, Russia, India and China. Previously Mr. Sebastian was responsible for Global Product Development at Barclays Bank and held senior leadership positions with eBay-PayPal and Bank of America’s debit card and credit card business. His areas of payments expertise include merchant acquiring, processing, contactless mobile, NFC, wireless, point of sale terminals and hardware, EMV, Chip and PIN, mobile wallets, payment gateways / payment service providers, mobile / digital banking and e-wallets / e-payments.
|11.50 – 12.10||Presentation – Big Data and Financial Services|
Dan Brassington – CEO, ERN
ERN is a pioneering global big data analytics technology company that has developed a big data analytics platform with real-time marketing capabilities called Looop. This innovative SaaS solution is designed to offer a completely scalable, reliable and secure suite of products to banks and merchants, giving a deep level of analytical detail from transactional data about consumers behaviour in real-time.
|12.10 – 12.30||Presentation: Obstacles for financial innovation|
Udayan Goyal – Founder, Anthemis Group
Anthemis Group is a technology and talent collective specialising in the design and implementation of innovative business models and concepts in payments, banking, wealth management, capital markets and insurance. From start-ups and venture capital firms to corporates, established financial institutions and private equity firms, Anthemis is catalysing and accelerating positive, disruptive change across the financial industry.
|12.30 – 13.00||Panel: Innovative Payment Solutions|
The need for innovative payment methods is seen across multiple industries. New technology transforms mobiles into smart payment devices, with enhanced functionality. In this session, we outline some interesting things companies are doing in the payment industry space; however it would appear that the race for leadership in easy e-commerce in Europe is still on. The panelists will explain how:
Mark Henkel – Co-Founder, Paymill
Nicolai Watzenig – CEO, Birdback
Dennis Jones – CEO, Judo Payments
Klas Bäck – Senior Executive, Braintree
Carl-Henrik Somp – COO, Trustly
PAYMILL is an innovative payment solution which enables online businesses and services to accept payments on their websites within a very short time. PAYMILL has been launched in Germany in August 2012 and has been expanded to 39 countries.
Birdback is a London based technology based startup, building an application platform on top of the payment processing network and provides card-linking capabilities for developers and merchants. The Birdback API enables third-party developers to build apps, link them to payment cards and distribute them through a large network of publishers.
Judo Payments provides mobile payment solutions to thousands of businesses across the UK to ensure they never lose a sale. From integrated card payments for mobile apps to providing the tools to build a custom mobile payment system for third parties, judo makes mobile credit and debit card acceptance simple and affordable.
Braintree powers online and mobile payments for thousands of the fastest growing and most reputable merchants in the world. In 2012, they acquired Venmo, a New York-based provider of peer to peer payments, to further transform online and mobile commerce. Braintree was a part of the Inc. 500 for both 2011 and 2012.
Trustly is a Swedish technology company developing and selling online bank payment services based mainly on Payment Initiation Services (PIS). Their payment products target both B2C and P2P payments online and on mobile. We currently operate in the Nordics and Spain and have initiated expansion to several other European countries. Since launching in 2008, Trustly has processed an excess of 12 Billion SEK in payments.
|13.00 – 14.00||Lunch|
|14.00 – 14.15||Presentation: ”The Innovation Love in: Why banks and start-ups should just hug it out.”|
Samad Masood, Director – FinTech Innovation Lab
Now in its second year, the London Lab is run by Accenture in collaboration with a group of the UK’s leading financial service institutions, angel investors and venture capital firms. It’s also supported by the Mayor of London, the City of London Corporation and the Technology Strategy Board.
|14.15 – 15.00||Panel: FX|
|New FX Demands Fuel Platform Innovation. Foreign exchange clients now expect analytics, order management, pre-trade risk controls and TCA — all within a low-latency environment. To meet these demands, new platforms are emerging that deliver end-to-end services. The FX market has undergone significant changes in recent years. The combination of an increasingly sophisticated client base, new technologies and an appetite for ultrafast trading speeds is spearheading innovations within the sector. Clients now expect as standard functionality such as analytics, order management, pre-trade risk controls, transaction cost analysis (TCA), and risk management — all within a low-latency environment. To meet these demands, new platforms have been emerging in recent months that deliver end-to-end services for clients, from pricing through to post-trade analysis.
Todd Latham – VP Marketing, The Currency Cloud
Philippe Gelis – CEO, Kantox
Michael Kent – CEO, Azimo
Joe Cross – Head of Consumer Marketing, TransferWise
The Currency Cloud delivers Cross Border Payments as a Service, leveraging the Cloud to provide access to and optimise across a multitude of payment networks and exchange rate providers, provide comprehensive administration and control features and fully automate the entire payments lifecycle from pricing and beneficiary management, through execution & receipt to settlement and reporting.
Kantox is a pioneering firm in the FX industry, bringing light and providing fresh air in an obscure, static market. Thanks to their state-of-the-art platform, Kantox offers a transparent and efficient solution to exchange foreign currencies corporate-to-corporate and make secure international payments. With more than 400 corporate clients in 12 countries and USD 200 million traded to date, Kantox has become a true alternative to banks and brokers.
Azimo enables you to make online international money transfers from any internet-enabled device – your computer, tablet or mobile – and send the money abroad directly to a bank account, for cash collection at one of their 150, 000+ locations in 125 countries around the world, for mobile air time, mobile wallet and even home delivery of cash.
TransferWise removes all the wrongness, letting people send money abroad at the lowest possible true cost. Using only real exchange rates and tiny not-hidden-fees. Headaches averted, and a revolution sparked.
|15.00 – 15.30||Panel: New Lending Solutions for Businesses and Consumers|
From an online marketplace that allows companies to selectively and confidentially sell outstanding invoices to raise working capital, to a London-based Peer-to-Peer lending platform that has matched nearly £100 million in P2P loans, the participants in this panel detail how businesses and consumer can access new ways to raise funds.
Anil Stocker – CEO, MarketInvoice
Rhydian Lewis – CEO, RateSetter
Christoph Rieche – CEO, Iwoca
MarketInvoice is the UK’s first online trading marketplace allowing businesses to selectively sell the invoices of large business customers to raise flexible working capital. Businesses register on MarketInvoice, and then auction invoices due to be paid in 30, 60, 90 days, receiving cash in advance from global institutional investors who compete to provide funding at the lowest cost.
RateSetter launched in October 2010 and has matched over £110m of loans. It is currently matching over £10m new loans a month. It focuses on consumer loans and has had over £1bn of applications since it launched. RateSetter pioneered the Provision Fund model in peer-to-peer lending which has allowed it to be the only platform in the world to return every penny to every lender. The business is doubling every six months and turned profitable in January 2013.
|15.30 – 16.00||Tea Break|
|16.00 – 16.30||Start-Up Spotlight|
|Three disruptive FinTech startups present themselves to the audience
Sebastian Herfurth- Co-Founder, Friendsurance
Virraj Jatania – CEO, Pockit
To be announced
|16.30 – 17.15||Panel: Developing local entrepreneurial infrastructures|
Dr. Christopher Sier – Director, FSKTN
Javier Tordable – Founding Partner, Entrepreneurs Capital Partners
Gavin Cleary – COO Financial Services Investment Organisation, UKTI
Chris Orange - Senior Business Development Manager EMEA,- London & Partners
Priit Põldoja – Chairman, FinanceEstonia
The Financial Services Knowledge Transfer Network (FSKTN) is a common ground for financial services experts, academics and technologists. It is supported by key delivery partners and a host of associate partners. The FS KTN covers the full range of financial services sectors including banking, capital markets, insurance, reinsurance and buy side as well as related sub-sectors.
ECP is a new VC fund firm based in Barcelona focused on innovative and disruptive startups and earlystage businesses across EU (with special focus in London, Berlin, Stockholm, and Madrid and NY/SF) in the capital markets, payments, big data, banking/corporate and personal finance space.
FinanceEstonia is a public-private cluster initiative with the aim of establishing Estonia as a vibrant and innovative location for financial services. Cluster membership is open to Corporates, Financial institutions and Professional advisors wishing to use Estonia as a base for domestic
|17.15 – 18.00||Panel: Funding Platforms|
|Imagine being in contact with 100,000 like-minded people who each want to invest £10 in your business, project or venture online. That’s the basis of crowdfunding – literally sourcing funds from a crowd. The idea is young, but it’s rapidly growing in popularity. The success stories are racking up too. According to Nesta, crowdfunding raised $1.5 billion for businesses in 2011, and in 2012 one project raised over $1 million. It has been described as ‘democratic finance’, allowing businesses and projects of all forms and sizes access to money while bypassing traditional banking institutions. It is an attractive route in economically difficult times when banks aren’t lending freely. But it isn’t all about the money – crowdfunding is also about building and benefiting community.According to Nesta, crowd funding raised $1.5 million for businesses in 2011, and in 2012 one project raised over $1 million. It has been described as ‘democratic finance’, allowing businesses and projects of all forms and sizes access to money while bypassing traditional banking institutions. It is an attractive route in economically difficult times when banks aren’t lending freely. But it isn’t all about the money – crowdfunding is also about building and benefitting communities.
Julia Groves – Chair, UK Crowdfunding Association
Arthur van de Graaf – Managing Director, Seeds.nl
Bruce Davis – Director, Abundance Generation
Thomas Davies – Investment Director, Seedrs
Luke Lang – Co-Founder, Crowdcube
Alejandro Cremades – CEO and Co-Founder, RockThePost
The UK Crowdfunding Association, or UKCFA, was formed in 2012 by fourteen crowdfunding businesses. It now has over twenty members as well as host of supporters and affiliated members spanning the crowdfunding spectrum from donation and reward to debt and equity. The aims are to (1) promote crowdfunding as a valuable and viable way for UK businesses, projects or ventures to raise funds (2) be the voice of all crowdfunding businesses in the UK (donations, loans and equity) to the public, press and policymakers (3) publish a code of practice that is adopted by UK crowdfunding businesses, that protects those participating in crowdfunding.
Seeds Investment was born in the ABN AMRO Bank’s Dialogue incubator and is the pioneer of crowdfunding for equity in the Netherlands.
Abundance Generation is the UK’s first crowdfunding platform enabling anyone to invest as little as £5 in UK renewable energy projects, including solar, wind, hydro and biomass. They started with a simple idea – to link up communities and individuals with Renewable Energy Projects and make it possible for everyone to share in the benefits of clean energy production.
Seedrs is all about online investing in the shares of new startup businesses and equity crowdfunding for seed-stage companies in the UK. They just closed the 37th funded campaign, taking Seedrs beyond the £2 million invested mark.
Crowdcube is the next generation of business investment. It is a new way to fund start-ups and business expansion by crowd funding for equity, giving entrepreneurs a platform to connect with people and raise venture capital. By attracting lots of investors who invest smaller amounts of money into a person, company, product or idea you can bypass the traditional ways of raising venture finance. To date, £12.012.560 has been funded through 46.844 registered investors.
RockThePost is a New York City-based crowdfunding company. The platform was launched to the public on November 23, 2011. In less than a year, the platform was already mentioned by TIME as one of the best crowdfunding platforms in the world, as one of the top 10 digital tools for entrepreneurs by Forbes and as one of the hottest start-ups to watch by Business Insider. Since March of this year start-ups have collectively raised over $17 million on RockThePost.
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