Competitive and Collaborative Dynamics Between FI’s and...

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Ronald A. Fons Global Head, Financial Services Sector [email protected] Competitive and Collaborative Dynamics Between FI’s and FinTechs

Transcript of Competitive and Collaborative Dynamics Between FI’s and...

Page 1: Competitive and Collaborative Dynamics Between FI’s and ...old.bankit.by/files/2015/presentations/19/cifrovaya-transformaciya/0… · ronald.fons@huawei.com Competitive and Collaborative

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Ronald A. FonsGlobal Head, Financial Services Sector

[email protected]

Competitive and Collaborative Dynamics Between FI’s and

FinTechs

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FinTech Palette

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Unbundling of a European Bank –

HSBC

Everyday

Banking

Investing

Insurance

Planning

Personal Loans

Financing

Mortgages

Payments

Omnichannel

Remittence/FX

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Best Offer / Bidder for Each

Service

Banks and FinTechs Bidding for My

Business

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Banks as Venture Capitalists and

Accelerators

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Banks need to take on Amazon and Google or die

“Some bankers and analysts think that Google, Facebook, Amazon or the like will not fully enter a highly regulated, low-margin business such as banking. I disagree. What is more, I think banks that are not prepared for such new competitors face certain death”.

Francisco González, CEO BBVA Financial Times, 02 December 2013

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Alibaba Tmall

China “11.11” Crazy On-line Shopping Day

2015 USD 14.34B (USD 1B in 1st 12min)

Alipay: 500M+ transactions

5.15M per minute @peak 30.9M hr

Mobile users: >74%

Parcels delivered : from 152M to 278M

Go Global: 217 Active Countries

5 days in US Bad Friday = 11h 49 mins

Huawei Tmall Flagship Store sold

940,000 smartphones USD 187.12M

Customer Environment Huawei Solutions

Overall

>100 Attacks per day in average

>10,000 Attacks per year

>100Gpbs Attack @peak

Peak:

Largest DDoS ever reported

@12/20/2014

453.8Gb in 14 hours

DDoS Specific

SERVERS & STORAGE

40,000+ of RH2288 Servers with PCI-E

SSD for big data storage & data mining,

and X6000 for Web App & searching

CORE ROUTERS & SWITCHES

12 sets of CloudEngine 12800 plus >100 sets TOR

24 sets of NE40E-X16 with 40G/100G

ports for core router.

SECURITY

AntiDDoS8000 with multiple 100Gb/s

attacking protection capacity

OPTICAL TRANSMISSION

OSN 8800 with 80×10G/40G/100G

channel in one fiber

OSN 9800 with 400G per slot capacity,

smoothly upgrade from 100G/100G+ to

400G/1T/2T

Banks also need to take on BATs or die

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Distributed Ledger

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R3 CEV Financial-grade distributed ledger initiativewww.r3cev.com

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FINTECH MINSK HACKATHON

18 – 20 September 2015

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•Bank Teller

•Loan Officer

•Mortgage Broker

•Insurance Claims and Policy

Processing Clerk

•Insurance Underwriters

•Claims Adjusters, Examiners

and Investigators

•Bookkeeping, Accounting

and Auditing Clerks &Tax

Preparers

Robotization: Automating Rote

Work in Financial Services

Source: Cognizant: The Robot and I…Automating Rote Work, March 2015

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