How is the mobile internet and blockchain changing everything we value in trade, finance, life and relationships? By Chris Skinner, Financial Services Club. Presented at Crowdsourcing Week Global 2016. Learn more and join the next event: www.crowdsourcingweek.com

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

4. • What is the ValueWeb?
• What technologies are
being used?
• Why FinTech is so hot!
• The impact upon
financial institutions
• The future

5. 5

9. 1606 1933
Jerónimo de Ayanz y Beaumont files first patent for a
steam-powered device that pumps water out of mines
George and William Besler are the first
aviators to successfully fly on steam power

15. SLOW EXPENSIVE

16. SLOW EXPENSIVE

17. FAST EXPENSIVE

18. FAST FREE

20. REAL-TIME NEAR-FREE

21. NEAR-FREE

22. Iqram Magdon-Ismail
Andrew Kortina

26. Harper Reed
Dylan Richard

32. NEAR-FREE

35. PROOF

36. How Bitcoin works
sender sends bitcoin to
receiver and, once
validated, the transaction is
recorded to the blockchain
…
… receiver gets bitcoin from
sender and can spend it only
after the blockchain
confirms transaction
anyone can see the transaction in
the blockchain

37. … and so
sender sends anything to
receiver and, once
validated, the transaction is
recorded to the blockchain
…
… receiver gets something
from sender and can spend
it only after the blockchain
confirms transaction
anyone can see the transaction in
the blockchain

40. • What is the ValueWeb?
• What technologies are
being used?
• Why FinTech is so hot!
• The impact upon
financial institutions
• The future

43. to a server at System
4.5 1 5.5
THE SERVER
the server at

47. • What is the ValueWeb?
• What technologies are
being used?
• Why FinTech is so hot!
• The impact upon
financial institutions
• The future

49. RETAIL BANKING
WEALTH MANAGEMENT
COMMERCIAL BANKING
INVESTMENT BANKING
INSURANCE
PAYMENTS
BACK OFFICE
[MANUFACTURING]
MIDDLE OFFICE
[PROCESSING]
FRONT OFFICE
[RETAILING]

50. RETAIL BANKING
WEALTH MANAGEMENT
COMMERCIAL BANKING
INVESTMENT BANKING
INSURANCE
PAYMENTS
BACK OFFICE
[MANUFACTURING]
MIDDLE OFFICE
[PROCESSING]
FRONT OFFICE
[RETAILING]

51. RETAIL BANKING
WEALTH MANAGEMENT
COMMERCIAL BANKING
INVESTMENT BANKING
INSURANCE
PAYMENTS
BACK OFFICE
[MANUFACTURING]
MIDDLE OFFICE
[PROCESSING]
FRONT OFFICE
[RETAILING]
WEALTH MANAGEMENT
INVESTMENT BANKING

52. RETAIL BANKING
WEALTH MANAGEMENT
COMMERCIAL BANKING
INVESTMENT BANKING
INSURANCE
PAYMENTS
BACK OFFICE
[MANUFACTURING]
MIDDLE OFFICE
[PROCESSING]
FRONT OFFICE
[RETAILING]

53. RETAIL BANKING
WEALTH MANAGEMENT
COMMERCIAL BANKING
INVESTMENT BANKING
INSURANCE
PAYMENTS
BACK OFFICE
[MANUFACTURING]
MIDDLE OFFICE
[PROCESSING]
FRONT OFFICE
[RETAILING]

54. RETAIL BANKING
WEALTH MANAGEMENT
COMMERCIAL BANKING
INVESTMENT BANKING
INSURANCE
PAYMENTS
BACK OFFICE
[MANUFACTURING]
MIDDLE OFFICE
[PROCESSING]
FRONT OFFICE
[RETAILING]

55. RETAIL BANKING
WEALTH MANAGEMENT
COMMERCIAL BANKING
INVESTMENT BANKING
INSURANCE
PAYMENTS
BACK OFFICE
[MANUFACTURING]
MIDDLE OFFICE
[PROCESSING]
FRONT OFFICE
[RETAILING]

56. RETAIL BANKING
WEALTH MANAGEMENT
COMMERCIAL BANKING
INVESTMENT BANKING
INSURANCE
PAYMENTS
BACK OFFICE
[MANUFACTURING]
MIDDLE OFFICE
[PROCESSING]
FRONT OFFICE
[RETAILING]

57. RETAIL BANKING
WEALTH MANAGEMENT
COMMERCIAL BANKING
INVESTMENT BANKING
INSURANCE
PAYMENTS
BACK OFFICE
[MANUFACTURING]
MIDDLE OFFICE
[PROCESSING]
FRONT OFFICE
[RETAILING]

59. • What is the ValueWeb?
• What technologies are
being used?
• Why FinTech is so hot!
• The impact upon
financial institutions
• The future

60. 60

71. “Chris Skinner: one of the most authoritative
voices on Fintech anywhere”
SETH WHEELER
FORMER ECONOMICS ADVISOR
TO THE US PRESIDENT
email: chris.skinner@fsclub.net
twitter: Chris_Skinner
website: www.chrisskinner.global