1© Fintech Ireland
www.fintechireland.com
Fintech BridgeTuesday, 3rd October 2017
Bridging the Atlantic.
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Lunch Atop a Skyscraper
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How did this event come about?
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Bridging the Atlantic
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NEW YORK
ATLANTA
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NEW YORK
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ATLANTA
Section Speaker Timing
Welcome Ireland Peter O’Halloran(Collaborator, Fintech Ireland)Andrew Conlan-Trant(Executive Dean, DBS)
18.10-18.10
Welcome Atlanta Shane Stephens (Consul GeneralIreland, Southeast US) & DavidHartnett, (Chief EconomicDevelopment Officer, Metro AtlantaChamber of Commerce)
18.10-18.20
Fintech Ireland Scene• What does Ireland’s Fintech
ecosystem look like and howis it evolving?
Peter Oakes(Founder, Fintech Ireland)
18.20-18.30
Fintech Atlanta Scene• What does Atlanta’s Fintech
ecosystem look like and howis it evolving?
Marianne Johnson(Leader, FinTech Atlanta)
18.30-18.40
Agenda – Welcome & Fintech Scenes
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Agenda - Panel SessionsNEW YORK
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ATLANTA
Section Speaker Timing
Panel Session:InternationalScaling from US &Ireland
• Scaling from Atlantawith Ireland as aEuropean hub
• Scaling from Irelandwith Atlanta as aU.S. hub
• What are possibleimplications &opportunities forIrish & U.S. Fintechfirms with Brexit
Peter Oakes (Dublin)Grant Wainscott (Atlanta)
Panellists (Dublin)Maura McGrath(Joint Venture Services, Elavon)Peter O’Halloran(VP, eCommerce , International, First Data)Ciaran Cassidy(Global Head of eCommerce Product, GlobalPayments)
Panellists (Atlanta)Marianne Johnson(SVP, Head of Product & Technology, Network &Security Solutions, First Data)Aidoo Osei(VP, Product & Innovation, Global Payments)Gabriel Moynagh(CEO, Sysnet Global Solutions)Georgina Nelson(Founder, TruRating)
18.40-19.00
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NEW YORK
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ATLANTA
Section Speaker Timing
Panel Session: Funding –Venture Capital & PrivacyEquity Investment
• What specific Fintech sectors areinvestors looking at now?
• Venture Capital and privateequity investment insights
• Market trends and challenges
Peter O’Halloran (Dublin)Grant Wainscott (Atlanta)
Panellists (Dublin)Helen Fullen(Accelerator Leader, NDRC)Thomas Olszewski(Associate, Frontline Ventures)
Panellists (Atlanta)Robin Bienfait(Partner, Valor Ventures)Sean Banks(Partner, TTV Capital)
19.00-19.20
Agenda - Panel Sessions
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NEW YORK
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ATLANTA
Section Speaker Timing
FintechBattle:Ireland &Atlanta.6 Start-Ups.5 minuteseach.
Presenter (Dublin)Andrew Quinn(Finance & Accountancy Course Director, DBS)
Fintech Battlers IrelandClaus Christensen(CEO, Know Your Customer)Sean Fitzgerald(CEO, NuaPay)Greg Birdthistle(Co-founderTaxamo)
Presenter (Atlanta)Grant Wainscott(Senior Director of Technology Ecosystem Expansion,Metro Atlanta Chamber)
Fintech Battlers AtlantaJeff Schmidt(President,Authomate)Andrew Gowasack(Co-founder, Trust Stamp)Kell Canty(Co-founder,Verady).
19.20-19.50
Agenda – Fintech Battles
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NEW YORK
ATLANTA
Section Speaker Timing
Fintech Battle: Poll VotingResults & Prize Awards
• What specific Fintech sectors areinvestors looking at now?
• Venture Capital and privateequity investment insights
• Market trends and challenges
Prize Presenter (Dublin)Lexi Koutrelakos(Fintech Atlanta Volunteer)Richard Harris(Head of International Operations,Feedzai)
Prize Presenter (Atlanta)Grant Wainscott(Senior Director of TechnologyEcosystem Expansion, Metro AtlantaChamber)Nuno Sebastiao(CEO, Feedzai)
19.50-19.55
Wrap Up Peter O’Halloran(Collaborator, Fintech Ireland)Jorge Fernandez(VP, Global Commerce, Metro AtlantaChamber)
19.55-20.00
Post Event NetworkingAtlanta:The Garage at Tech Square848 Spring St NW, Atlanta, GA 30308.Dublin: Hogan’s Bar35-37 South Great George's Street, Dublin, D02 AX50.
15.00(Atlanta)
20.00(Dublin)
Agenda – Voting, Prizes & Wrap-Up
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Fintech Battle Voting
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Q&A, Hashtag & Live Streaming
Send questions to @fintechbridge - We will endeavour to answer during theevent if time allows, otherwise post-event
Q&A
Live streamingGo to https://fintechbridge.eu/
Hashtag
Please use the hashtag #fintechatlirl and let’s see if we can get this event trending!
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Thank You to ourSponsors & Partners
Sponsors
Media Partner Facility Partner
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Opening & Welcome
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Fintech ScenesIreland & Atlanta
Peter Oakes - Founder,Fintech Ireland & Fintech UK
Executive and non-executive director and advisory committee member to regulated and unregulated companies, includingFintech, RegTech, MiFID and Funds. Panel Member, Fintech 50 Europe & Fintech 20 Ireland
Solicitor admitted in Ireland, the United Kingdom and Australia
Founder of Fintech Ireland & Fintech UK (RegTech Ireland & Regtech UK). These groups support ‘fintech’ & ‘regtech’initiatives in Ireland & the UK
2014-2016: Board Director & Chief Risk Officer for Bank of America Merchant Services Europe (based in London)
2010-2013: Central Bank’s first Director of Enforcement and AML/CTF Supervision in October 2010. Member of the SeniorLeadership, Operations, Policy & Supervisory Risk Committees
Over the past 25 years Peter has worked as a regulator (Ireland, UK & Australia) and in the investment management,payments, funds & fintech industries (UK & Ireland) in Board, C-Suite, Legal and Compliance/Risk roles. He has also advisedCentral Banks, Regulators and their senior management on a wide range of supervisory and enforcement issues
15© Fintech Ireland / www.fintechireland.com
https://www.linkedin.com/in/peteroakes/ @fintechireland @oakeslaw
Fintech Ireland Event Collaborators
Dave Anderson, Fintech community organiserand DevOps Transformation Consultant
https://ie.linkedin.com/in/daveandersonireland @supergingerdave @gingertechie
Peter O’Halloran,Vice President & GeneralManager, eCommerce, International at First Data
https://ie.linkedin.com/in/peterohalloran @p_ohalloran
Alex Lee, Investor and Board Advisor toFinTech firms
https://uk.linkedin.com/in/alexjameslee @AlexLeeFinTech
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Fintech Ireland – By the Numbers
Origin of Fintech Ireland
Numbers◦ 120,000+ = number of visitors in last year◦ 16,500 = number of current average monthly visits◦ 4,000 = followers on twitter (8,500 across all our
fintech twitter accounts)◦ 1,100 = number of fintech enthusiasts who subscribe
to the email list◦ 40 = number of local & international events
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Fintech Ireland – in one word
FREE18
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Where does Fintech Ireland Fit?
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Many VoicesOne Message
We Connect the Dots
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We support a number of initiatives to put Irish Fintech on the global map,including
◦ The Fintech 50 (www.thefintech50.com) we promote the inclusion of Irish Fintech on the annual list 2017 saw the inclusion of two Irish Fintech - Fenergo and AQ Metrics 2018 should see even more Irish fintech on the list
◦ The Fintech 20 Ireland: we’re one of the three original stakeholders, togetherwith Irish Tech News & The Fintech 50. Have today confirmed our commitment tothe 2017 event this October (www.irishtechnews.com)
Announcing Partnerships with further overseas hubs and movements
Recent / upcoming trips: Most of Europe, USA (NY and SanFran) andAustralia
Talk to me about sponsoring and supporting Fintech Ireland◦ It’s time for a revamped strategy and facelift!
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International engagement and futuredevelopment
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Fintech Ireland – Map (1/2) (Dave Anderson)
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Fintech Ireland – Map (2/2)136 firms on Map
Top 3 sectors:
• Payments 35 (26%)• Regulation 20 (15%)• Accounting 13 (10%)
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Regulated Fintech (Payments & E-Money)
Authorised by CentralBank: 2 x E-money 13 x Payment Services (PS)
Authorised in EEA,passport into Ireland: 554 x E-Money & PS
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Financial Services - Employment
50,000 employed in FinServ
35,000 employed in internationalFinServ◦ these employers contribute €2bn per
year in taxes
10,000 – target for increasing directemployment in the internationalFinserv by 2020
7,000 employed in Fintech
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Ireland - Blockchain Leaders27
Funderbeam - BlockchainReport 2017
Blockchain industry hasgrown since 2013 fromfunding circa $75mn to$856mn.
North America has seen themost funds raised, butIreland is reported at6.26%
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Funding Figures - www.IVAC.ie (1/2)
Irish tech firms raised €500mn in first halfof 2017 (actually it was €498.7mn)◦ 3% increase on H1 2016 (€486mn)
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Funding Figures - www.IVAC.ie (2/2)
The H1 2017 figures from the Irish Venture CapitalAssociation note the following fintech raises:
◦ Deposify €200k◦ Flender €1.5mn◦ Plynk €25mn◦ YepUp €570k◦ Rockall €450k◦ Arex €3mn
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CapitalCapital
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The dread ‘B’ Word - ‘Brexit’ (1/2)
Without doubt, Brexit will have apositive & negative influence onIreland
100+ enquiries setting up in Ireland
In terms of FinServ & FinTech,positives include:◦ UK based firms looking for a second
home in Ireland◦ international companies which would
otherwise have gravitated to UK as firstEU home, now looking at Ireland
◦ could we snare a regulator?
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The dread ‘B’ Word - ‘Brexit’ (2/2)
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Thank you
Join the Fintech Ireland Group
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www.FintechIreland.com/get-involved.html
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Fintech ScenesIreland & Atlanta
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PanelInternational Scaling
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PanelVenture Capital & Equity Investment
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Fintech Battle
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Fintech Battle
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www.taxamo.com
Global Digital VAT landscapeKnow Your Customer
KYC/AML in the 21st century
• More regulation: AMLD4, FinCEN CDD
• Business demands: Faster, digital, mobile
• Compliance processes stuck in the 80’s
• The (paper) elephant in the room
• Slow, unpleasant, error-prone
• Not even very secure
• Corporate KYC automation• Digital documents from company registries• Automatic corporate structure discovery• AML on all ultimate beneficial owners
• Individual KYC• Request through secure mobile app• Proof of ID: algorithmic authentication
• Faster, more secure, better experience
Solution: Integrated digital KYC
Founded in 2015 Self-funded by 3 co-founders
Distributed team of 18 Sales in Ireland, U.K. and Hong Kong• Next steps:
• Geographical: Expansion into Europe, USA• New markets: KYC on Blockchain, KYC for ICO’s
Richard BarrettCo-Founder
Cormac DoddyCo-Founder
Claus ChristensenCo-Founder, CEO
Know Your Customer, the company
NuaPay
What we are doing
We are creating an eCommerce Alternative Payment Methodto the credit card. Both Merchants and Consumers will see itas far superior to credit cards.
3 Essential Components
MerchantAdvanceFunding
ConsumerPayment
Plans
BANK
ORIGIXCORPORATE
For banksFor corporates
ORIGIXIP
HOW WE BUILT IT
MarketDrive to
Bank basedPayments
24/7SAAS
REALTIMEMISSIONCRITICAL
Authorised& Regulated
by theFinancialConduct
Authority(FCA)
€35bnPROCESSEDANNUALY
ISO 27001&
ISO 9001Certified
WHAT WE HAVE ACHIEVED SO FAR
65 staff in totalof which 45 located
at the HeadQuarters in
Maynooth, IrelandOffices in 5 EU
countries
2015 2016 2017
Nuapay Revenue Growth
www.taxamo.comwww.taxamo.com
Global Digital VAT landscapeTaxamo
www.taxamo.comwww.taxamo.com
Global Digital VAT landscape
● Today 45 countries representing 1.9 billion consumers
● There is expected to be 100+ countries within 3 years.
● Each country has different requirements for tax calculation, reporting, registration, filingand remittance
● Global market is worth $300 Billion + representing 400,000 + merchants
Taxamo propositionGlobal Digital VAT landscape
A single integration will manage the impacted countries today and the 100+ countries
Enables key resources in the organisation to focus on the core business
Guarantee to substantially reduce the cost of VAT Compliance
Assume the risk associated with FX and fines & penalties
Intermediary removing VAT liability, no need for businesses to register, file and remit VAT
www.taxamo.com
Taxamo propositionTaxamo Proposition
www.taxamo.comwww.taxamo.com
Vision
● Taxamo will be a critical part of the global e-commerce infrastructure.
● We will be trusted and seen as the world’s indirect tax clearinghouse for businesseswho sell online.
● We will do this by taking the VAT liability for our clients’ transactions allowing them tofocus on their product.
Global Digital VAT landscapeTaxamo proposition
Vision
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Fintech Battle Voting
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Fintech BattleResults & Prizes
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Wrap Up
Post Event Networking
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HOGAN’S BAR (20.00)
THE GARAGE AT TECH SQUARE (15.00)
55© Fintech Ireland
www.fintechireland.com
Thank You