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Plurimi Wealth Solutions Ltd, 92 Irish Town, Gibraltar Photograph of Europa Point Lighthouse (“La Farola”), Gibraltar, built between 1834-1841 FinTech Startups: Dawn of a New Bank Gibraltar Startup Community

Fintech Startups: Dawn of a New Bank by Ashish Gianani and Sam Buxton - Plurimi

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Page 1: Fintech Startups: Dawn of a New Bank by Ashish Gianani and Sam Buxton - Plurimi

Plurimi Wealth Solutions Ltd, 92 Irish Town, Gibraltar

Photograph of Europa Point Lighthouse (“La Farola”), Gibraltar, built between 1834-1841

FinTech Startups: Dawn of a New Bank

Gibraltar Startup Community

Page 2: Fintech Startups: Dawn of a New Bank by Ashish Gianani and Sam Buxton - Plurimi

Background

Investment in fintech companies is growing faster in the U.K. than it is anywhere else in the world. Last year, London’s fintech startups attracted £343 million. On its own, the city accounts for 53 per cent of total European investment in Fintech (Accenture)

Big Banks Plead with Customers Not to Move Their Money

Loyal customers asked to leave Bank after being told they're TOO POOR: Some have been with the same bank for 60 years but booted out because they don't earn £75,000

Most Bank Customers Would Trade Personal Banking for Digital Banking

Gallup recently asked more than 6,000 banking customers47% of customers would give up their digital relationship

53% would give up their personal banking relationshipApril 27, 2015

March 31, 2015

Where is the Uber of banking?

Bank of England Governor Mark Carney worries that technology will disrupt the banking and financial services industry

Fintech drives record hike in London startup VC funding 06 July 15 by Liat Clark

Page 3: Fintech Startups: Dawn of a New Bank by Ashish Gianani and Sam Buxton - Plurimi

Simple.com / The Mondo app

Your financial data can tell a story“Current Balance” doesn't tell the whole story Safe-to-Spend® Goals

Page 4: Fintech Startups: Dawn of a New Bank by Ashish Gianani and Sam Buxton - Plurimi

Funding Circle

Page 5: Fintech Startups: Dawn of a New Bank by Ashish Gianani and Sam Buxton - Plurimi

Revolut

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Landscape

Data

ServicesInvestments

Equity/Debt

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A portal to better banking

Think Banking, Think Plurimi.

Page 9: Fintech Startups: Dawn of a New Bank by Ashish Gianani and Sam Buxton - Plurimi

CONTACT US

PLURIMI WEALTH SOLUTIONS

92 Irish Town,Irish House, Second Floor, Gibraltar GX11 1AA

Tel : +350 200 42343Fax : +350 200 76614

PLURIMI WEALTH LLP

11 Waterloo Place, St. James’s / PiccadillyLondon SW1Y 4AU

Tel : +44 20 74843340Fax : +44 20 74843369

www.plurimi.com

This presentation is private and confidential and is intended for the exclusive use of the person or persons for which it was provided to by a member of Plurimi. Any other recipients of this document should disregard its contents and should not rely on it. The information contained in this service proposal is given without any liability whatsoever to Plurimi Wealth Solutions Limited, Plurimi Wealth LLP, Plurimi Investment Managers LLP or any other member of the Plurimi Group or any of its related entities or their respective members or officers, and is not intended to constitute legal, tax or accounting advice or opinion. No representation or warranty, expressed or implied, is made as to the accuracy, completeness or thoroughness of the content of the information. The recipient should consult with their own legal, tax or accounting advisers as to the accuracy and application of the information contained herein and should conduct its own due diligence and other enquiries in relation to such information. The information in this presentation has not been independently verified by Plurimi.

Plurimi disclaims any responsibility for any errors or omissions in such information, including the financial calculations, projections and forecasts set forth herein. No representation or warranty is made by or on behalf of aim that any projection, forecast, calculation, forward-looking statement, assumption or estimate contained in this presentation should or will be achieved. This presentation does not carry any right of publication. This presentation is incomplete without reference to, and should be viewed solely in conjunction with, the oral briefing provided by Plurimi. Neither this brochure nor any of its contents may be reproduced or used for any other purpose without the prior written consent of Plurimi.

This teaser brochure is intended to summarise the proposed product and set-out how it can be used to` the advantage and benefit of respective clients. This presentation is intended solely for the person to whom it has been delivered for the purpose of evaluating a possible interest in using this product. It should be noted that the product is currently in its planning stage and is not yet incorporated, registered or regulated.

Plurimi Wealth Solutions Limited (“PWS”) is regulated by the Gibraltar Financial Services Commission (“FSC”) under license number FSC1259B.

Page 10: Fintech Startups: Dawn of a New Bank by Ashish Gianani and Sam Buxton - Plurimi

Additional Resources

Level39One Canada Square, Canary Wharf, London, United Kingdom E14 5AB (Open 24 hours)Hotdesk membership £325/Month + VAT or ClubLounge39 [email protected] or call 0203 668 3700

http://www.ey.com/GL/en/Industries/Financial-Services/ey-fintech-adoption-indexhttp://www.bloomberg.com/news/articles/2015-08-18/mondo-s-ceo-wants-to-build-a-bank-for-people-who-hate-banks https://www.gov.uk/government/news/personal-current-accounts-and-small-business-banking-not-working-well-for-customershttp://www.ft.com/cms/s/0/a08ca532-f4ac-11e4-9a58-00144feab7de.html#axzz3jHJFjVpohttp://www.huffingtonpost.com/2013/05/22/simple-bank_n_3314373.htmlhttp://www.thisismoney.co.uk/money/saving/article-2947996/Barclays-facing-mass-exodus-loyal-customers-leave-told-POOR.html#ixzz3jRMBosafhttp://www.gallup.com/opinion/gallup/182813/bank-customers-trade-personal-banking-digital-banking.aspxhttp://www.mckinsey.com/insights/business_technology/the_rise_of_the_digital_bankhttps://www.mindmeister.com/488176466/fintech-landscape

Credits and Additional Resources

London & CoThe London Co-Investment Fund is founded and managed by Funding London and Capital Enterprise. It has raised £25m from the Mayor of London’s Growing Places Fund to co-invest in seed rounds between £250,000- £1,000,000.http://lcif.co/

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FinTech Startups: Dawn of a New Bank

Gibraltar Startup Community

Q&A

Page 12: Fintech Startups: Dawn of a New Bank by Ashish Gianani and Sam Buxton - Plurimi

UK Landscape

E&Y estimate the Fintech market (as defined in the scope agreed with UKTI) to be worth c. £20bn in annual revenue and growing.

Traditional Fintech Emergent Fintech82%

18%‘Facilitators’ (larger incumbent technology firms supporting the financial services sector)

‘Disruptors’ (small, innovative firms disintermediating incumbent financial services firms with new technology)

Fintech categories:

Payments (c. £10bn)Software (c. £4.2bn) Data and Analytics (c. £3.8bn)Platforms (c. £2.0bn)

The highest growth areas are peer-to-peer platforms, online payments and the data and analytics products (credit reference, capital markets and insurance) which together represent c. 60% of the sector.

Page 13: Fintech Startups: Dawn of a New Bank by Ashish Gianani and Sam Buxton - Plurimi

FinTech Adoption at a Glance

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Future use of FinTech

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FinTech use in major urban areas

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Most used FinTech services

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Top Reasons for Adoption

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Top Reasons for Non Adoption

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Availability of capital

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Ecommerce and Mobile/Internet Use

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Increasing propensity to switch

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Additional Resources

http://www.ey.com/GL/en/Industries/Financial-Services/ey-fintech-adoption-indexhttp://www.ey.com/Publication/vwLUAssets/Landscaping_UK_Fintech/$FILE/EY-Landscaping-UK-Fintech.pdfhttps://www.gov.uk/government/uploads/system/uploads/attachment_data/file/341336/Landscaping_UK_Fintech.pdf

Credits and Additional Resources