how data drive beyond bank - christian miccoli (conio)

ROME 2017, FEBRUARY 25

Beyond Banks

FOUNDERS

Christian Miccoli

1994 - First direct bank in Italy - Allianzbank

2001 - Launch of ING Direct - Conto Arancio

2008 - Launch of CheBanca!

Co-Founder of GoPago, mobile payment start up sold to Amazon 2013

Stanford - Master of Science in Computer Science

Microsoft, Yahoo!

VincenzoDi Nicola

FINANCE TECHNOLOGY

Do you trust your Bank?

TIMES CHANGED

December 22, 2016

Italy to bail out Monte dei Paschi di Siena bank with €20bn rescue fund.

January 10, 2017

Big Banks Lose Bid to Halt Crisis-Era Lawsuits.

January 31, 2017

EU banks crumbling under £910BILLION bad debt as toxic loans.

Deutsche Bank: the worst bank in Europe.August 11, 2016

Draghi: Italy need to close Target2 sales for exit Euro. 359 billions.January 23, 2017

January 27, 2017

Mediobanca: “Italy can save money, exiting Euro”.

January 5, 2017

Greece heads into another economic crisis: time to finally exit the European Union? January 16, 2017

Berger: «Better for Berlin if Germany exits Euro now».

What is a currency?

YAP ISLAND - EARLY 1900

What is a currency?

YAP ISLAND - EARLY 1900

What is a currency?

What is a currency? Just Data.

YAP ISLAND - EARLY 1900

New York 2017

New York 2017508,000 GOLD BARS

6,350 TONS.. PROBABLY

1800 1900

1800 1900

1800

Convertible ..into gold

1900

1800

Convertible ..into gold

1900 1971

1800

Convertible ..into gold

1900 1971 LATE 1900

1800

Convertible ..into gold

1900 1971 LATE 1900

1800

Convertible ..into gold

1900 1971 TODAY

1800

Convertible ..into gold

1900 1971

Just Data.

TODAY

Where is my money (data)?

BANK A BANK B

BANK C

Where is my money (data)?

BANK A BANK B

BANK C

Client X 100€

Where is my money (data)?

Where is my money (data)?

BANK A BANK B

BANK C

Client X 50€

Client Y 50€

Where is my money (data)?

BANK A BANK B

BANK C

Client X 50€

Client Y 0€

Client W 50€

Where is my money (data)?

BANK A BANK B

BANK C

Client X 100€

Client Y 0€

Client W 0€

BANK A BANK B

BANK C

Client X 100€

The Blockchain Revolution

Client Y 0€

Client W 0€

The Blockchain Revolution

BANK A BANK B

BANK C

Client X 100€

Client Y 50€

Client Z 0€

Client W 0€

The Blockchain Revolution

The Blockchain Revolution

Client X 100B

Client Y 0B

Client W 0B

The Blockchain Revolution

Client X 100B

Client Y 0B

Client W 0B

X 100B

The Blockchain Revolution

Client X 50B

Client Y 50B

Client W 0B

X 100B

Y 50B

The Blockchain Revolution

Client X 50B

Client Y 0B

Client W 50B

X 100B

Y 50B

W 50B

The Blockchain Revolution

A unique global shared ledger.

Client X 50B

Client Y 0B

Client W 50B

X 100B

Y 50B

W 50B

Bitcoin is thefirst viable private currency.

THE SOLUTION

BENEFITS FOR PRIVATE CUSTOMERS

An independent currency for everybody.

BENEFITS FOR PRIVATE CUSTOMERS

An independent currency for everybody.

Single worldwide currency

BENEFITS FOR PRIVATE CUSTOMERS

An independent currency for everybody.

Single worldwide currency

Lower cost of the financial

system

BENEFITS FOR PRIVATE CUSTOMERS

An independent currency for everybody.

Single worldwide currency

Lower cost of the financial

system

Stable/increasing

value

What’s the right price?

$ 0

$ 400

$ 200

$ 600

$ 1000

$ 800

$ 1200

2011 January

2013 January

2016 January

2012 January

2014 January

2015 January

2017 January

Hypothesis: Paypal Volumes

Hypothesis: Paypal Volumes

$ 0

$ 16000

$ 12000

$ 8000

$ 4000

$ 15.000

2011 January

2013 January

2016 January

2012 January

2014 January

2015 January

2017 January

Hypothesis: Mastercard Volumes

Hypothesis: Mastercard Volumes

$ 0

$ 300.000

$ 200.000

$ 100.000

$ 300.000

2011 January

2013 January

2016 January

2012 January

2014 January

2015 January

2017 January

CURRENT MARKET

Accessible only to nerds and hackers.In spite of some big investments in US startups, the adoption by mass market clients is hampered by lack of easy to use products.

67%

33%

Current market segmentation1

Techies

Non-techies

Non-techies audience pains

Howcan I geta Bitcoin?

What happenswhen I buy a Bitcoin?

““

1. “State of Bitcoin 2015”, Coindesk

Breaking walls in digital currency adoption in Europe.

OUR MISSION

FIRST PRODUCT: CONIO WALLET

Conio designs and develops for real people.

User centered, customer validated approach to product design.

No risk of losing Bitcoins: unique security based on proprietary solution. Patent pending.

No worries of breaching laws. Tax exemption for Bitcoins, no hassle in declaring gains.

010203

Simple

Safe

Compliant