deloitte’s global financial · deloitte’s global financial services industry leaders 19/07/2016...
TRANSCRIPT
DELOITTE’S GLOBAL FINANCIAL
SERVICES INDUSTRY LEADERS
19/07/2016
WWW.ECONONY,GOV.IL
PRESENTED BY AMIT LANG
GENERAL DIRECTOR MINISTRY OF ECONOMY AND
INDUSTRY
INVESTINISRAEL.GOV.IL
AUTOMOTIVE
AGRICULTURAL
&WATER
DESIGN &
MANUFACTURING
OUR WORLD IS CHANGING ADDRESSING CHALLENGES WITH INNOVATION
INVESTINISRAEL.GOV.IL
“WHEN YOU HAVE TWO ALTERNATIVES, THE FIRST THING YOU
HAVE TO DO IS TO LOOK FOR THE THIRD THAT YOU DIDN'T
THINK ABOUT, THAT DOESN'T EXIST .”
— SHIMON PERES
3
“WE CANNOT SOLVE OUR PROBLEMS WITH THE SAME THINKING WE USED WHEN WE CREATED THEM”…
— ALBERT EINSTEIN
INVESTINISRAEL.GOV.IL
ISRAEL AN ENLIGHTENED ENVIRONMENT FOR INNOVATION
MOST AVAILABLE
VENTURE
CAPITAL
NO.2
MOST
INNOVATIVE
COUNTRY
BUSINESS
ENTREPRENE-
URSHIP
NO.2 NO.3 NO.4
IMD World Competitiveness Yearbook 2016, Bloomberg 2016
RESEARCHERS
IN R&D PER CAPITA
INVESTINISRAEL.GOV.IL ISRAELI INGENUITY ILLUMINATING LIVES AROUND THE WORLD
INVESTINISRAEL.GOV.IL
BRIAN KRZANICH
“IT'S ABOUT THE ONLY PLACE
WHERE YOU HAVE A COMPLETE
CROSS-SECTION OF THE COMPANY
IN ONE COUNTRY .”
ISRAEL TALENT ILLUMINATING INNOVATION
BILL GATES
“THE INNOVATION GOING ON IN
ISRAEL IS CRITICAL TO THE FUTURE
OF THE TECHNOLOGY BUSINESS .”
LI KA-SHING
“IT IS A COUNTRY THAT IS A
WELLSPRING OF KNOWLEDGE AND
SKILL AS WELL AS A FASCINATING
PLACE THAT OFFERS UNLIMITED
OPPORTUNITY .”
WARREN BUFFETT
“IF YOU ARE LOOKING FOR BRAINS –
STOP IN ISRAEL, THERE IS NO NEED
TO GO FURTHER .”
ERIC SCHMIDT
“THE DECISION TO INVEST IN
ISRAEL WAS ONE OF THE BEST
THAT GOOGLE HAS EVER MADE .”
LARRY ELLISON
“ISRAEL HAS ALWAYS HAD A
WEALTH OF INTELLECTUAL
TALENT .”
INVESTINISRAEL.GOV.IL
HUB FOR THE WORLD’S TOP BRANDS +270 LEADING CORPORATIONS HAVE OPENED DEVELOPMENT AND MANUFACTURING
CENTERS IN ISRAEL.
COMMUNICATION ENTERPRISE INTERNET
MEDICAL ENERGY & WATER SEMI-CONDUCTORS
INVESTINISRAEL.GOV.IL
THE BEST PLACE FOR STRATUPS OUTSIDE THE US
Source: The global startup ecosystem ranking 2015
INVESTINISRAEL.GOV.IL
9
INVESTORS SUCCESS STORY RATIO OF FUNDING ROUNDS V. EXITS, GAVE INVESTORS ~$2 FROM EXITS FOR
EVERY $1 INVESTED IN THE LAST 3 YEARS
IPOs Cap Raising and Exist ($b) - STRATUPS
5.4
6.9 6.6
3.5 3.4
2.3
2015 2014 2013
Exits Capital Raising
INVESTINISRAEL.GOV.IL
1
2
3
4
5
$1.02B
900M
$390M
$360M
$350M
Smart
transportation
Semiconductors
Communication
Mobile payments
FinTech
Start-up Acquired by Amount
(*ipo)
6 Cyber
FinTech 7
$320M
$1.2B
TOP DEALS 2014-2015
11
INVESTINISRAEL.GOV.IL
LEADING FINTECH INNOVATION
+1,000 COMPANIES +5,000 ENTREPRENEUR
SUCCESS STORIES
• Google App of the Year 2014.
• “Best [app] for tracking spending”, Forbes.
• Acquired by Prosper (Peer-to-Peer lending
pioneer) for ~30M$ (Sep 2015)
• A leading provider of global payments
solutions to banks worldwide.
• Acquired by D+H (Canadian payment
solutions provider) for 1.25B$ (May 2015).
• Founded in Israel where 300 out of the
firm’s total of 1,600 employees still work.
INVESTINISRAEL.GOV.IL
DIVERS COOLOBORATING
COMMUNITY
DIVERSE COLLABORATING COMMUNITY
INVESTINISRAEL.GOV.IL 6 REASONS WHY ISRAEL IS LEADING FINTECH INNOVATION
11
1. Israel has mastered the relevant technologies, such as real-time analytics, algorithmics, big
data, risk management, anti-fraud, and security and cyber.
2. It has a legacy of successes: Israeli fintech companies that have become leaders in their
respective fields (Actimize, FundTech, Retalix, Trusteer, Sapiens and others)
3. Thousands of Israelis working in the global financial services industry mainly on Wall
Street and in London, both on the technological and business fronts, many of whom return to
Israel with deep understanding and knowledge.
4. Global financial institutions have growing R&D centers here in Israel: Barclays, Citi, Visa,
SunGard, PayPal, Intuit, and RSA.
5. Global institutions are also investing here: Santander Ventures, PingAn and others.
6. Israeli financial institutions (both banks and credit card companies) have always been
open to innovation.
INVESTINISRAEL.GOV.IL
WHY IS SUCH BRILLIANCE BLOOMING IN ISRAEL?
INVESTINISRAEL.GOV.IL
VIBRANT ECONOMY
• One of the strongest economies in
the world
• Resilient, diverse and
open market
• Anchored banking system
• Elastic labour market and
seasoned policy makers NO. 1 IN THE WORLD
2013 CENTRAL BANK POLICY
— SOURCE: IMD GLOBAL
-5.25
-3.5
-1.75
0
1.75
3.5
5.25
7
2007 2008 2009 2010 2011 2012 2013 2014
Israel European UnionUnited Kingdom United States
GDP GROWTH RATE / {%}
INVESTINISRAEL.GOV.IL
ENLIGHTENED ACADEMICS • Tradition of distinguished achievement and a
culture
of excellence
• Israel values and promotes ingenuity and
creativity
• Israeli universities are recognized around the
world for their scientific leadership
• Israeli has given birth to 12
The Noble Prize winners
“ ISRAEL IS A WELLSPRING OF KNOWLEDGE AND SKILL
AS WELL AS A FASCINATING PLACE OFFERING
UNLIMITED OPPORTUNITY .”
— LI KA-SHING
HIGHEST CONCENTRATION OF
ENGINEERS IN THE WORLD
GCI REPORT
INVESTINISRAEL.GOV.IL
BRILLIANT
PEOPLE
• Entrepreneurial spirit and
a multicultural workforce
• Groundbreaking research and
innovative technologies
• Israelis imagine and create
solutions for a successful
businesses and a better future “WHEN YOU GO TO THE MIDDLE EAST LOOKING FOR OIL ,
YOU DON’T NEED TO STOP IS ISRAEL. BUT IF YOU GO
LOOKING FOR BRAINS, FOR ENERGY, FOR INTEGRITY ,
IT’S THE ONLY STOP YOU NEED TO MAKE .”
— WARREN BUFFETT
19
NO. 1 CYBER SECURITY
EFFORTS
IMD YEARBOOK 2016
COMPETITIVENESS
NO. 2 POSTSECONDARY
EDUCATION
BLOOMBERG REPORT
2016
NO. 3 QUALITY OF
SCIENTIFIC
RESEARCH
INSTITUTIONS
WEF GLOBAL
COMPETITIVENESS REPORT
2016
NO. 4 IN RESEARCH
PERSONNEL
BLOOMBERG REPORT 2016
INVESTINISRAEL.GOV.IL
BLAZING R&D
• Leading academic
research and a strong
defence industry
• Israel is home to 230,000
hi-tech workers, 39% of
which work in R&D
“ ISRAEL IS THRIVING IN TERMS OF INNOVATION BECAUSE YOU
HAVE A CULTURE THAT MAKES IT POSSIBLE TO QUESTION
AUTHORITY AND TO CHALLENGE EVERYTHING - YOU DON’T
FOLLOW THE RULES .”
— ERIC SCHMIDT
NO. 2 IN THE WORLD
R&D INVESTMENT
AS % OF GDP
SOURCE :ORCD DATA
2008 2009 2010 2011 2012 2013 2014
Korea
Israel
Japan
Finland
Denmark
OECD
THE GOVERNMENT OF ISRAEL OFFERS
AN ASSORTED RANGE OF INCENTIVES
IN THREE MAIN CATEGORIES
Investments and
Manufacturing Industrial R&D Employment
Investments
grants & tax
benefits for
investors
Various programs
that support
Industrial R&D
Employment
subsidy &
vocational
training programs
YOUR ONE STOP SHOP
DIRECTOR OF
EMPLOYMENT
REGULATION
MUNICIPAL
AUTHORITIES
ISRAEL LAND
AUTHORITY
ISRAEL TAX
AUTHORITY
POPULATION &
IMMIGRATION
AUTHORITY
VOCATIONAL
TRAINING
ADMINISTRATION
OF INDUSTRIAL
ZONES
OFFICE OF
THE CHIEF
SCIENTIST
INVESTMENT
CENTER
THE ISRAEL
EXPORT &
INTERNATIONAL
COOPERATION
INSTITUTE
FOREIGN
TRADE
ADMINISTRATION
FUEL CHOICES
INITIATIVE