Innovate Finance Global Summit 2017 Report

ROUND UP REPORT Date Monday 10thTuesday 11th April 2017 Venues: Guildhall and City venues London

www.ifgs2017..com | #IFGS2017 Platinum Sponsor

Innovate Finance is an independent membership association that represents the UK’s global FinTech community. Founded in 2014 with the support of the City of London and Canary Wharf Group, Innovate Finance is a not-for-profit that aims to accelerate the country’s leading position in the global financial services sector by directly supporting the next era of technology-led financial services innovators, whether they be a young startup or an established industry player. This is achieved through curated programmes based on member requirements, policy working groups and promotion through global press and social media.

The goal is to create a single point of access across the sectors to help foster enabling policies, regulation, talent development, business growth opportunities and investment in the UK - and, most importantly, to create a global finance sector that offers services that are more sustainable, more inclusive and better for everyone.

Innovate Finance currently has more than 250 global members ranging from seed start-ups and technology firms to global financial institutions and professional services firms.

Innovate Finance serves its members’ interests by engaging in political and legislative lobby, attracting investment capital, and “telling the FinTech story” to the world. It is the largest single gateway and network for the global FinTech community.

In 2016 Innovate Finance, in partnership with Innotribe, SWIFT’s innovation arm, announced the launch of the Global FinTech Hubs Federation (GFHF) to help foster innovation across the world’s financial services industry.

As an independent and inclusive global network of FinTech hubs, GFHF aims to fulfil the need within the international FinTech community to create a cross border and open platform that brings together emerging and established hubs.

www.innovatefinance.com

Lead Sponsor:

Founding Sponsor:

Round up Report

Contents In Numbers 4 Sponsors and Partners 5 Exhibitors 7 Press 8 Summary 9 Delegation 10 Speakers

11

The Great Hall 12 The Livery Hall 13 Exhibitors Area 14 International Village and Global Regulators

15

Breakouts Day One 16 Breakouts Day Two 17 Fringe Events 19 Pitch360 20 Press and Earned Media 22 Social Media Analysis 23 Mapping the Community at IFGS 2017

24

Contact 25

3

Innovate Finance Global Summit 2017

98% POSITIVE & NEUTRAL TONE

OF COVERAGE

C-SUITE, BOARD OR PARTNER

4.6

40%

DELEGATE

PLATINUM SPONSOR

25

C-SAT SCORE

555m+

AGGREGATE READERSHIP

70+

PIECES

OF PRESS

GLOBAL

COVERAGE

REGULATORS

2

13 GL BAL

EXHIBITOR

HUBS

268 MEDIA MENTIONS

DAYS

90

PRESS

24

ATTENDEES

2000+

ATTENDEES

START-UP AND PARTICIPANTS

9

400

WORKSHOP

MEMBER

8

I N NU M B E R S

11 MILLION

ROUNDTABLE

SESSIONS

143

#IFGS2017

8K+

IMPRESSIONS

WORKSHOP ATTENDEES

SESSIONS

REPRESENTATIVES

HASHTAG

500

TOTAL SPEAKERS

TWEETS

110 2 STAGES

TRENDING

NO. 1

ON

9 FACEBOOK

LIVE

17

FRINGE

ATTENDEES

4

GREAT HALL

& LIVERY HALL

FRINGE EVENTS

288

INTERVIEWS

500

EXHIBITORS

11

ROUNDTABLE

VENUES ACROSS

LONDON

ATTENDEES

Round up Report

SPONSORS AND PARTNERS Platinum

Deloitte

Lead Media Partner

The Wall Street Journal

Gold

freuds

IBM

Hogan Lovells

Intel

MasterCard

Level39

Silver

Abu Dhabi Global Market

Allen & Overy

Bahrain EDB

Data Robot

Debevoise & Plimpton

Hong Kong FinTech

Hong Kong Trade Development

Hub Culture

Leathwaite

LLoyds Banking Group

Monitise

Prophet

RateSetter

Scottish Development International

Bronze

Bird&Bird

Anthemis and Erevena

Ixaris

Streets Consulting

Community Partners

Xignite

5

Innovate Finance Global Summit 2017

Ixaris

Anthemis and Erevena

Bird&Bird

Xignite

Streets Consulting

Community Partners

500 Startups

Milken Institute

DataSpartan

Rainmaking Innovation

Barclays Rise

Warwick Business School

Programme Partners

Bill and Melinda Gates Foundation

Chatham House

MIT Connection Science

Nesta

Omidyar Network

World Economic Forum

International Hubs

Flanders Investment & Trade

Copenhagen FinTech

Invest Northern Ireland

Leeds City Region Enterprise Partnership

Luxembourg House of Financial Technology

Kickstart Accelerator

Event Partners

Banking Technology

City A.M.

FinTech Weekly

6

Breaking Bank

BrightTalk

Breaking Bank

FinTech ProďŹ le

India FinTech Forum

Onalytica

City Of London

International Business and Diplomatic Exchange

Paris FinTech Forum

Buisness Insider

Politico

TechCrunch

Round up Report

IFGS 2017 EXHIBITORS AND INNOVATE FINANCE MEMBERS

7

Innovate Finance Global Summit 2017

PRESS IN ATTENDANCE Over 90 members of the global press attended the event

8

Round up Report

IFGS 2017 SUMMARY FinTech innovators and leaders from across the world were brought together for the annual Innovate Finance Global Summit on the 10th - 11th April. In the historic setting of the Guildhall in London, the summit convened for two days and explored the opportunities, challenges and future of the FinTech sector, not just in the UK but globally.

Over 2000 delegates attended across the two days, with 40% at a c-suite, board or partner level. Day one played host to keynotes, spotlights, panel sessions and fireside chats in the Great Hall and Livery Hall.

A dedicated Exhibitor Pavilion highlighted over 100 Innovate Finance members and industry organisations, providing unrivalled networking opportunities. Roundtables and workshops by world renowned programme partners took place around the venue addressing themes such as financial regulation, sandboxes and financial inclusion.

We were delighted to welcome Sir Tim Berners-Lee as this year’s headline speaker. He engaged in a fireside chat with Innovate Finance Chairman Alastair Lukies on FinTech, the impact of the World WideWeb on society, innovation and what the future might hold.

Day two was dedicated to the startups and organisations shaping the future of FinTech. The inaugural Pitch360 competition attracted over 1000 delegates on the day and showcased 24 FinTech startups across eight verticals.

Breakout sessions, office hours and fringe events were hosted throughout the day and spread the FinTech conversation across London’s Square Mile.

IFGS 2017 truly was a festival of FinTech, convening global FinTech hubs, startups, regulators, investors, industry organisations, financial institutions, global media outlets and tech giants to the home of FinTech: London.

PLATINUM SPONSOR LEAD MEDIA PARTNER

17 FRINGE EVENTS 27

PARTNERS

26

SPONSORS

2000+

C-SUITE, BOARD AND PARTNER S

40%

2

EVENT DAYS

ATTENDEES 9

Innovate Finance Global Summit 2017

c-suite, Board and Partners

DELEGATION

40%

IFGS 2017 attracted over 2000 delegates from across the world with 40% at c-Suite, board or partner level. While the UK dominated as the main domicile, the event brought together representatives from every major continent.

The United States and the United Arab Emirates followed the UK in delegate numbers.

Delegates by Geography

UK 1630

NORTH AMERICA 90

LATAM 11

EUROPE 130

MIDDLE EAST 21

AFRICA 6 SOUTH AMERICA 7

AUSTRALIA 3

2015

4. 2

IFGS 2016

4.1

IFGS 2017

4.6

2017

REGIS TERED

REGIS TERED

AT TENDED

AT TENDED

AT TENDED

1616

2394

825

1400

2053

VIPS

VIPS

VIPS

150 10

2016

REGIS TERED

1001

Event CSat Score

IFGS 2015

ASIA 55

180

216

Round up Report

SPEAKERS

143

Over 140 speakers joined panel discussions, spotlights and fireside chats to explore the trends shaping FinTech’s future and the challenges and opportunities facing financial services.

TOTAL SPEAKERS

2 STAGES

Headline Speaker

GREAT HALL

Sir Tim Berners-Lee, the Inventor of the World Wide Web, engaged in a fireside chat on FinTech, the impact of the Web on society, innovation and what the future might hold.

“

& LIVERY HALL

You will have an almost survival of the fittest between AI companies of the future. How do you regulate that? How do you make sure they are being fair? How do you describe to a computer what fair means anyway?

Sir Tim Berners-Lee the Inventor of the World Wide Web, at IFGS 2017

Keynotes IFGS 2017 was opened by a host of keynote speakers including James O’Riordan, Senior Partner and UK Financial Services Leader at Deloitte and Nick Ogden, Executive Chairman at ClearBank. We were delighted to have Lord Holmes Richmond MBE deliver the closing keynote.

Welcome Remarks Mark Boleat Chairman, Policy and Resources Comittee City of London Corporation

Opening Keynote James O’Riordan Senior Partner and UK Financial Services Leader Deloitte

Keynote

Closing Keynote

Nick Ogden Executive Chairman ClearBank

Lord Holmes Richmond MBE

To view all IFGS 2017 speakers please go to www.ifgs2017.com/speakers 11

Innovate Finance Global Summit 2017

THE GREAT HALL The impressive Great Hall stage, compèred by broadcaster Katie Derham, played host to six key sessions looking at the macro and micro of FinTech. From the impact of Brexit, Trump and globalisation to the potential of quantum computing, fireside chats and panels were driven by the exciting possibilities of the future and the challenges of the present.

Opening the day, Lawrence Wintermeyer, CEO at Innovate Finance and Mark Boleat, Chairman of Policy and Resources Committee at the City of London Corporation, set the FinTech scene both globally and in the UK. James O’Riordan, Senior Partner and UK Financial Services Leader, at Deloitte and Nick Odgen, Executive Chairman at Clearbank, brought the industry perspective and imparted the importance of commitment, perseverance and collaboration to the future of FinTech.

The release of the interim Global FinTech Hubs report was outlined by Deloitte’s Louise Brett, Head of FinTech, and showcased FinTech’s truly global footprint. Chris Woolard, Director of Strategy and Competition at the FCA, emphasised the importance of international FinTech cooperation through FinTech bridges and announced their commitment to regional FinTech growth in the UK. Highlights included a powerful fireside chat by Sir Tim Berners-Lee and an insightful panel discussion moderated by Ilyas Khan, Founder and CEO at Cambridge Quantum Cimputing, on one of FinTech’s hottest topics: artificial intelligence and machine learning. The day was closed with a look into cyberspace and the challenge of security and legislation with City of London Police Commissioner Ian Dyson and Darktrace EMEA CEO, Poppy Gustafsson.

The Great Hall closing keynote was delivered with resounding impact and poignancy by Lord Holmes, Richmond MBE. To view all Great Hall sessions click here

12

6

53

KEYNOTES

SPEAKERS

11

MODERATORS

3

FIRESIDE CHATS

7 PANELS

2

SPOTLIGHTS

Round up Report

THE LIVERY HALL The Livery Hall featured six sessions addressing the themes driving the global FinTech ecosystem. Opening the day blockchain was dissected in a firechat side between broadcaster compère Andrea Catherwood and Peter Randell, CEO at SETL.io.

With global FinTech attracting $17.3bn in 2016, shining a spotlight on FinTech investment figures Mariano Belinky, Managing Partner at Santander Innoventures, Sheel Mohnot, Partner at 500 startups, Tim Levene, Managing Partner at Augmentum Capital and Chris Adelsbach, Managing Partner at Techstars, tackled the emerging trends.

Inspecting the growing collaboration between technology giants and banks, session three brought together innovators such as Daniel Aranda, Managing Director at Ripple, Dave Birch, Director of Innovation at Consult Hyperion and Celine Lazorthes, Founder and CEO at MangoPay, to discuss the importance and potential impact of open banking.

The final sessions in the Livery Hall highlighted the growth areas in Insurtech and financial wellness as delegates heard from Giovanni Daprà, CEO at Moneyfarm and Phoebe Hugh, Co-Founder at Brolly. Closing the day, Rhydian Lewis, CEO at RateSetter, Viola Llewellyn, Co-Founder and President at Ovamba and a host of other innovators looked at ‘crossing the chasm’ as alternate finance’s mission to become mainstream was explored.

To view all Livery Hall sessions click here

7

6 PANELS

31

SPEAKERS

MODERATORS

2

SPOTLIGHTS

3

FIRESIDE CHATS

13

Innovate Finance Global Summit 2017

EXHIBITOR PAVILION AND INNOVATE FINANCE MEMBERS Exhibitors The Old Library hosted over 100 exhibitors across the two days with Deloitte and IBM constructing their own impressive stands. FinTech startups, high growths, financial institutions and Pitch360 participants manned their own dedicated stalls, creating a fantastic space to network, discuss and collaborate with members, delegates, speakers, partners and event sponsors.

110 EXHIBITORS

Innovate Finance Members Innovate Finance is proud to represent our members and the Global Summit plays an important role in showcasing their innovations to a global audience. We had over 400 member representatives attend the event, with many also exhibiting on day one, contributing to panel sessions in the Great Hall and Livery Hall and participating in the inaugural Pitch360.

400

MEMBER

To view all exhibitors click here

INSTITUTIONS

14

70% START-UPS HIGH GROWTH

AND

30%

REPRESENTATIVES

Round up Report

INTERNATIONAL VILLAGE AND GLOBAL REGULATORS This year the Global Summit brought together a truly international delegation. Innovate Finance hosted 13 emerging and established FinTech hub exhibitors and over 20 hub representatives across six continents. The summit provided a collaborative environment to convene global FinTech stakeholders.

The summit was also joined by regulators from around the world with many featured in sessions on the Great Hall stage and in roundtables and workshops throughout the two days.

Participation by global regulators culminated in a well attended regulatory dinner with the FCA on Wednesday 12th April.

13 GL BAL

EXHIBITOR

HUBS

25

GLOBAL REGULATORS

15

Innovate Finance Global Summit 2017

BREAKOUTS DAY ONE This year Innovate Finance worked closely with our programme partners and sponsors to deliver breakout sessions across the event. Day one saw roundtables and workshops covering themes from global approaches to RegTech to banking the two billion.

Roundtables

5

ROUNDTABLE

SESSIONS

Roundtable sessions on day one addressed some of the ‘big ideas’ in Fintech. Nesta explored the future of open banking, while the World Economic Forum assessed the role of cognition automation in finance. Innovate Finance brought to life the ‘FinTech Big Bang’ and Chatham House and Omidyar Network discussed US economic, financial and digital policy and the challenges faced by global regulators.

160

ROUNDTABLE

ATTENDEES

Workshops Through interactive and discursive sessions, day one workshops explored cross-sector issues. From the construction of successful sandboxes with MIT, the innovation of capital markets with Deloitte to the banking of the two billion globally with the Bill and Melinda Gates Foundation, the day showcased the potential and promise of greater innovation and collaboration.

4

WORKSHOP

SESSIONS

240

WORKSHOP ATTENDEES

16

Round up Report

BREAKOUTS DAY TWO Throughout day two the Global Summit played host to a range of roundtables, workshops, office hours and networking events by our sponsors. Delegates and members were able to participate in breakfast panel discussions, one-to-one office hours and oxford-style debates.

Roundtables A diverse range of themes featured in day two roundtables.

Hogan Lovells continued the regulatory debate while DataRobot ran a session focussed on automated machine learning. The day was closed with Leathwaite and Freuds who approached maximising business growth and mastering effective communication in FinTech.

3

ROUNDTABLE

SESSIONS

128

ROUNDTABLE

ATTENDEES

5

WORKSHOP

SESSIONS

Workshops Day two workshops were a testament to FinTech’s interdisciplinary make-up. Attendees had the chance to discuss design implementation with market leader IBM, interrogate the preparations and best practice needed for IPOs with Allen and Overy and understand the challenges to scaling a business with L39. The day was concluded with a session by Prophet on the ‘secret sauce’ for FinTech success: brand relevance.

260

WORKSHOP ATTENDEES

17

Innovate Finance Global Summit 2017

BREAKOUTS DAY TWO Networking Events Taking place outside of the Guildhall on the morning of day two, three networking events were hosted by our sponsors. Anthemis kicked off the day with a breakfast dedicated to #hackingfinance and Bahrain Economic Development Board brought to life Bahrain as a global Islamic FinTech hub. The morning was concluded with a fascinating session by Lloyds Banking Group, looking at financial wellness from the perspective of FemTech Leaders.

3 EVENTS

NETWORKING

226 ATTENDEES

NETWORKING

EVENTS

Office Hours The global summit also provided select members and delegates the chance to meet our sponsor organisations in one-to-one office hours. Taking place across the venue, these sessions helped foster greater collaboration and offered a way of making new connections.

18

10 HOURS OFFICE

Round up Report

FRINGE EVENTS Involving partners from across the community in the build up and on day two of IFGS 2017 was an important part of connecting the ecosystem and promoting greater collaboration. Our partners hosted some thought provoking and well attended sessions and helped drive the FinTech conversation across the Square Mile.

GLOBAL FINTECH HUBS FEDERATION

11

VENUES

ACROSS

LONDON

17

FRINGE EVENTS

500+

FRINGE EVENT

ATTENDEES

19

Innovate Finance Global Summit 2017

Sponsored by:

The inaugural Pitch360 was a resounding success. With more than 1000 delegates in attendance Innovate Finance showcased 24 of the most exciting startups across a range of verticals. The overall winner of the competition was Guard Square, a cyber security firm based in Belgium.

ARTIFICIAL INTELLIGENCE

CATEGORY WINNER

FINANCIAL INCLUSION

CATEGORY WINNER

BLOCKCHAIN

PERSONAL FINANCE

CATEGORY WINNER

CROSS BORDER PAYMENTS

CATEGORY WINNER

P2P AND ALTERNATIVE FUNDING

Fint

CATEGORY WINNER

CATEGORY WINNER

CYBER SECURITY

REGTECH

CATEGORY WINNER 20

OVERALL WINNER

CATEGORY WINNER

Round up Report

Hosts

Edie Lush Executive Editor Hub Culture

Monty Munford Founder Mob76

Mike Sigal Partner 500 Startups

Judges

Brett King Speaker, Startup Founder, Bestselling Author, Radio Host Breaking Banks

Kosta Peric Deputy Director, Financial Services for the Poor at Bill and Melinda Gates Foundation

Maria Gotsch President and CEO, the Partnership Fund for New York City

1000

24

Rumi Morales Executive Director and Head, CME Ventures at CME Group

Wim De Waele CEO B-Hive Europe

8

CATEGORIES

ATTENDEES

1 WINNER

START-UPS

6

MINUTES TO PITCH

21

Innovate Finance Global Summit 2017

PRESS AND EARNED MEDIA IFGS 2017 received significant media interest from a broad range of international publications and news sources including: BBC World Service, Financial Times, Associated Press, FT Banker, The Economist, Reuters, Wall Street Journal, Financial News, Business Insider UK and City AM.

555m+

AGGREGAT E READERSHI P

70+

PIECES

OF PRESS

COVERAGE

268 MEDIA

MENTIONS TONE OF COVERAGE 2% Negative

90

98% Positive & Neutral

22

PRESS

ATTENDEES

Round up Report

SOCIAL MEDIA ANALYSIS IFGS 2017 left an impressive social media footprint.

The active use of the #IFGS2017 hashtag on both days of the event and the #Pitch360 on day two, resulted in #IFGS2017 trending No. 1 on UK Twitter throughout the event, with #Pitch360 trending No. 2 on day two. When combined, the total number of hashtag impressions reached over 16 million on a global scale.

SHARE OF TOPIC

InsurTech 4%

Digital Identity & Inclusion 4%

11 MILLION

#IFGS2017

HASHTAG IMPRESSIONS

FinTech Hubs 6% FinTech & London 7%

Brexit 21%

8K+

TWEETS Start-ups 8%

Regulation/ Policy 16%

AI & FinTech 14%

NO. 1

ON

Blockchain 9% RegTech 11%

TRENDING

5 MILLION

#PITCH360

HASHTAG

2000 LIKES

& RETWEETS

640 NE W FOLLOWERS

IMPRESSIONS

9 FACEBOOK

LIVE

INTERVIEWS

5000 NEW

FOLLOWERS 23

Innovate Finance Global Summit 2017

MAPPING THE COMMUNITY AT IFGS 2017 See the brands and individuals leading the discussion at IFGS 2017 and the top 10 organisational influencers.

For the full report click here.

Source: Onalytica 2017

24

Round up Report

CONTACT LAWRENCE WINTERMEYER CEO e:

ABDUL HASEEB BASIT CFO

lawrence@innovatefinance.com

e:

abdul@innovatefinance.com

JANINE HIRT

DANIEL MORGAN

Ecosystem Director

Policy & Regulation Director

e:

e:

janine@innovatefinance.com

daniel@innovatefinance.com

MISHA RAO Global Development Director and IFGS 2017 Curator e:

misha@innovatefinance.com

DAVID BEER Head of Partnerships e:

david@innovatefinance.com

HAYLEY BROMILOW Head of Events e:

hayley@innovatefinance.com

GEORGIA HANIAS

DEA MARKOVA

Head of Global Communications and Diversity Programmes

Head of Programmes

e:

georgia@innovatefinance.com

PAUL RIDER Head of Commercial e:

paul@innovatefinance.com

e:

dea@innovatefinance.com

CAROLINE VAUGHAN Head of Network Relations e:

caroline@innovatefinance.com

25

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