Profile

Location

Brussels

Member since

2017

Reads

Writes about

Security Payments Regulation & Compliance Wealth management Retail banking Sustainable Cloud DevOps Start ups Financial inclusion Markets Predictions

Joris's blog archive

2021 (3) 2020 (35) 2019 (14) 2017 (1)

Joris Lochy

Product Manager @ Monizze | Co-founder @ Capilever at Monizze | Capilever

Message Posts: 58 Comments: 6

Bio Monizze is a young and dynamic Fintech in the payments space, more specifically it provides gift, eco and meal voucher one one card. I am responsible for: - Support the definition of the functional product roadmap - Support to the marketing and sales team - Business analysis for implementations of solutions - Working out new ideas and concepts Career History Active in the financial services industry, since 2003: - 8 years at Accenture - 3 years at CSC - 3 years at Deutsche Bank - 3.5 years at The Glue

Blogs

Banking Strategy, Digital and Transformation

Calculation engines in Financial Services - A key differentiator in the business strategy

22 Feb 2021

All business processes in the banking industry contain quite some specific business logic. Rather than coding this aggregated in one business application, it is wise to setup separate components for this logic. These components we will refer to as financial engines in this blog. Usually these engines can be quite easily isolated, as they receive a...

Innovation in Financial Services

Gamification - A good idea for a serious topic like financial services?

17 Feb 2021

In today’s world, companies need to fight hard for consumer’s time and attention. For financial service companies this is no different. As financial services are often perceived as boring and complex, many banks and insurers have difficulties to engage with their customers (especially now that contacts have become more and more digital). Obviously...

Trends in Financial Services

Universal trends - Common over all industries?

27 Jan 2021

The last few years I have done quite some market studies for potential new business ideas, mainly in the Fintech, banking and insurance industry, but also in the IT, FoodTech, horeca and mobility sector. Such an exercise typically starts with identifying the trends in the market, i.e. how the market is evolving, as this is key to ensure your busine...

Payments strategies 2015-2020-2030

Can the digitalization of money provide more innovative monetary tools to governments?

18 Jan 2021

Due to the Covid crisis, we have arrived in a major global recession. Not only were there the enormous impacts on the economy of the (semi) lock-downs, but consumption dropped also enormously as consumers are worried of getting infected while shopping, don’t like the shopping experience due to the different sanitary measures or they prefer to incr...

See all Joris's blogs

Joris is Commenting on

Why neobanks have refocused from skyrocketing growth to reaching profitability

Excellent article. Many of the neo-banks will start to find themselves in a Catch-22 situation, when trying to switch to profitability, as they will start to look more and more like the incumbent banks they initially wanted to disrupt. The best remedy in my opinion, will be for neo-banks to focus more on a specific niche, in which they can excel. Check out my blog on this at: https://www.finextra.com/blogposting/19706/neobanks-should-find-their-niche-to-improve-their-profitability

18 Jan 2021 Reply Read article

What Augmented Reality and Virtual Reality brings for Business ?

Very interesting article. Indeed AR/VR can give some interesting opportunities, but today it's still mainly used as a gadget or marketing stunt. Am curious when it will become a day-to-day tools in the financial services industry, which really brings added value to bank/insurer employees and customers. In May of last year, I published a similar blog, describing the possibilities of AR/VR in the Financial Services industry, i.e. https://www.linkedin.com/pulse/can-augmented-reality-make-daily-banking-more-pleasant-joris-lochy

30 Sep 2020 Reply Read article

Fintech is dead, long live Fintech

Dear Ketharaman, Thanks a lot for your detailed and interesting comment. Fully agree with your statements, that the issue is that many Fintechs, being heavily backed by agressive VC funding, needed to say that they would disrupt (even kill) the existing financial services industry. This didn't happen and will not happen, in my opinion. Before Fintech, the line between banks and financial service software vendors was very clear. One was of supplier of the other. With many Fintechs first trying to go after the bank customers directly, but not succeeding, they piloted to a mixed solution of partnerships with existing banks, where they still partially manage the customer relationship. These kind of constructions has made the line blurry. Furthermore the evolution of Open Banking and "Banking as a Service" has resulted in also a move-away from the traditional customer-supplier relationship. Many of the traditional Fincumbents (which have indeed been around for 20-30 years) are also experimenting with new business models, like SaaS, BaaS, marketplaces, obtaining their own banking license... In the end it is in everyone's interest (especially the customer of banks) that there is cooperation, allowing to combine the innovative technology of Fintechs, with the banking expertise and customer base of the existing banks.

01 Aug 2020 Reply Read article

Customer acquisition cost: probably the most valuable metric for Fintechs

Thanks for your feedback. Indeed I agree there are very few examples of the "Winner Takes it All" principle, because competition immediately rises and regulators tend to intervene. Nonetheless there are some examples where principle seems to apply (at least for a number of years). Netflix seemed to have a monopoly on streaming for years, but is now being strongly attacked by Amazon (Prime), Disney (Disney+), HBO (HBO Now)... Same with Facebook, which has had quite some competition of Snapchat and TikTok. But some examples are still there, like the Search Engine of Google or the marketplace of Amazon. Clearly the strategy of many large venture capitalist firms (like SoftBank) is still to pursue this "Winner Takes it All" principle. Obvious examples are Uber in the ride sharing app space, Uber Eats, Deliveroo or Doordash in the food delivery space, Bird or Lime in the shared mobility space or WeWork in the office rental space. Recent evolutions have however showed that this is probably not the most successful strategy to follow in the long-term.

09 Jun 2020 Reply Read article