Let me introduce the arrival of the first crypto-friendly fintech bank, a rival for traditional banks who hate crypto, ICOs and other crypto-related players. Our story started when many startups, that together successfully raised hundreds of millions in crypto via ICO, came to us with the problem that banks can’t store their fiat money after the exchange from crypto to fiat. We have met with numerous traditional banks – they are not against crypto or ICOs. However, to work with these type of clients they have to re-educate their employees, especially in compliance, and change their technologies- especially for digital KYC/AML processes, and it’s better to split the risk from the current bank license to a new one. We have analyzed the existing crypto-friendly cards and crypto-friendly neobanks and found they are not able to solve this problem. Considering we have already been working with fintech(s) as investors for five years, we have a strong track record, reputation and many experts trust us. We do not want to build a big ‘money laundry’ for the crypto-world – on the contrary, we want to help transparent players become ‘crystal clear’ and identify ‘dirty’ players to protect others from them. We are like an open book – our views and ideas are not hidden. They are described in detail within our articles, keynote-presentations at conferences, and workshops- some of which were for traditional banks and regulators across the world. Arival bank is a digital-only bank for the crypto-community: ICO-backed startups, crypto-exchanges and wallets, etc. It’s products include an online opening of current accounts for businesses, an invoicing platform and a cashflow tracker. We are creating easier, faster and cheaper services for a new class of consumers as they grow up and enter the world. This is certainly a big opportunity within the crypto world. Arival bank wants to deliver faster account activation and a number of other services to speed up business banking. The problem we are solving is that it can take weeks to set up a business account with a traditional bank – and when they find out you are crypto/ICO-related, your current account will be closed. Arival bank does this in minutes by a digital KYC/AML process via laptop or smartphone. Funds are held under a banking license. To all intents and purposes, a customer would simply use Arival just like it would use a normal business banking account (though traditional banks don’t want to work with these type of clients). Our objective is to take the pain out of running the finances at an ICO/crypto startup. Then, you can easily accept wire transfers from crypto-exchanges in USD (and other currencies). While it’s still the very beginning of our bank’s approach, it could quickly become a good option for companies operating in the crypto/ICO area.

Revolut is the leading challenger bank in Europe with close to 2 million users that is disrupting the traditional banking model like no other player in the industry. Pablo will share insights about how to build a “tech” bank from scratch, how to grow a banking product without any marketing investment and how their current user and community centric model to product development and innovation is helping them beat banks at their own game. <i>Revolut es el challenger bank líder en Europa con cerca de 2 millones de clientes que está revolucionando el modelo de la banca tradicional como ningún otro player en la industria. Pablo compartirá ideas sobre como construir un banco “tech” desde cero, como crecer un producto bancario sin inversión en marketing y sobre como su modelo de innovación y desarrollo de producto centrado en el usuario y en la comunidad les está ayudando a ganar a los bancos a su propio juego.</i>

Contra lo que se puede leer en determinados foros, las transacciones en el mundo tech seguirán teniendo repercusión tributaria. Sin duda, deberán producirse ciertos ajustes entre la normativa actual y el mundo tech. La OCDE (a través de su proyecto BEPS), la Unión Europea o la propia legislación y administración españolas están analizando el impacto de fintech en la economía y se están analizando y aprobando determinadas medidas de relevancia incuestionable. Analizaremos en esta sesión, de forma somera, novedades relativas a la generación o al uso de cryptomonedas, a agresivas estructuras internacionales de localización de beneficios o a riesgos tradicionales vinculados a los nuevos modelos de negocios digitales.

Correos Express is the first company in develop  specific services to obtain digital signature and customer identification. Our goal is to help FINTECH comply with anti-money laundering and consumer protection regulations. These solutions reduce deadlines,  lower their costs and make easier the procedure to every party concerned. <i>Correos Express es la primera compañía que ha desarrollado servicios de firma digital avanzada e identificación fehaciente de clientes, para ayudar a las FINTECH a cumplir con las normativas de prevención de blanqueo de capitales y de defensa de los consumidores. Estas soluciones permiten reducir los plazos, abaratar  costes y facilitar el proceso a todas las partes implicadas.</i>