List of Figures
Figure 1: Ethereum uses a distributed shared network 8
Figure 2: Average number of daily bitcoin transactions 2009-2017 9
Figure 3: Types of Block Chain networks 11
Figure 4: IBM Block Chain features compared with Ethereum and Bitcoin 12
Figure 5: M-Pesa revenues 2012-2016 (KESbn) 15
Figure 6: M-Pesa outlet in Nairobi, Kenya 16
Figure 7: Number of credit cards in China, 2006-2014 (million) 17
Figure 8: Value of payment transactions per card, Germany 2011-2016 ($) 19
Figure 9: Value of banking market in Asia-Pacific ($tn) 2009-2016 20
Figure 10: Number of ?card not present’ fraud in United Kingdom 2011-2016 22
Figure 11: Global willingness to use a digital only bank, 2016 23
Figure 12: Timeline of Regtech developments March 2015 to March 2016 24
Figure 13: Lemonade policies taken by age group September 212016 to January 18 2017 26
Figure 14: Value of global non-life insurance 2010-2016 ($tn) 29
Figure 15: Use of micro insurance by country in East Africa 2014 (% of population) 30
Figure 16: Robo-advisors are replacing the traditional advisor role 32
Figure 17: Top global Robo-advisor firms 33
Figure 18: Geographic distribution of robo-advisors and number in 2017 34
Figure 19: Mature investors preferred method of advisor versus that of millennials 36


List of Tables
Table 1: POS transactions per card at terminals provided by resident PSPs 2011-2016 14
Table 2: Main reasons and business benefits of using big data in OECD countries, 2015 27
Table 3: Types of investor reaction to robo investing 35