1 I

Soci80

Introduction to Fintech Innovation

Bankbrige

2

Focused and dedicated management team Balanced relevant experienced with a young and dynamic organization

3 I

INTRODUCTION TO FINTECH INNOVATION

Global organization and international employees

CEO & Co-founder: Christoffer Andvig Mr. Andvig has 18 years of experience as Growth Hacker, Serial Entrepreneur, Payment Specialist and CFO. He was part of the introduction of Klarna to the Norwegian market, as well as establishing the e-commerce payment platform for Collector Bank, building it from zero to a yearly turnover of 100 mill NOK in under 2 years. Mr. Andvig holds a Master in Finance, Innovation and Strategic Management from BI, Oslo.

CCO & Co-founder: Per Rødland Mr. Rødland has many years of experience from the finance industry within leading investment banks and financial consulting firms. He has extensive entrepreneurial experience. Mr. Rødland holds a MBA – Finance from CLU School of Management, California.

COO & Co-founder: Olav Telset Mr. Telset has many years of experience in Financial Risk Management, Credit Risk and Risk Underwriting, Financial Analysis, Business Development and years of experience as an entrepreneur, consultant for start-ups and corporate banking in the US. Mr. Telset holds a MBA - Finance from CLU School of Management, California.

CTO: Kenneth Wagenius Mr. Wagenius previous been with Aller Media, Qbrick, and has extensive experience from both start-ups and large companies in positions like CTO, COO Project Manager and Development. Mr. Wagenius holds an BSc in Electronic Engineering.

Highly experienced Advisory Board of Directors Competent advisors with global footprint

INTRODUCTION TO FINTECH INNOVATION

Frank Moxon Mr. Moxon has over 25 years’ experience as an adviser on financial, strategic, investor relations and corporate governance issues to companies, ranging in size from micro-cap to over £3 billion by market capitalization, in a wide variety of industrial and commercial sectors. In addition, Mr. Moxon have been a director of early stage and developing companies quoted in London, Australia and Canada up to £1.2 billion by market capitalization as well as a number of UK charities up to £30 million in size by annual turnover. Mr. Moxon is a published author and have lectured on corporate finance and related matters in the UK, Europe, Africa, South-East Asia and North America.

Thor Henning Hetland Mr. Hetland, the founder of Cantara and Senior Consultant at Capra Consulting. He has more than 15 years’ experience from insurance, banking and other large scale IT system developments. Recognized as one of Norway´s best system architects. Mr. Hetland holds an MSc from Norwegian University of Science and Technology (NTNU), Trondheim.

Danielle Neben Danielle Neben has a 23-year international career in financial services. Currently she swerves as Member of the Board of Directors at Landsbankinn on Iceland. Before joining Landsbankinn, Danielle worked at HSBC from 1993 to 2013, including 16 years in their International Management programme in four continents. Some key roles were Member of the Management Board at HSBC Trinkaus & Burkhardt (Intl.) SA in Luxembourg as Chief Operating Officer and Investor Relations Officer in London during the financial crisis up to the £12 billion rights issue.

Susanne Hannestad & Fintech Mundi Mrs. Hannestad has a long experience from executive banking positions and global fintech experiences such as CEO for Fintech Mundi and Executive Chairman at Zwipe. Fintech Mundi helps high potential financial technology companies to develop their ideas, commercialize their products and grow their businesses internationally

Rumi Contractor Mr. Contractor has a long experience, twenty + years within banking and technology. He has been CIO at HSBC in NY, Brazil and UK) and have had several CEO positions around the world at HSBC (e.g. Global Resourcing Ltd, Global Technology) and also been COO at Barclay’s Bank in the UK. Today Mr. Contractor is the President & CEO of Quinnox in the US.

“The world’s first Blockchain bank platform”

Fintech Innovation is introducing

6 I

Soci80

Bankbridge

Introduction to Fintech Innovation

The revised payment directive in Europe – PSD2

7 I

BUSINESS CHALLENGE

HOW TO COMPLY WITH THE NEW DIRECTIVE?

• PSD2 Implementation in EU

• EU/EEC has > 6,000 credit/financial institutions which must be compliant with PSD2

• None have the same vision for how to do it and no common ground apart from the directive requirements

What The Risks

• Risk of extremely fractured APIs

• High demand on IT-resources results in extreme cost

• Legacy systems also need revision to comply with PSD2 demands

• A strong demand for better partnerships between financial institutions

Bankbridge – an API HUB

8 I

MARKET OPPORTUNITIES

A new customer centric banking ecosystem for inclusive and collaborative sharing of data

• An API Bridge with integrated ”App store” for added services

• One single integration point – one stop shop for the banks’ necessary IT integrations

• Banks will only have to make one integration and then select what services they want to expose to who

Fig. 1. Bankbridge Concept model

9 I

Bankbridge™

Soci80

Introduction to Fintech Innovation

Providing fair banking with first bank platform on blockchain

10

Highlights

• SOCI80 is first bank platform on blockchain

• Provide global payment under 10 second and open bank account in minutes with free mobile banking

• SOCI80 is working closely with Ripple on bank platform in addition to Idscan, FCG Group and Itera

• Discussions with Santander, MasterCard, RB, Landisbanki

• Rise of an open API economy is a game changer for the financial industry worldwide trend fueled by PSD2 regulation

SOCI80 has a unique position already with existing partnerships and technology paving the way for success

Unique bank platform with blockchain, artificial intelligence

and biometrics

Partnership with industry-leading players

Customer centric solutions and scalable globally

2 I

12 I

Product technology

Introduction to SOCI80

Market opportunities

Financials

Summary

SOCI80 has through innovation and partnerships positioned the company as a leading player in the banking market

13 I

INTRODUCTION TO SOCI80

SOCI80 has trough innovation and strong partnerships developed the first banking platform on blockchain

2016 1H

Fintech Innovation is founded as technology provider to SOCI80

Grants from Innovation Norway

Defining Proof of Concept

Partner with Ripple

2017 2H

Pre-banking license with partner KPMG and FCG Group

Commercial launch of SOCI80

Third Private placement

Provide open API hub

2017 1H

SOCI80 is founded

Preparing e-money license in Malta and Norway

Second Private placement

Prototype ready for pilot

Board of Directors recruited

2018

Pan-European bank starting with 12 countries • Malta • Finland • Germany • Iceland • UK

• SwedenMaltaFinland • Germany • Iceland • UK • Sweden

2016 2H

First private placement

Started to hire development team

Advisory Board recruited

• Denmark • Norway • Poland • Spain • Estonia • Lithuania

First banking platform with Blockchain

14 I

INTRODUCTION TO SOCI80

Levering patented core and latest regulation

• Very scalable, secure, low cost and preferred by the financial industry

• Predict customers future need of finance

• Credit risk assessment and fraud detection

• X Patents filed

Patented1) Blockchain bank platform and be the first bank in the world based

purely on Blockchain

Patented 1) Artificial intelligence using vast

amounts of data available through PSD2 regulation

(open banking API’s)

The first banking platform with Blockchain

+ = Patented1) Biometric verification providing

onboarding. Facial recognition, fingerprint,

voice recognition +

What makes SOCI80 unique?

15 I

INTRODUCTION TO SOCI80

SOCI80 has developed a bank platform with easy on-boarding, easy login and easy transfer with free banking

Traditional banking

Timeframe: 2 - 4 days

cost: avg. 7 - 8%

Sender

Sender Bank in the UK

Bank of England

International clearinghouse / exchange

Bank of Spain (Banco de España)

Receiver Bank in Spain

Receiver

Sender (UK)

Receiver (ES)

SOCI80 Bank

Timeframe: seconds cost: 0%

Figure: Simplified for illustration purpose only

• Opening a bank account is free

• No transaction cost

• No fee for international transfers

• No foreign exchange cost

• Free basic banking to anyone in the world!

A wide market opportunity for SOCI80 bank platform

16 I

INTRODUCTION TO SOCI80

SOCI80 provides customer centric approach utilizing Blockchain, Artificial Intelligence and Biometrics

SOCI80 Bank

Simon – 32 years old Living in Prague Working for a UK newspaper

Natalie - 26 years old From Spain Is 2 month pregnant

Peter - 20 years old From Germany Wants to buy his first car

Sofia – 40 years old Business owner in

Finland Needs a small loan

Thea – 25 years old Moved to Norway

Is thinking about buying her first Apartment

Haru – 22 years old Studies in England

Travels a lot between Japan and England

Soci80 Bank takes into consideration who you are and gives you the tools to be you

Available in local and key languages

17 I

Product technology

Introduction to SOCI80

Market opportunities

Financials

Summary

The future is digital, mobile, customer centric and anticipatory

18 I

MARKET OPPORTUNITIES

Traditional banking is local, slow and expensive, SOCI80 is the natural next step as its technology is customer centric, mobile and self-serving

According to • MIT (Digital Banking Manifest: The End of Banks?)

• McKinsey (Report: Global Payments Report 2016)

• Capgemini (Report: World Retail Banking Report 2016 and Capgemini’s PSD2 Open Banking Solution)

• Accenture (Report: Seizing the opportunities Unlocked by the EU’s Revised Payment Services Directive).

• EMFA (Report: Digital transformation - The challenges and opportunities facing banks)

• BCG (Report: Global Payments 2016) Those who will win the race are agile and will use of big data / customer data in a new way, where the customer gets the best and most tailored service based on his or her needs.

New regulatory opportunity: Payment Service Directive 2

19 I

MARKET OPPORTUNITIES

PDS2 will contribute to a more integrated and efficient European payments market and SOCI80 is well position

Main Objectives PSD2 • Payment methods in the EU will be standardized by January 2018,

including mobile (+ ISO 20022) • Banks must provide account access through open APIs (with

customer permission) • Opportunity to launch a Digital Bank and leverage access to any Bank

(by connecting the APIs of external banks / financial institutions you gather everything in one app)

• Contribute to a more integrated and efficient European payments market

• Improve the level playing field for payment service providers (including new players)

• Make payments safer and more secure • Protect consumers • Encourage lower prices for payments

Delivering Digital Bank platform allows SOCI80 to enter several high growth mass markets

20 I

MARKET OPPORTUNITIES

Blockchain, Biometrics and Artificial Intelligence allow low cost and quick roll-out, long-term large market shares, robust positioning

Unbanked & Remittance Small/Medium Enterprises Global Citizens

People working abroad (migrant workers and

expatriates) a USD 300 billion market

International students – 4.1 million students globally

• People working abroad (migrant workers and expatriates) a USD 300 billion market

• International students – 4.1

million students globally

• The real underbanked • SME in Europe accounts for

99.8 % of all companies and 57 % of all revenue

• Unbanked in the world 2.3 billion people

• The global remittance market is USD 600 billion

• The average cost today is 7.4 %

SOCI80 well positioned in the competitive landscape

21 I

MARKET OPPORTUNITIES

Blockchain, Biometrics and Artificial Intelligence allow low cost and quick roll-out, long-term large market shares, robust positioning

Players Soci80™ Bank DNB Revolut (e-money) Starling Bank

Norwegian Monzo Bank

N26 Bank

Atom Bank

Fidor Bank

Blockchain Yes No No No No No No No Partly

AI Yes No No No No Yes No Yes ?

Real-time FX Yes No Partly No No No No No No

Free international transfers Yes No No No No No Transfer Wise No No

Biometric security Yes No No Touch ID login No ? No Yes No

P2P Yes No Yes Yes No ? No ? No

Mobile first Yes No Yes No No Yes Yes Yes Yes

PSD2 API Yes 01.01.18 - 01.01.18 01.01.18 Yes Yes Yes Yes

Fintech integration solution Yes Partly (Vipps) No No No Yes Yes Yes Yes

Near instant registration of new clients Yes No Yes No No N/A They claim

8 min N/A No

Integration ERP Yes No No No No No No No No

SME focus Yes No No No No No No No No

Launched No Yes Yes Yes Yes No Yes No Yes

22 I

Product technology

Introduction to SOCI80

Market opportunities

Financials

Summary

SOCI80 will be one of the first banks based purely on Blockchain

23 I

PRODUCT TECHNOLOGY

Blockchain, Biometrics and Artificial Intelligence allow low cost and quick roll-out, long-term large market shares, robust positioning

External use: • Ripple for financial transactions • Closed Distributed Ledger • Preferred by the financial industry • Very scalable (Bitcoin or Ethereum is not fit for

scalability) • High security • Avoiding mining cost - low cost • Tested and proven

Internal use: • Internal Ledger to provide safety and

efficiency for internal transactions

Biometric Verification and Artificial Intelligence

24 I

PRODUCT TECHNOLOGY

Blockchain, Biometrics and Artificial Intelligence allow low cost and quick roll-out, long-term large market shares, robust positioning

• Biometric verification – facial recognition, fingerprint login, voice recognition

• Onboarding made easy from your mobile device

• Ability to provide two-factor authentication (existing structure based on code generators will meet challenges)

• Increase security by removing human errors

• Decrease barriers to entry

• Increase ease of use for the customer

• Using the enormous amounts of data that is generated from the transactions in all connected bank / finance products (available through PSD2)

• Predict your future need of finance

• Fraud detection

• Customer centric approach, giving you tips and ideas based on your exact financial situation and spending's

• Credit risk assessment (not just based on third party credit risk who often base their scoring on old data, but doing it with real time and updated data)

Artificial Intelligence Biometirc Verification

Helping manage finances through Artificial Intelligence

25 I

PRODUCT TECHNOLOGY

Blockchain, Biometrics and Artificial Intelligence allow low cost and quick roll-out, long-term large market shares, robust positioning

Inco

me

100%

Car

-10%

Ren

t -35

%

Food

-20%

Saf

e to

spe

nd 3

5%

Inco

me

100%

Car

-10%

Ren

t -35

%

Food

-20%

Ove

rdra

wn

-10%

Ikea

-15%

Zala

ndo

-15%

H&

M -1

5%

Mic

ro lo

an +

20%

Sara, 24 years old from Sweden

Jessy, 21 years old from Germany

Helping manage finances through Artificial Intelligence

26 I

PRODUCT TECHNOLOGY

Blockchain, Biometrics and Artificial Intelligence allow low cost and quick roll-out, long-term large market shares, robust positioning

Sara, 24 years old from Sweden

Jessy, 21 years old from Germany

"Your economy seems healthy – would you like to set up a savings program? • Monthly saving from your salary

payment • Round up your purchases and

transfer to a savings account • Save SEK 10 per purchase of a cup

of coffee

"You seem to be a bit behind this month.” We suggest: • Maybe postpone any large purchases in the

near future • We can offer you a payday loan • Would you like to have any tips for reducing

monthly spending?

Agile development anywhere

27 I

PRODUCT TECHNOLOGY

Blockchain, Biometrics and Artificial Intelligence allow low cost and quick roll-out, long-term large market shares, robust positioning

Transfers Credits

Client Service

TRADITIONAL

Monolith

Billing

Database

Support

Cloud Computing

Power & Reach

Offer quality everywhere

US Asia

Africa

Europe

28 I

Product technology

Introduction to SOCI80

Market opportunities

Business model

Summary

Business model and earning opportunities for Soci80 Bank

29 I

FINANCIALS

Blockchain, Biometrics and Artificial Intelligence allow low cost and quick roll-out, long-term large market shares, robust positioning

Interchange on all card transactions (Visa / MC): • Fees for card usage

Customer centric solutions based on Artificial Inteligence: • Credit and savings products based on client interests, i.e new car (saving and

financing), shoes with group discount, travel insurance when having paid for travel, etc

Third party product distribution: • Wealth management • P2P lending • Insurance

Thank you!

“The world’s first Blockchain bank platform”