5) Jüri Pruulmann Mifundo Presentation.pptx

5) Jüri Pruulmann Mifundo Presentation.pptx

1. Will FiDA enhance financial mobility in Europe? Shaping the Future of Open Finance in Europe Jüri Pruulmann, CTO@ Mifundo

2. Mifundo’s Mission: Solving Europe’s Credit Problem

3. VS US Credit System EU Credit System

4. Keiu’s Story– The Challenge of Fragmented Credit Data Lived in Spain 15 years Mortgage denied upon return Her credit history was invisible

5. The Bigger Problem – A Systemic Issue 45 million Europeans affected Freedom to move is more than just travel Need for long-term financial services 27 countries, 50 bureaus

6. Importance of Comprehensive Credit Data Banks need full credit info Open banking has limitations Users may hide accounts Statements lack unpaid debts

7. Consumer Control with Mifundo and FiDA Collect data with permission Include positive and negative data Consumers can’t withhold negatives Balance control and responsibility

8. Standardizing Data to Overcome Fragmentation Lack of standardized credit data Mifundo Standardizes it Analyzes it Calculates pan-EU credit score Customers can share with 1 click Banks can query over API

9. FiDA’s Role in Data Standardization Create cross-sector data standards Create trust including cross-border Reduce costs for banks Reduce complexities in credit assessment

10. Mifundo’s Impact on Credit Risk for Banks Seamless UX Raising business volume by 15% Reducing credit risk of foreign customers up to 7x

11. FiDA Supporting Risk Reduction Data access across borders Lowering risks in cross-border lending Increasing financial inclusion and stability

12. Data-Driven Innovation by Mifundo Finalist Top 4 Selected by Mastercard and top tier banks, spring´23 Selected and funded by EIC Accelerator Winner Not an easy ride Awarded €10 million EU funding First fintech to receive this EU has wealth, but it’s less efficient

13. Building Consumer Trust – FiDA’s Protections Consumer trust is vital FiDA ensures data protection We educate for better loans Guiding financial responsibility

14. FiDA and Open Finance – The Future with Mifundo Mifundo pioneers open finance Access to cross-border data Inclusive, connected financial system Financial history follows you

15. FiDA’s Framework Enabling Open Finance FiDA provides regulatory framework Promotes data-driven innovation

16. Reduce credit risk Integrate cross-border data Empower consumers with control over their financial information Mifundo uniquely connects and standardizes European credit bureaus With Mifundo credit history finally gets a passport!

17. Freedom to move, freedom to be trusted! mifundo.com