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The 2015 Fintech Finance 35: Fabian Vandenreydt, SWIFT

No. 26

Fabian Vandenreydt
Head, Innotribe

SWIFT, the Belgium-based operator of the messaging network that facilitates most of the world’s cross-border interbank transactions, set out to promote technological innovation in-house and among its thousands of members by launching the Innotribe program in 2009. Back then “fintech didn’t really exist,” recalls Fabian Vandenreydt, who has headed Innotribe since 2013, when its founder, Kosta Peric, left to join the Bill & Melinda Gates Foundation (see Rodger Voorhies, No. 20). Today few organizations bring more attention to fintech than Innotribe does; certainly, none has the 200-country reach of the 42-year-old SWIFT cooperative or runs a competition on the scale of the Innotribe Startup Challenge. This year that program attracted more than 370 applications, held demo days on four continents and in October awarded its $50,000 top prize to Hyperledger, a venture acquired in June by New York–based blockchain technology company Digital Asset Holdings. “I don’t believe that new ideas will wipe out everything in one day,” says Vandenreydt, 50. “The new and the old need to coexist.” Integrating the two “is where we can make a difference.” Vandenreydt, who worked at posttrade infrastructure Euroclear and consulting firm Capco before joining SWIFT in 2004, wears two other hats: He’s head of both SWIFT’s markets management and the three-year-old SWIFT Institute, which has sponsored academic research on such topics as mobile money, cybercrime costs and women in finance. “At one point we’ll reach a peak in the number of fintech start-ups,” Vandenreydt says. “You don’t need to have 150 start-ups in distributed ledger technology.” He expects fintech entrepreneurs to flourish in areas that contribute to better data analysis and operational efficiency, including pattern recognition, identity management and digitization of the securities value chain.

The 2015 Fintech Finance 35

1. James Robinson III
& James Robinson IV
RRE Ventures
2. Jane Gladstone
Evercore Partners
3. Matthew Harris
Bain Capital Ventures
4. Steven McLaughlin
Financial Technology Partners
5. Jonathan Korngold
General Atlantic
6. Richard Garman &
Brad Bernstein
FTV Capital
7. Amy Nauiokas & Sean Park
Anthemis Group
8. Thomas Jessop
Goldman Sachs Group
9. Meyer (Micky) Malka
Ribbit Capital
10. Hans Morris
Nyca Partners
11. Maria Gotsch
Partnership Fund for New York City
12. Marc Andreessen
Andreessen Horowitz
13. Barry Silbert
Digital Currency Group
14. Jay Reinemann
Banco Bilbao Vizcaya Argentaria
15. Mariano Belinky
Santander InnoVentures
16. François Robinet
AXA Strategic Ventures
17. Vanessa Colella
Citi Ventures
18. Alan Freudenstein & Gregory Grimaldi
Credit Suisse
19. Justin Brownhill & Neil DeSena
SenaHill Partners
20. Rodger Voorhies
Bill & Melinda Gates Foundation
21. Michael Schlein
Accion International
22. Kenneth Marlin
Marlin & Associates
23. Rumi Morales
CME Ventures
24. Mark Beeston
Illuminate Financial Management
25. Vladislav Solodkiy
26. Fabian Vandenreydt
Innotribe SWIFT
27. Derek White
28. Alex Batlin
29. Jeffrey Greenberg
& Vincenzo
La Ruffa
Aquiline Capital Partners
30. P. Howard Edelstein
REDI Holdings
31. Nektarios Liolios
Startupbootcamp FinTech
32. Roy Bahat
Bloomberg Beta
33. Andrew McCormack
Valar Ventures
34. Lawrence Wintermeyer
Innovate Finance
35. Janos Barberis
FinTech Hong Kong

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