Ducit.ai - Pitch Deck

Pitch deck for Ducit.ai, a member of the 2020 FinTech Innovation Lab cohort.

Our Mission © Ducit.ai - Priv© Ducit.ai - Private & Conﬁdentialate & Conﬁdential 2

The Problem - Lack of Insights Open Banking data has the potential to address fundamental challenges... 13m people struggling ﬁnancially* Banking fraud is getting out Digital payments are not and 6m people excluded from of control cost-effective mainstream ﬁnance** ...but the lack of intelligent insights is holding the industry back Lack of meaningful Credit risk and fraud detection Consumers are missing out on categorisation makes data systems are outdated and intelligent product irrelevant inaccurate recommendations © Ducit.ai - Private & Conﬁdential *Nationwide 2018 - Open Banking for Good 3 **Financial Times/Experian 2018 - 5.8m Britons excluded from mainstream ﬁnance

Solution - Open Banking Value Pyramid Better Decisions Through Open Banking Intelligence Proprietary AI Products Feedback Loop Big Data Platform ertical Integration API/Consent Management Ecosystem AISP/PISP Platform V Open Banking Transactional Data © Ducit.ai - Private & Conﬁdential 4

Horizons of Growth - 2019 to 2023 B2B B2C Horizon 3 ● Financial Consumer Hub Horizon 2 (PISP) Growth ● Fraud Detection API ● Payment (PISP) API Horizon 1 (AISP) ● Open Banking API ● Transaction Categorisation API ● Affordability Score API 2019 2023 © Ducit.ai - Private & Conﬁdential 5

Disrupting £4.4bn a year across three industries Utilise Open Banking/PSD2 to disrupt the credit risk assessment (£500m/year)1, transactional online banking and card fraud (£670m/year)2, online card payment network (£2.2bn/year)3, and price comparison websites (£1bn/year)4 industries Sources: 1. Experian, Equifax and CallCredit annual reports 2017 2. Financial Fraud Action UK, Fraud the facts 2017 3. UK Finance, Quarterly Market Trends Q3 2017 and Ducit,ai proprietary data © Ducit.ai - Private & Conﬁdential 4. Estimate based on Moneysupermarket and Confused.com 2018 revenues 6

Disruption - Phased Evolution Growth Investment: £1.2m Phase III H2’20 Scaling Platform Commercialisation and Growth AISP Investment: £400k Phase II H2’19 Market Fit Product Development: 1. Income & Expenditure Assessment Engine Core 2. Affordability Score Platform Development Phase I Investment - bootstrapping Foundational Completed Dec’18 © Ducit.ai - Private & Conﬁdential 7

High Level Platform Design Open Banking API Hub Consent Management Platform Open Banking API Open Banking API AI/ML Pr AI/ML Pr oducts API oducts API Fintechs (AISP) ASPSP’s Distributed Streaming Platform (Banks) 1. Income & Expenditure 1. Income & Expenditure Retailers (PISP) Assessment Assessment 2. Affordability Score 2. Affordability Score 3. Anomaly & Fraud 3. Anomaly & Fraud Big Data AI/ML AI/ML Detection Detection 4. Payments (PISP) 4. Payments (PISP) Platform Platform Deployment Ducit.ai Open Banking AI/ML Platform Ducit.ai Consumer App © Ducit.ai - Private & Conﬁdential 8

Technical Architecture © Ducit.ai - Private & Conﬁdential 9

Business Model AISP - transaction based 1 SaaS transactional pricing model with a sliding scale to incentivise volume utilisation PISP - one simple fee 2 Flat billing percentage fee - simple, transparent and cost effective Ducit.ai Consumer Hub 3 Commission based on recommended products © Ducit.ai - Private & Conﬁdential 10

Competition AISP and PISP AISP PISP Cost effectiveness orm Readiness Online Payments Market Penetration AI/ML Platf 6 12 18 24 30 36 + months Time in market © Ducit.ai - Private & Conﬁdential 12

Competition Price Comparison Websites Open Banking Intelligence Technical ability to execute © Ducit.ai - Private & Conﬁdential 13

Progress to Date and Key Milestones Consumer Accenture App FIL prog. Successful Launch Scaling Phase live testing Nationwide Open Banking £400k Transactional seed Data investment Optimisation FCA Nationwide Open OB4G win Banking license granted Cloud architecture ML et Readiness live prototypes ﬁnalised Mark Cloud funding secured Natwest Fintech Accelerator Ducit.ai launches - Development & Market Fit Phases bootstrapped to Oct’19 Oct’18 Mar’19 Jun’19 Oct’19 Jan’20 Feb’20 Dec’18 © Ducit.ai - Private & Conﬁdential 14

The Team - 10 Years of Successful Partnership Rafael Garcia-Navarro: CEO and Chief Chas Coppard: Chief Technology Ofﬁcer Owen Ball: Chief Information Ofﬁcer has Data Scientist with 2 decades of is an entrepreneurial software architect over 10 years of experience across the experience across the ﬁnancial services, with over 20 years of commercial digital marketing and credit reference banking, credit reference agencies, experience across a diverse range of high agency industries. Owen has held senior digital and data and analytics industries. growth technology companies analytics roles at Ogilvy and Experian and He holds a degree in Business Studies, a encompassing a huge range of has led a broad range of initiatives Masters of Science in Information technologies. He is co-founder of a including cloud technology Technology for eCommerce and a number of startups, the last of which was transformation, data and analytics Masters of Science in Business acquired by Experian in 2011. He holds a architecture design and implementation Intelligence. He has held technical and Masters of Electrical and Electronics and big data analytics product business leadership positions across Engineering. development. He holds a degree in American Express, Barclays Bank, Marketing and Advertising. Ogilvy, and Experian. © Ducit.ai - Private & Conﬁdential 15