figo at api days 2016 in paris

PICTURE BY KUSTER & WILDHABER PHOTOGRAPHY, FLICKR

APIDays Paris December 16th, 2016

REAL LIFE EXAMPLES ON HOW TO THRIVE THROUGH BANKING APIS

A FinTech history lesson

First wave: FinTech startups attack (2008-2014)

It was never cheaper to start a startup. And

regulation provided new opportunities!

Second wave: Banks fight back (2014-2015)

“Let’s be innovative and … do a hackathon!”

Third wave: Partnerships of banks & startups (2016ff)

Banking with “non-banks” will become the new normal

The result

What is figo providing?

figo opens financial silos

From more than 3.200 financial sources in Germany & Austria

Future: all SEPA countries

figo enables unified access to all financial sources Through figo all financial sources looks the same

financial sources

> 3.200 Banks

Credit Cards

Assets/ Broker A

PI

Auto Sync

Categori-zation

Payment

Aggrega-tion

Notifi-cations

HBC

IAP

ISW

EB S

CR

APIN

G

Multibanking in web & app

Risk management

Scoring

User verification

Account switching

Invoicing tools

Use Cases

Banks, FinTechs and othersConsumers

Customer logs into the online banking

with her/his credentials

figo inside technology

figo is for everyone

> 1000 are using figo

today

Banks

Payment Service

Providers

CC-schemes

Corporates

FinTechs

Credit Providers

Developers

figo and the first wave

Risk Analysis and scoring with digital bank statementsinstantly online.

More than 3.200 Banks

Creditcards

FinTechs

Meet figo verifier: Digitize loan application processes

Direct verification makes service

usable instantlyMore than

3.200 Banks

Creditcards

FinTechs

Meet figo verifier: Faster user on-boarding

Automated by accessingbank account data

More than 3.200 Banks

Creditcards

FinTechs

Meet figo verifier: Account switching services

Monitor, automate and initiate payments.More than

3.200 Banks

Creditcards

FinTechs

Meet figo initiator: Initiate payments directly in your service

Now figo supports the second wave

The bank as the financial home - where the user

stays longer

More than 3.200 Banks

Creditcards

FinTechs

Meet figo aggregator - Multibanking & account aggregation

What about the third wave?

The problems with “bank as a platform”

Problem on bank side _No revenue model through XS2A _No reach to developers & startups _No on-boarding process for new partners

Problem on FinTech side Not all account types included_

Too many different banks & technology_ XS2A is not an ‘all purpose tool’_

VS.

Third partiesConsumer figo XS2A platform for banks

Our XS2A platform is more than just a PSD2 compliance service

figo developer network

Easy access

Account InformationService (AIS) API

Compliance

Partner Management

Hosting & Security

API Management

Payment Initiation Service (PIS) API

Core Banking

Service A

Fintech B

OTHER

PARTNER

PSD2

COMPLIANT

XS2A-PLATTFORM

FOR BANKS

Platform stack used by the bank

One example: How figo brings together the whole industry

www.bankathon.net https://vimeo.com/191671868

ADDRESS figo GmbH Gaußstraße 190c 22765 Hamburg

WEB www.figo.io @figoAPI

Let’s change the way we bank today!

LARS MARKULL

E-MAIL:

MOBILE:

TWITTER:

LM@FIGO.IO

+49 151 50 580 510

@LARSMARKULL