open bank project ecb19 sept 2016 v2

Simon Redfern, CEO

Bank as a Platform

Transparency as an asset

ECB Monday 19 Sept 2016

How similar?

91

78

43

26

20

Our Vision

1995!

Why do we need a Web site?!

2000! 2010! 2020!

Of course we have a Web site!

Of course we have an API!

Why do we need an API?!

In the future, every bank will have an API

“By 2016, 75% of the top 50 global banks will have launched an API platform and 25% will have launched a customer-facing app store”!

“Bank as a Platform”: Modern, open APIs accelerate sustainable and secure customer-centric banking innovation by leveraging an ecosystem of third party applications and services. !

The Open Bank Project Why it's important

Current “workarounds” do not work anymore!

Non-Banking Competitors & #Fintech Startups!Compete / partner using APIs!

Changing Customer Behavior

Banks can keep up by using community and packaged software !

Aging IT systemsDecouple and Accelerate Innovation with community,

Dev Portal and APIs!

!

Upcoming RegulationKeep up with Regulation such as UK Open Banking and PSD2 using out of the box solutions.!

Source: The Millennial Disruption Index, Scratch 2014 / Innovation in Retail Banking 2013, Efma-Infosys!

The Open Bank Project

Is an Open Source API for banks!

1/ Open Banking API!

2/ Developer !Community! 3/ Apps!

Open Bank Project

Ecosystem of Apps

...The possibilities are endless!www.openbankproject.com/apps!

Open Source API stack

•  RESTful banking model •  Functional •  Scala in JVM •  OAuth included •  Flexible Connectors •  Metadata •  Entitlements •  AGPL & Commercial •  Github https://github.com/

OpenBankProject/

Developer Tools - SDKs

Apache Licensed (Handle the OAuth flow)

https://github.com/OpenBankProject/OBP-API/wiki/OAuth-Client-SDKS

API Entitlements per Account

Guest access to Accounts

Metadata

API Explorer - Try

Explore API in context of the logged in user.

API Explorer - Try

Explore API in context of the logged in user.

It’s an App!

Select Bank

Select Account

Select View

Select Transaction

Before Get User

After Get User

Get Accounts

Get Transactions

Register as Developer

Logged in as a Developer

Before Register App

After Register App

Using REST client with Key

Deploy locally

Easily run OBP on laptop / cloud host

https://hub.docker.com/r/openbankproject/

Monitoring & Analytics

Past Participants Past Participants Our clients include leading and global tier one banks. We have setup an OBP sandbox environment in more than 15 cities.

Customers and Past Participants Banking Clients & Partners

Over 500 developers using the Open Bank Project API!

k

Simon Redfern@simsysims

@OpenBankProjectwww.openbankproject.com

Thank You