api is the new black

API is the new digital language

Banks need to speak it fluently,

or risk becoming isolated and eventually

disintermediated, by API native speakers.

It’s not a question of if, or when.It’s how many of them.

Banks have the opportunity to learn

from the techniques & practices

of Internet Giants (amazon, google etc.)

Financial APIs need agreementsbeyond technical aspects

Source: EBA, Understanding the business relevance of Open APIs and Open Banking for banks, May 2016

Legal + Operational + Functional + Technical

PSD2 = APIs

Open Banking = APIs

The EU, via PSD2, is leadingthe Open Banking movement

The API movement is HUGE!

You can now reach:

Your customers + FinTech ecosystem

PSD2 is not complianceits your biggest opportunity

2.5xSource: Freeform Dynamics, Exploiting the Software Advantage, Lessons from Digital Disrupters, October 2015

Digital DisruptersOutperform their markets

2x 1.5xRevenueGrowth

New-BusinessRevenue

ProfitGrowth

Of Banks have either already

launched, or plan to launch within

the next 12 months, an API initiative

Banks are already workingon APIs!

Source: More Banks Working on APIs in 2016, But Bureaucracy Remains a Problem | Bank Innovation

78%

Become PSD2 ready

Banks use APIs today to…

Connect & Collaborate

with FinTech Innovators


Offer Banking as a Platform (BaaP) Services

to your customers


Empower Agile Development

of Internal Projects


Decouple core Systems from the blazing speed

FinTech (R)evolution


It needs a multidisciplinary team

Technology + Business + Marketing

APIs are not about technologyit’s about your Business, Re-Imagined

64 Princes Court , 88 Brompton Road , Knightsbridge, London SW3 1ET, United Kingdom | Tel. : +44 2071172538 | www.paymentcomponents.com

@paymentcomp

FinTech API Experts

https://twitter.com/paymentcomp

api is the new black

Economy & Finance