iasa spain arquitecturatic - the open bank project
DESCRIPTION
Great presentation in Spanish on The Open Bank Project.TRANSCRIPT
Open Bank ProjectBank as a Platform, transparency as an asset
Ismail Chaib, COO
Open Bank Project
APIs are everywhere
Even in banks…
Today, Europe’s largest bank offer APIs
“We think that by 2016, 75%
of the top 50 global banks (by
assets) will have launched an
API platform and 25% will
have launched a customer-
facing app store” - Gartner
An API for every bank!
In the future, every bank will have an API
1995
Why do we need a
Web site?
2000 2010 2015
Of course we
have a Web site
Of course we
have an API
Why do we
need an API?
What’s in it for the bank?
Banks can leverage the OBP API to create better customer relationships
Source: faberNovel, 6 reasons why API are reshaping our business
An API allows an ecosystem to flourish around the bank!
The Open Bank Project
Banks can leverage the OBP API to create better customer relationships
Individuals & Businesses.
Developers have easy access to banking data and trusted
services
Customers enjoy a much greater choice of high quality and
secure services
Banks instantly provide new and more secure services to their
customers. Offering faster time-to-market and cost savings
Trusted 3rd Party
Developers
Retail / corporate
banks
✔
✔
✔
Open Bank API fosters a customer-centric open innovation ecosystem
An open source API and App Store for banks and a
community of developers using it
Developers and banks are engaged
• PoCs with tier 1 banks in the UK
• Partnership with TEMENOS, +700 bank customers
• Service partners in Singapore and USA
• Active developer community
• 120 Developers -18 apps using the Open Bank Project API
• +1000 registrations on mailing list
• 4 hackathons per year including with Lloyds TSB and Rabobank
Incubated at
How it works
OBP API
Bank’s Legacy IT System
Bank’sCustomers
Provided by
their bankOBP App Store
3
2
1
(On different
platforms)
Use innovative
financial appsCard-linked offers
Cash management
AccountingERP KYCCRM
Crowdfunding
jQuery
SavingsGamificationData
Visualisation
Advisory PFMAML
Anti fraudRegulation
bank’s data
center / cloud
Deploy on your premise and leverage an app ecosystem
App Example #1: Momentum
Financial KPIs and cash flow forecasts based on transaction data
App Example #2 :MoneyGarden
Personal Finance Management and budgeting app
App Example #3: KashFlow
Bank reconciliation for accounting software
App Example #4: Kinder App
Personal Finance Management solution for kids
Bank-level Security
Same level of security as any other bank application
Technical Architecture
Features:• Account information and
transaction history
• Fund transfer
• Data sharing
• Data enrichment
Specificities:• RESTful API / JSON
• OAuth for authentication
• Full test coverage
• Continous deployment
• Developed with Scala
• Run on JVM
Cultural Architecture
A hackathon is an intensive marathon of brainstorming and
programming
80 participants
12
hacks
4 /
year
Key Learnings
• Make it work, make it right, make it fast!
• Be pragmatic
• Open source by default
• IT doesn’t matter until it does matter
• Community is key - Culture attracts community
