Simon Redfern, CEO

Bank as a Platform

Transparency as an asset

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 Competitors¾ millennials would be more excited about an offering from new entrants than from their own bank!

Changing Customer Behavior

71% of millennials would rather go to the dentist than listen to what banks are saying!

Aging IT systemsIT systems are perceived as

the #1 barrier to innovation!

Upcoming RegulationSee UK Treasury Open Banking Call for evidence, EU’s PSD-II, Poland’s KNF anti-screen-scrapping decision.!

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

The Open Bank Project How it works

OBP API!

Bank’s Legacy IT Systems!

Bank’s!Customers!

Provided by their bank! OBP App store!

3

2

1

(On different platforms)!

Use innovative financial apps!

Card-linked offersCash management

Accounting!ERP! KYCCRM

Crowdfunding!

jQuery

SavingsGamificationData

Visualisation

Advisory PFM AMLAnti fraudRegulation!

Financial Institution’s data center / cloud /

appliance!

Operate your own white-labeled API. Plug & Play deployment.!

Bank-specific connectors!

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 Explorer - Try

Explore API in context of the logged in user.

Third Party Developer Tools

Entitlements & API Management

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

@OpenBankProject

http://bit.ly/obpslack1

www.openbankproject.com

Thank You