open banking services and developer-friendly...

22
Open Banking Services and Developer-Friendly APIs Sophie Guibaud VP European Expansion, Fidor @SophieGuibaud Munich – Berlin – London – New York www.fidorbank.uk | www.fidor.de | www.disruptive-banking.com

Upload: others

Post on 07-Jul-2020

6 views

Category:

Documents


0 download

TRANSCRIPT

Page 1: Open Banking Services and Developer-Friendly APIsblockchain.fintecnet.com/.../8/2/52828281/___1130_sophie_guibaud_… · Open Banking Services and Developer-Friendly APIs Sophie Guibaud

Open Banking Services and Developer-Friendly APIs Sophie Guibaud VP European Expansion, Fidor @SophieGuibaud Munich – Berlin – London – New York www.fidorbank.uk | www.fidor.de | www.disruptive-banking.com

Page 2: Open Banking Services and Developer-Friendly APIsblockchain.fintecnet.com/.../8/2/52828281/___1130_sophie_guibaud_… · Open Banking Services and Developer-Friendly APIs Sophie Guibaud

FIDOR TODAY

Page 3: Open Banking Services and Developer-Friendly APIsblockchain.fintecnet.com/.../8/2/52828281/___1130_sophie_guibaud_… · Open Banking Services and Developer-Friendly APIs Sophie Guibaud

// WHERE DOES BANKING STAND TODAY?

Page 4: Open Banking Services and Developer-Friendly APIsblockchain.fintecnet.com/.../8/2/52828281/___1130_sophie_guibaud_… · Open Banking Services and Developer-Friendly APIs Sophie Guibaud

Internet

Smartphone

Tablet

Permanent Connectivity

HOW CONSUMER’S LIFE HAS CHANGED

Page 5: Open Banking Services and Developer-Friendly APIsblockchain.fintecnet.com/.../8/2/52828281/___1130_sophie_guibaud_… · Open Banking Services and Developer-Friendly APIs Sophie Guibaud

Hierarchy

No Listening Culture

Legacy Systems

Regulations

Lower IT budget

CHANGES IN TRADITIONAL BANKING

Page 6: Open Banking Services and Developer-Friendly APIsblockchain.fintecnet.com/.../8/2/52828281/___1130_sophie_guibaud_… · Open Banking Services and Developer-Friendly APIs Sophie Guibaud

Sources: The Millennial Disruption Index, Viacom Media Networks Survey + The Digital Disruption in Banking, Accenture

Don’t think their bank offers anything different than other banks

Consider their banking relationship to be transactional rather than relationship driven

Want their bank to proactively recommend products and services for their financial needs

Are interested in real-time and forward-looking spending analysis

53%

48% 71%

51%

LISTEN TO WHAT CUSTOMERS WANT

Page 7: Open Banking Services and Developer-Friendly APIsblockchain.fintecnet.com/.../8/2/52828281/___1130_sophie_guibaud_… · Open Banking Services and Developer-Friendly APIs Sophie Guibaud

// APIs AND THE BANKING INDUSTRY

Page 8: Open Banking Services and Developer-Friendly APIsblockchain.fintecnet.com/.../8/2/52828281/___1130_sophie_guibaud_… · Open Banking Services and Developer-Friendly APIs Sophie Guibaud

Source: Shutterstock

APIs, or Application Programming Interfaces are specific “languages” that define how two separate software applications can talk to and understand each other. In more technical terms, APIs are a set of programming instructions and standards allowing data exchange. A company can provide an API to a public or private group, so that other applications can easily perform a software integration and build new services on top of the original solution

WHAT IS AN API?

Page 9: Open Banking Services and Developer-Friendly APIsblockchain.fintecnet.com/.../8/2/52828281/___1130_sophie_guibaud_… · Open Banking Services and Developer-Friendly APIs Sophie Guibaud

GROWTH IN APIs SINCE 2009

Page 10: Open Banking Services and Developer-Friendly APIsblockchain.fintecnet.com/.../8/2/52828281/___1130_sophie_guibaud_… · Open Banking Services and Developer-Friendly APIs Sophie Guibaud

BANKS AS FINTECH ENABLERS

Page 11: Open Banking Services and Developer-Friendly APIsblockchain.fintecnet.com/.../8/2/52828281/___1130_sophie_guibaud_… · Open Banking Services and Developer-Friendly APIs Sophie Guibaud

By 2016, 25% of the top 50 global banks (by assets) will have launched a banking app store for customers

FINTECH AS BANK ENABLERS

Page 12: Open Banking Services and Developer-Friendly APIsblockchain.fintecnet.com/.../8/2/52828281/___1130_sophie_guibaud_… · Open Banking Services and Developer-Friendly APIs Sophie Guibaud

// PSD2: WHAT IS AT STAKE FOR BANKS?

Page 13: Open Banking Services and Developer-Friendly APIsblockchain.fintecnet.com/.../8/2/52828281/___1130_sophie_guibaud_… · Open Banking Services and Developer-Friendly APIs Sophie Guibaud

PSD & PSD2

PSD – 2007 (2009) Harmonise EEA payments through the creation of the legal platform for SEPA

PSD2 – 2013 (2015) Extend PSD by opening up the payments marketplace to newer entrants for more choice for consumers & businesses

Page 14: Open Banking Services and Developer-Friendly APIsblockchain.fintecnet.com/.../8/2/52828281/___1130_sophie_guibaud_… · Open Banking Services and Developer-Friendly APIs Sophie Guibaud

PSD2 THE INFLEXION POINT FOR BANKS

Opening Up the Jewel Box Banks provide Open Access to customer Accounts to 3rd party enquiries Banks lose control as own channels potentially get replaced by task-oriented third-party apps

Open Access to Accounts

Third-Party Providers TPPs develop payment apps using customer data Customer opt-in for balance enquiry and transaction initiation

Regulation, Regulation, Regulation Europe-only (initially) XS2A is part of the 2nd Payment Services Directive (PSD2) – legal in 2017

Preemptive Action or Obligation Better to disrupt yourself and win seat at the high-table for decision making, or risk being forced

POWERED BY APIs

Page 15: Open Banking Services and Developer-Friendly APIsblockchain.fintecnet.com/.../8/2/52828281/___1130_sophie_guibaud_… · Open Banking Services and Developer-Friendly APIs Sophie Guibaud

IT LANDSCAPE

NEW REVENUE SOURCES

& BUSINESS MODELS

COMPETE

OR

COLLABORATE?

OPEN BANKING STRATEGIES

Page 16: Open Banking Services and Developer-Friendly APIsblockchain.fintecnet.com/.../8/2/52828281/___1130_sophie_guibaud_… · Open Banking Services and Developer-Friendly APIs Sophie Guibaud

// THE HYBRID MODEL FOR BANKS The Fidor Case

Page 17: Open Banking Services and Developer-Friendly APIsblockchain.fintecnet.com/.../8/2/52828281/___1130_sophie_guibaud_… · Open Banking Services and Developer-Friendly APIs Sophie Guibaud

#BuildFidor Help us build the bank of your dreams

COMMUNITY-DRIVEN APPROACH

#BankingWithFriends Advise from people you trust

Page 18: Open Banking Services and Developer-Friendly APIsblockchain.fintecnet.com/.../8/2/52828281/___1130_sophie_guibaud_… · Open Banking Services and Developer-Friendly APIs Sophie Guibaud

HOLISTIC BANKING EXPERIENCE

Page 19: Open Banking Services and Developer-Friendly APIsblockchain.fintecnet.com/.../8/2/52828281/___1130_sophie_guibaud_… · Open Banking Services and Developer-Friendly APIs Sophie Guibaud

DEVELOPERS’ COMMUNITY SUPPORT

Page 20: Open Banking Services and Developer-Friendly APIsblockchain.fintecnet.com/.../8/2/52828281/___1130_sophie_guibaud_… · Open Banking Services and Developer-Friendly APIs Sophie Guibaud

POWERED BY AN API ECOSYSTEM

Fintech As A Service

Page 21: Open Banking Services and Developer-Friendly APIsblockchain.fintecnet.com/.../8/2/52828281/___1130_sophie_guibaud_… · Open Banking Services and Developer-Friendly APIs Sophie Guibaud

PSD2 AND BEYOND

Payment APIs Non-payment APIs

‘Regulated   PIS/AIS’  (PSD2)

‘non-regulated  PIS’   ‘non-regulated  AIS’

Digital Customer Services Infrastructure (DCSI)

Access makes real time commerce possible

Ani

mat

ed

• Payment guarantee • ‘Real-time’  payment • Refund/refuse services • Conditional payments • Dispute resolving

services • Crypto payments

• E-Mandate management

Involved APIs

• Y/N SCT initiation • Y/N fund

availability • Account balance • TRUE/FALSE acc

verification

• Authentication • Online contracting • Age verification • Intraday bank statement • Attribute provisioning • Payment Status Report

Page 22: Open Banking Services and Developer-Friendly APIsblockchain.fintecnet.com/.../8/2/52828281/___1130_sophie_guibaud_… · Open Banking Services and Developer-Friendly APIs Sophie Guibaud

THANK YOU FOR YOUR ATTENTION! Sophie Guibaud VP European Expansion, Fidor @SophieGuibaud Munich – Berlin – London – New York www.fidorbank.uk | www.fidor.de | www.disruptive-banking.com