apidays LIVE LONDON - The Road to Embedded Finance, Banking and Insurance with APIs
The State of Banking APIs 2020
Mark Boyd, Author of The State the Banking APIs, CEO at Platformable
12. platformable.com 12
● New accounts
increased by
375% during
2016-2019
● 274% CAGR
growth in
transaction
volume
2016-2019
(enabling
processing fees)
https://resources.axway.com/api-managem
ent-doc/success-story-permatabank
● Income from
platform services
grew:
● From £5K
(November 2017)
● To £1.5M
(November 2019)
● 33% of active
business
customers have
at least one
integration
https://www.slideshare.net/AfshanDadan/st
arling-bank-deep-dive
https://apidayshelsinki.virtualconference.co
m/#/conference/5f4e4ff23cd1b1001b105d
3e
● DBS Property
Marketplace has
generated more
than SGD 300
million in home
loan requests
within the first 12
months.
14. platformable.com 14
● New accounts
increased by
375% during
2016-2019
● 274% CAGR
growth in
transaction
volume
2016-2019
(enabling
processing fees)
https://resources.axway.com/api-managem
ent-doc/success-story-permatabank
● Income from
platform services
grew:
● From £5K
(November 2017)
● To £1.5M
(November 2019)
● 33% of active
business
customers have
at least one
integration
https://www.slideshare.net/AfshanDadan/st
arling-bank-deep-dive
https://apidayshelsinki.virtualconference.co
m/#/conference/5f4e4ff23cd1b1001b105d
3e
● DBS Property
Marketplace has
generated more
than SGD 300
million in home
loan requests
within the first 12
months.
17. platformable.com 17
Fakturoid SME
Online Invoicing
● 1.4K active
connections
● 24% conversion
rate to premium
product
● 5X LESS churn
rate
https://www.kb.cz/cs/podnikatele-a-male-fir
my/ostatni-sluzby/fakturoid
https://www.finextra.com/newsarticle/3645
0/standard-bank-acquires-35-stake-in-trades
afe
Commodity
transactions/
escrow
● TradeSafe will
now be able to
target
commodity and
M&A
transactions
greater than R25
million.
Personal Financial
Management
● 2.5 Billion Euros
transaction data
processed
through app
22. platformable.com 22
What do we want?
Business Models!
When do we want them?
When they have been tested
for product-market fit and
undergone usability
research!