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Enough talking - it's time to start doing


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Presentation from Apigee's Open Banking & PSD2 Summit in London on 19th May 2016. Success examples on Open Banking and key next steps to get your business ready for PSD2

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Enough talking - it's time to start doing

  1. 1. Enough Talking - it’s Time to Start Doing Ending Notes Ed Anuff, SVP Strategy Apigee 5/19/2016
  2. 2. APIs are future mission critical for Financial Institutions 2 Source: Forrester Research
  3. 3. Mandates, laws, non-compliance consequences are coming 3 EU Payments Services Directive – PSD2 UK OBWG
  4. 4. ©2015 Apigee Corp. All Rights Reserved. Some Apigee Customers in Financial Services 4 Payment Services Retail & Commercial Banking Investment Banking
  5. 5. ©2015 Apigee. All Rights Reserved. 5 is an " run bank every digital bank
  6. 6. Digital Banks and Monetization of data PFM, card linked offers Develop alternate models in Lending P2P lending, alternate decisioning, using IoT in equipment finance Access control, and risk management Reduce risk through access control, metering of enterprise assets Outside-in Transaction Banking Business to Bank integration from ERP, Treasury workstations and 3rd party apps Alternative models in Wealth management Roboadvisors for affluent segments Deposits LoansInvestments PaymentsThird-party services e.g. Health, Smart Govt. Other Banks 6 Connecting digital experiences is hard
  7. 7. Connected digital experiences must run on APIs API API API API API API API API integration Payment Shipping External partnersERPCRM Car HomeData Lake Internal External IoT integration Speed of Innovation Massive Scale Mission Critical
  8. 8. 8 API First approach as a foundation for business agility Software Delivery Management program to enable greater agility. Simplifying environment while increasing speed to market Dramatically and sustainably decreasing operational costs Improve productivity of internal developers Plug & play with current SDLC & DevOps frameworks New enterprise wide managed services for core banking services: all APIs available for consumption ;
  9. 9. Emirates 9 The largest bank and recognized as one of the most innovative in the United Arab Emirates! Strategically building an OpenBank platform to compete with FinTechs! ! New apps, and Omni-channel services! Private cloud deployment with internal and partner APIs! ;
  10. 10. First Data 10 Global payment processing company for more than 6 million merchant locations ! Replace outdated manual, costly, complex partner integration with streamlined API approach! Managed PCI cloud deployment with internal and partner APIs! Securely competes at faster pace globally! ; ✓
  11. 11. American Express 11 World’s largest card issuer, millions of transactions daily, and business-building services for a global merchant base! Innovate and keep pace with nonbank providers like Paypal, Square, Stripe…! Private cloud deployment with monetization and internal and partner APIs! More flexible and agile, and able to facilitate innovation internally and externally ! ;
  12. 12. Morningstar 12 Leading provider of independent investment research globally! Unify and modernize a number of existing APIs in different formats! Managed cloud deployment with internal and partner APIs! Streamlined access to funds, equity, and real time financial data for their customers and partners.! ; ✓
  13. 13. Tradier 13 Financial services cloud provider to serve platform providers, banks and investors! Provide customers and partners an improved investor experience by understanding and optimizing the trader journey! Edge & Insights in managed cloud deployment with internal and partner APIs! ; ✓
  14. 14. So why is this so hard?
  15. 15. Apigee Panel 15 Brian Pagano, Digital Success Ed Anuff, Strategy Greg Brail, Chief Architect
  16. 16. Thank You