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Even in banks…
Today, Europe’s largest bank offer APIs
“Wethinkthatby2016,75% ofthetop50globalbanks(byassets)willhavelaunchedanAPIplatformand25%willhavelaunchedacustomer- facingappstore”-Gartner
An API for every bank!
In the future, every bank will have an API
Why do we need a Web site?
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?
Bankscan leverage the OBP API to create bettercustomer 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
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
•PoCswith tier 1 banks in the UK
•Partnership with TEMENOS, +700 bank customers
•Service partners in Singapore and USA
•Active developer community
How it works
Bank’s Legacy IT System
Provided by their bank
OBP App Store
(On different platforms)
Use innovative financial apps
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
Same level of security as any other bank application
•Account information and transaction history
•RESTfulAPI / JSON
•Full test coverage
•Developed with Scala
•Run on JVM
A hackathonis an intensive marathon of brainstorming and programming
4 / year
•Make it work, make it right, make it fast!
•Open source by default
•IT doesn’t matter until it does matter
•Community is key -Culture attracts community