Figo is a European banking service provider that offers a comprehensive API to streamline access to financial data from over 99% of banks in Germany, enabling developers to integrate banking services into their applications efficiently. By addressing the complexities and inefficiencies of traditional banking interfaces, figo promotes innovation and facilitates the development of new banking-related products and services. The company also aligns with regulatory standards like PSD2, ensuring secure data handling and user control over their banking information.

1. THE BACKBONE OF NEXT
GENERATION FINANCIAL SERVICES
THE FIRST EUROPEAN BANKING SERVICE PROVIDER
May 2015
figo for developers
Picture by: Kuster & Wildhaber Photography, flickr

2. 1. figo in a nutshell
2. Use cases
3. Relevant facts for developers
4. Contact

3. What we believe in
Disruption reaches banking
› Financial data is powerful
› But banking in the right context is required!
› Traditional banks are not necessarily
the best player to offer certain services
› Now is the right time for change

4. Problem
No access for developers
Service
Banks
>500 days
without figo
Existing financial interfaces are:
› Complex & Complicated
› Fragmented
› Differ significantly from each other
› Old-fashioned
As a result:
Service providers often forgo implementation!

5. Our solution
Banking Service Provider
2 days
› Instead of connecting to every single
financial source on your own, just use
one powerful API for every source
(Germany: >98% banks and financial
service providers)
› Every type of data and every transaction
› Can be implemented in every service
Service
Banks
figo Connect API

6. figo Connect API3100+ sources
Credit cards
Saving accounts
Debit cardsWallets
FinTechs
Saving contracts
Securities
Loans
Current accounts
Cash accountsBrokers
Banks
h
PayPal
Bitcoin
Massive number of
use cases
Wallets
User verification
P2P Payments
Tax services
Credit scoring
Scan and Pay
Mobile Banking
Insurance
Apps
Wealth Mgmt
Toolkit for banks
Loyalty
SME tools
One API for
lots of use cases

7. figo Connect API
more than a simple API
Notification Sync-API
Event-API
REST-API
Auth-API
E-Mail
SMS
Push
WebhooksHBCI/FinTS
WebScraping
Custom API
1 … n
XML / OFX
Importer
API-Server
User-Data Management Access-Data
SDKs
Ruby
PHP
Java
Python
node
.net
Hosting

8. ards
ount
cards
tions
wner
ns
lance
Massive
us
P2P
Switch ban
Credit scor
Scan and P
Mobile Bank
Wealth Mgm
Toolk
Historical transactions
Different bank & account types
ExpensesCurrency
Quantity accounts BIC
Earnings
Account balance IBAN
Possibilities today
A lot of opportunities
All types of account transactions
Bank transfer All kinds of TAN methods
Bank icon
Name of account owner(s)
Possible information to
extract today
Possible functions to
implement today

9. ards
ount
cards
tions
wner
ns
lance
Massive
us
P2P
Switch ban
Credit scor
Scan and P
Mobile Bank
Wealth Mgm
Toolk
Direct debit
Scheduled transfers
Possibilities tomorrow*
And more to come
Overdraft facility
Purpose codes
Name of payment partners
Qty. direct debit authorizations
Existing standing orders
Standing orders Collective transfers Scheduled transfers
Possible information to
extract in the future
Possible functions to
implement in the future
* These features will be implemented in the following months

10. 1. figo in a nutshell
2. Use cases
3. Relevant facts for developers
4. Contact

11. Selected partners
figo’s API creates new products and revenue streams for partners
Without figo Kontoalarm would have been required to invest an
additional year of technical development.
Without figo Auxmoney would not be able to perform real time scoring.
Without figo Lendstar would not be able to operate with their existing
model.
… and more than 160 other developers and partners
Banking app Scan & Pay app Scoring, identify
& money transfer
Account switch service Banking & customer
identification
Open position management
Portfolio and multi-banking P2P payment POC platform
Christopher Kampshoff, CEO Lendstar
Raffael Johnen, CEO Auxmoney
Bernd Storm, CEO Kontoalarm

12. Best practice: Auxmoney
Real time scoring based on figo Connect API

13. Best practice: Kontoalarm
Smart banking to identify non-required subscriptions based on figo Connect API

14. Best practice: organize.me
Scan and pay your bill with one single app based on figo Connect API

15. Bankathon - Banking Hackathon
90 developers, 15 banks and 15 existing FinTech startups
26-28 APRIL 2015 // FRANKFURT AM MAIN
› Bankathon brought hackers, banks and API providers
into one room to “code the future of FinTech”
› Bankathon showed the relevance of bank data and APIs
› figo was often used as a quick start for new products
› Out of 27 ideas 20 used the figo API for various use cases
› More information: www.bankathon.net

16. 1. figo in a nutshell
2. Use cases
3. Relevant facts for developers
4. Contact

17. figo is a Banking Service Provider
› European Union is currently regulating third party access to bank
accounts (PSD II - “Access to bank accounts”)
› figo provides a conformable to PSD2 service which allows third party
services to connect to customer bank accounts through the figo
financial ID
› Developers are able to focus on their core product while figo takes
care of the access to bank account
› What Payment Service Providers are to e-commerce companies,
Banking Service Providers will become for banking related companies
Third Party
Services
Banks
Banking Service
Provider
Regulation
figo is more than just a banking API

18. Security
Safety and data protection are guaranteed
› Login data is stored separately from any other data
› All data concerning individuals will remain anonymous
› A256-bit AES encryption
› SSL encrypted data transfer
› Infrastructure is fully hosted in a German bank data center
› End users decide which partner can access his data
› End users decide if banking credentials should be saved or not

19. Pricing
We know our partners very well and our offering is tailored to their needs
› No fees for single developers (non-commercial use)
› Fees for commercial use either based on API call or
per user (monthly flat)
Tailored
Foreverysize
per user
< 1 € per user/month (*)
per API call
< 0,25 € per call (*)or
+
minimum fee per month
(>100 €/month)
(*) price depends on number of user/transactions and required functions

20. How to get started?
Test our API!
‣ Overview of your possibilities
http://figo.io/
‣ figo Connect REST API
documentation
http://docs.figo.io/ (including
demo access)
Information
‣ You can receive a Client ID
for the full use of our API
‣ Free of charge and without
obligation!
‣ Just contact us
contact@figo.me
Developer Key
‣ figo Connect SDKs
http://docs.figo.io/
‣ For different programming
environments:
Python
Ruby
Node.js
PHP
Java
.net
Integration
Going liveStart

21. ‣ Who needs to pay for the use of our API?
Only partners who are using the API in a commercialise way need to pay a certain monthly fee (and only if the service is live). Developers can use the API with an
own Client ID free of charge!
‣ How many banks and financial services are connected to figo?
In Germany we are connected to over 99% of all relevant banks and financial service providers. Furthermore, first foreign banks (AUT) are implemented as well.
‣ How can I access the figo API?
Depending on your use case you will have different ways (web, mobile, offline, …) to access our API. Please refer to http://docs.figo.io/#authentication to find an
overview of what your possibilities are.
‣ Does figo automatically updates transactions in its finIDs (=figo accounts)?
Yes, all finIDs (=figo accounts) are being updated multiple times per day.
‣ Do I need to use my own bank account credentials for testing the API?
No, you can use our “demobank”. Just enter the bank rooting number 90090042 while adding a new bank account, and you will find all required information.
FAQ

22. 1. figo in a nutshell
2. Use cases
3. Relevant facts for developers
4. Contact

23. Who we are - the team
Over 30 years experience in FinTech
André M. Bajorat Joachim Penk Lars Markull Sebastian Tiesler
› Exec. consultant in finance & payment
› VP Product Marketing, CEO
at NumberFour
› Managing Director at giropay and Star
Finanz
› Freelance Software Developer
› Co-Founder (CTO) fwd.io
› Co-Founder (CTO) Mikestar
› Shortcut Ventures
› SumUp
› Head of Mobile Solutions
at Star Finanz a Company of
Savings Banks Finance Group
› Senior Account Manager
at Star Finanz
› G&J Multimedia Ventures
Heiko Rahlfs
› Consultant for Organization,
Processes & Finance
› Successful projects for Deutsche
Telekom, O2, ProSiebenSat1,
Lufthansa
› Relationship Manager Corporate
Finance at Dresdner Bank AG
CEO Technology Business Dev & DevCom Product & Sales Finance & Operations