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figo at API Days 2016 in Paris

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A little insights into our development over the recent years and a short outlook for "bank as a platform".

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figo at API Days 2016 in Paris

  1. 1. PICTURE BY KUSTER & WILDHABER PHOTOGRAPHY, FLICKR APIDays Paris December 16th, 2016 REAL LIFE EXAMPLES ON HOW TO THRIVE THROUGH BANKING APIS
  2. 2. A FinTech history lesson
  3. 3. First wave: FinTech startups attack (2008-2014) It was never cheaper to start a startup. And regulation provided new opportunities!
  4. 4. Second wave: Banks fight back (2014-2015) “Let’s be innovative and … do a hackathon!”
  5. 5. Third wave: Partnerships of banks & startups (2016ff)
  6. 6. Banking with “non-banks” will become the new normal
  7. 7. The result
  8. 8. What is figo providing?
  9. 9. figo opens financial silos From more than 
 3.200 financial sources 
 in Germany & Austria
 Future: all SEPA countries
  10. 10. figo enables unified access to all financial sources
 Through figo all financial sources looks the same financial sources > 3.200 Banks Credit Cards Assets/ Broker API Auto Sync Categori -zation Payment Aggrega -tion Notifi- cations HBCIAPISWEBSCRAPING Multibanking in web & app Risk management Scoring User verification Account switching Invoicing tools Use Cases Banks, FinTechs and othersConsumers Customer logs into the online banking with her/his credentials figo inside technology
  11. 11. figo is for everyone > 1000 are using figo today Banks Payment Service Providers CC- schemes Corporates FinTechs Credit Providers Developers
  12. 12. figo and the first wave
  13. 13. Risk Analysis and scoring with digital bank statements
 instantly online. More than 3.200 Banks Credit
 cards FinTechs Meet figo verifier: Digitize loan application processes
  14. 14. Direct verification makes service usable instantly More than 3.200 Banks Credit
 cards FinTechs Meet figo verifier: Faster user on-boarding
  15. 15. Automated by accessing
 bank account data More than 3.200 Banks Credit
 cards FinTechs Meet figo verifier: Account switching services
  16. 16. Monitor, automate and initiate payments.More than 3.200 Banks Credit
 cards FinTechs Meet figo initiator: Initiate payments directly in your service
  17. 17. Now figo supports the second wave
  18. 18. The bank as the financial home - where the user stays longer More than 3.200 Banks Credit
 cards FinTechs Meet figo aggregator - Multibanking & account aggregation
  19. 19. What about the third wave?
  20. 20. The problems with “bank as a platform” Problem on bank side _No revenue model through XS2A _No reach to developers & startups _No on-boarding process for new partners Problem on FinTech side Not all account types included_ Too many different banks & technology_ XS2A is not an ‘all purpose tool’_ VS.
  21. 21. Third partiesConsumer figo XS2A platform for banks Our XS2A platform is more than just a PSD2 compliance service
 figo developer network Easy access Account Information
 Service (AIS) API Compliance Partner Management Hosting & Security API Management Payment Initiation 
 Service (PIS) API Core Banking Service
 A Fintech B OTHER PARTNER PSD2 COMPLIANT
 XS2A-PLATTFORM 
 FOR BANKS Platform stack used by the bank
  22. 22. One example: How figo brings together the whole industry www.bankathon.net https://vimeo.com/191671868
  23. 23. ADDRESS figo GmbH Gaußstraße 190c 22765 Hamburg WEB www.figo.io @figoAPI Let’s change the way we bank today! LARS MARKULL E-MAIL: MOBILE: TWITTER: LM@FIGO.IO +49 151 50 580 510 @LARSMARKULL

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