1.
PICTURE BY KUSTER & WILDHABER PHOTOGRAPHY, FLICKR
APIDays Paris
December 16th, 2016
REAL LIFE EXAMPLES ON HOW TO THRIVE
THROUGH BANKING APIS

2.
A FinTech history lesson

3.
First wave: FinTech startups attack (2008-2014)
It was never cheaper to
start a startup. And
regulation provided new
opportunities!

4.
Second wave: Banks fight back (2014-2015)
“Let’s be innovative and …
do a hackathon!”

5.
Third wave: Partnerships of banks & startups (2016ff)

6.
Banking with “non-banks” will become the new normal

7.
The result

8.
What is figo providing?

9.
figo opens
financial silos
From more than
3.200 financial sources
in Germany & Austria
Future: all SEPA countries

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.
figo is for everyone
> 1000
are using figo
today
Banks
Payment
Service
Providers
CC-
schemes
Corporates
FinTechs
Credit
Providers
Developers

12.
figo and the first wave

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.
Direct verification
makes service
usable instantly
More than
3.200 Banks
Credit
cards
FinTechs
Meet figo verifier: Faster user on-boarding

15.
Automated by accessing
bank account data
More than
3.200 Banks
Credit
cards
FinTechs
Meet figo verifier: Account switching services

16.
Monitor, automate
and initiate payments.More than
3.200 Banks
Credit
cards
FinTechs
Meet figo initiator: Initiate payments directly in your service

17.
Now figo supports the second wave

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.
What about the third wave?

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.
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.
One example: How figo brings together the whole industry
www.bankathon.net https://vimeo.com/191671868

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