APIs have been "The hottest topic in FinTech" during recent months - do you know what they mean and why they represent the next big thing for FinTech & Financial Institutions?

2. API is the new digital language
Banks need to speak it fluently,
or risk becoming isolated and eventually
disintermediated, by API native speakers.

3. It’s not a question of if, or when.
It’s how many of them.
Banks have the opportunity to learn
from the techniques & practices
of Internet Giants (amazon, google etc.)

4. Financial APIs need agreements
beyond technical aspects
Source: EBA, Understanding the business relevance of Open APIs and Open Banking for banks, May 2016
Legal + Operational + Functional + Technical

5. PSD2 = APIs
Open Banking = APIs
The EU, via PSD2, is leading
the Open Banking movement

6. The API movement is HUGE!
You can now reach:
Your customers + FinTech ecosystem
PSD2 is not compliance
its your biggest opportunity

7. 2.5x
Source: Freeform Dynamics, Exploiting the Software Advantage, Lessons from Digital Disrupters, October 2015
Digital Disrupters
Outperform their markets
2x 1.5xRevenue
Growth
New-Business
Revenue
Profit
Growth

8. Of Banks have either already
launched, or plan to launch within
the next 12 months, an API initiative
Banks are already working
on APIs!
Source: More Banks Working on APIs in 2016, But Bureaucracy Remains a Problem | Bank Innovation
78%

9. Become PSD2 ready
Banks use APIs today to…

10. Connect & Collaborate
with FinTech Innovators
Banks use APIs today to…

11. Offer Banking as a Platform (BaaP) Services
to your customers
Banks use APIs today to…

12. Empower Agile Development
of Internal Projects
Banks use APIs today to…

13. Decouple core Systems from the blazing speed
FinTech (R)evolution
Banks use APIs today to…

14. It needs a multidisciplinary team
Technology + Business + Marketing
APIs are not about technology
it’s about your Business, Re-Imagined

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@paymentcomp
FinTech API Experts