apidays LIVE LONDON - The Road to Embedded Finance, Banking and Insurance with APIs The State of Banking APIs 2020 Mark Boyd, Author of The State the Banking APIs, CEO at Platformable

1. Open Banking APIs
State of the Market
Mark Boyd
mark@platformable.com

2. platformable.com 2

3. platformable.com 3
Team Effort!
Mark Boyd
Writer/Analyst/ Founder
Arjit Mathur
Fintech Analyst
Phuong Pham
Open Banking Analyst

4. platformable.com 4

5. platformable.com 5

6. platformable.com 6
Measuring value of
APIs of the open
banking ecosystem:
a model

7. platformable.com 7

8. Success
Who is benefiting so far?
8

9. Banks

10. platformable.com 10

11. platformable.com 11

12. platformable.com 12
● New accounts
increased by
375% during
2016-2019
● 274% CAGR
growth in
transaction
volume
2016-2019
(enabling
processing fees)
https://resources.axway.com/api-managem
ent-doc/success-story-permatabank
● Income from
platform services
grew:
● From £5K
(November 2017)
● To £1.5M
(November 2019)
● 33% of active
business
customers have
at least one
integration
https://www.slideshare.net/AfshanDadan/st
arling-bank-deep-dive
https://apidayshelsinki.virtualconference.co
m/#/conference/5f4e4ff23cd1b1001b105d
3e
● DBS Property
Marketplace has
generated more
than SGD 300
million in home
loan requests
within the first 12
months.

13. platformable.com 13

14. platformable.com 14
● New accounts
increased by
375% during
2016-2019
● 274% CAGR
growth in
transaction
volume
2016-2019
(enabling
processing fees)
https://resources.axway.com/api-managem
ent-doc/success-story-permatabank
● Income from
platform services
grew:
● From £5K
(November 2017)
● To £1.5M
(November 2019)
● 33% of active
business
customers have
at least one
integration
https://www.slideshare.net/AfshanDadan/st
arling-bank-deep-dive
https://apidayshelsinki.virtualconference.co
m/#/conference/5f4e4ff23cd1b1001b105d
3e
● DBS Property
Marketplace has
generated more
than SGD 300
million in home
loan requests
within the first 12
months.

15. Fintech

16. platformable.com 16
Four types of fintech
and banking
relationships

17. platformable.com 17
Fakturoid SME
Online Invoicing
● 1.4K active
connections
● 24% conversion
rate to premium
product
● 5X LESS churn
rate
https://www.kb.cz/cs/podnikatele-a-male-fir
my/ostatni-sluzby/fakturoid
https://www.finextra.com/newsarticle/3645
0/standard-bank-acquires-35-stake-in-trades
afe
Commodity
transactions/
escrow
● TradeSafe will
now be able to
target
commodity and
M&A
transactions
greater than R25
million.
Personal Financial
Management
● 2.5 Billion Euros
transaction data
processed
through app

18. Consumers & the
Underbanked

19. platformable.com 19
Book-keeping
● 10-hours saved
per month = 120
hours = 3 weeks
per year saved
● $3,000 on a
$25/hr wage
https://www.bbva.com/en/bbva-backed-sol
etrader-banking-specialist-holvi-set-to-break-
into-uk-market/
Credit incl. Buy
Now, Pay Later
● Consumers: 22%
encouraged by
flexible payment
options
● Retailers: 30%
increase in
orders and 68%
increase in order
volume
Government-
subsidised payroll
loans
● Faster
application/
approval
process
● Lower/ capped
interest rates
https://www.fintechmagazine.com/payment
-solutions/klarna-how-can-we-enrich-custom
er-experience
https://cgap.apidashboard.io

20. platformable.com 20
https://www.openbanking.org.uk/insights/open-banking-case-by-case/

21. platformable.com 21

22. platformable.com 22
What do we want?
Business Models!
When do we want them?
When they have been tested
for product-market fit and
undergone usability
research!

23. Thankyou!
Mark Boyd
mark@platformable.com
@mgboydcom

24. platformable.com 24

25. platformable.com 25