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Building infrastructure for_collaborative_fintech_3.0
- 1. Building Infrastructure for Disruptive Collaborative FINTECH 3.0 Emmanuel Obinne Pre-sales Consultant MEA, BPC
- 2. banking payments context BPC - Who we are
- 3. BPC at a Glance Consistent High Rankings By Industry Analysts Leading partnerships Offices in 19 countries including Zurich (Zug), Utrecht, Singapore, Dubai, Johannesburg, London, Mexico City, Moscow 216 clients in 78 countries Financial institutions and processors - HSBC, QNB, ING, BNP Paribas, Commonwealth Bank of Australia, Diners Club International, Sberbank, Alfabank More than 20 National payment systems – Redsys, NSPK, EthioPay, Artajasa Transportation – Mexico Transport Card, Aeroflot World Bank, EBRD and USAID – more than 10 tenders won Financial inclusion – MTI, Safaricom 600+ Payments professionals
- 4. SmartVista – BPC’s powerhouse Digitization Artificial Intelligence Ecosystems
- 5. SmartVista Platform and Solutions ATM Management Issuing/CMS Merchant Management Payment Hub E and M Commerce Switch Digital Banking Fraud Management Rules Based Neutral Network Driving Monitoring Cash Management Debit, Credit, Pre-paid & Virtual Card Merchant Management POS and Mobile POS Driving Merchant Portal E & M Commerce Gateway Instant Payments Credit Transfers Apple Pay, Google Pay, Samsung Pay HCE/Wallet ACS E & M Commerce Gateway Protocol Conversion Stand-In Authorisation Agent Banking Mobile Banking Internet Banking Open API Banking Interchange Management Clearing & Settlement Interchange Forecasting Reconciliation Tokenisation Profiling Ai Direct Debits Dispute Management Instant Issuing Card Production eWallet
- 6. Our journey so far SmartVista core platform for card payment processing eCommerce, Card Generation Card personalization ATM monitoring, Fraud prevention, SMS banking Fuel Digital banking, Cash management Fraud prevention Dispute Management Chargeback, ARIS test tool Reconciliation engine Agent banking, eWallet Marketplace Automated Fare Collection 216 clients 78 Countries
- 7. banking payments context Some Notable SmartVista Implementations
- 8. ATM and kiosk driving Switching to international and domestic payment schemes Debit Card Authorization & Lifecycle Management Clearing and Settlement Open Banking API Global replacement of the self- service central switch and debit card infrastructure
- 9. Closed loop payment scheme with connections to VISA, MasterCard and Ames ATM & POS driving Merchant management Card management Local e-commerce gateway Fraud management Algeria’s national switch, processing payments for its 19 member banks and Algerian Post
- 10. Clearing & Settlement system Realtime reconciliation Interchange Management > 50 Banks connected Clearing and Settlement for Spain’s largest processor and national payment scheme
- 11. Enrollment through self service Cash-in and cash-out operations Self-service kiosks for prepaid card issuing SmartPOS for card- and token-based transactions Mobile banking and internet banking apps with USSD support Credit, debit and prepaid card product First digital only bank in South Africa
- 12. Globetrotters in FinTech Working with progressive players in Financial Services, National Payment Systems, Micro Finance Institutions, Fuel retailers, Retail Payment Networks, Mobile Network Operators, Government Europe Africa/MEA Asia Pacific Americas
- 14. Personal Financial Management Wealth Management PaymentsLending FINTECH 1.0 – Sequel to ‘08 Recession Unbundle the Banks
- 15. FINTECH 2.0 – 2014 Onwards FINTECHS Agility Disruptive Mindset Risk taking Innovation Labs (competitive Strategy) Corporate Politics Size Brand protection Banks
- 16. FINTECH 3.0 - Collaboration
- 17. Who Saw this Coming?
- 18. banking payments context @ the heart of #FINTECH #collaboration is #openbanking
- 19. banking payments context Open Banking is a secure technology for safe sharing of financial data with 3rd parties, who can also initiate payments on your behalf What is Open Banking?
- 20. What is Open Banking Cont’d? Data Sharing Branch location Details of banking products Spending Lending Utilities payments etc. Strong Customer Authentication (SCA) Open Standards
- 21. Why Open Banking? Data has value Data belongs to the customer/consumer Customer should be able to use their data to get better financial services if it is their will
- 22. Some Open Banking Use Cases Money Management Direct Debits Instant loans @checkout Account Opening
- 23. Imperatives for Open Banking Regulation & Standardization Lower barriers to entry Customer education Readiness of banks & Investment outlay Security & Data Protection
- 24. banking payments context How BPC Can Help
- 25. SandboxFlexible secure API management Configurable Workflow Management Fraud Management Consent Management SmartVista API Banking
- 28. You shall not pass!!!
- 30. Thank you
Editor's Notes
- FINTECH is innovative use of technology to deliver and use financial services. The objective of FINTECH is not to disrupt or displace incumbents, it is really about the customers and the choices we give them to move, manage and make the most use of their money.
- We make payments happen, by supplying banks, processors, merchants and other ecosystem players with the right technology to create relevant services for their customers. BPC is a global, digital and financial technology company with 216+ customers in 78 countries worldwide. We operate out of 19 offices globally, with our Head Quarters located in Switzerland. We have earned partnerships with leading technology companies such as HP, Oracle, IBM etc. These partnerships allows for flexibility of deployment in different kinds of environments. We have also sustained high rankings by leading industry analysts such as PayX, OVUM etc. In the PayX report of 2017/18, SmartVista came top amongst other platforms.
- Driving payments innovation based on digitalisation, artificial intelligence and the creation of ecosystems through our flagship product SmartVista. SmartVista was built in-house entirely from the ground up with no legacy system or acquisition code to date.
- We employed a modular and service oriented architecture to build an ecosystem of solution components that fulfils the end-to-end requirements of banks, processors, merchants etc., of any size. SmartVista is an open platform that empowers its customers to extend functionality of the platform. SmartVista is a container of services and market solutions for the digital and financial technology ecosystem. While components are modular, they are seamlessly integrated with each other; customers need not purchase the entire system at once, they can simply pay for and turn on modules and begin to offer services to their customers immediately because they do not have to go through complex implementation projects, only configurations and settings are required. Even migration from older to newer versions of SmartVista happens with seamless code upgrade made possible by SmartVista's backward compatibility.
- Starting out with one customer in one country in the late 90’s we have grown to 216 clients in 78 countries. We are also very proud to say that we have never lost a customer in our history
- Indeed we are globe trotters in FINTECH and we are proud to say that in our history, we have never lost a customer
- Sequel to the 2008 recession, certain lines of businesses were no longer viable for banks. This created an opportunity for FINTECHs to emerge. The use of modern technology allowed for flexibility in choosing which aspect of banking they wanted to focus on and the began to unbundle the banks.
- How can we work together to serve the customer better?
- Talk about how google map free service spurred the innovation of Uber and Airbnb. Compare iOS and Android, proliferation of OEMs/Phone Manufacturers, talk about Samsung’s app continuity in its foldable as an example of the extensibility of open platforms to drive innovation.
- Security aspects, No sharing of passwords with third parties, explicit consent with no ambiguity but short text which states what your doing, who you are sharing data with and for how long. Revocation of access is also possible and supposed to be easy. Only players authorized by the regulator would be allowed to participate.
- Just like the internet has spurred innovation we never thought possible, the exciting thing about open banking is the unknown FINTECH propositions lurking in the shadows
- Workflow Mgt.: Allows for message, API and micro-services orchestration to execute complete business tasks. This also allows re-use of existing services by different business processes API Mgt.: The introduction of a flexible and secure API management layer allows a bank to create new digital products and respond more quickly to changing market requirements without affecting their existing back-end systems. Since those back end systems are typically not designed to cater for more agile development approaches, a dedicated API Banking platform can provide the flexibility required to address the ever-changing client needs, while at the same time facilitating the integration with various back end systems.