The document discusses the evolution and impact of open banking, emphasizing the shift towards customer control over financial data and the competition among banks and third-party services. It highlights the emergence of regulations like PSD2 in Europe and the potential for new innovations in the banking sector spurred by digital disruptors. Kony's response includes a digital banking platform with open APIs that facilitate integration and account aggregation.

1. June 29, 2018 © Kony DBX, Company confidential
Open Banking
Giving Customers control over their own Financial
Data by eliminating traditional institutional
barriers
Steve Ware, SVP Digital Banking

2. © Copyright 2017 Kony, Inc. All rights reserved. The information contained herein is subject to change without notice. 2
What’s driving it and why?
• Started in the UK, 2nd phase implemented January 13th
• Open Banking standards – Competition & Markets Authority
• PSD2 in Europe de-regulating payments in 2018
• Directive, not standards based – emerging e.g. Berlin Group
• Two things happening:
• Banks forced to open up Account Data and Payments processing to 3rd parties
potentially offering better & more competitive services
• Customers empowered to grant access and easily switch services
• New type “Digital” is breaking traditional Banking culture – spreading
rapidly in Europe & Asia. Inching forward in USA
Disruptors are
fueling segregation
between
the new cool way
and
the medieval way
Potential to be more
progressive
and open
competitors.
Opens up opportunity
and choice

3. © Copyright 2017 Kony, Inc. All rights reserved. The information contained herein is subject to change without notice. 3
What’s the big deal with Open Banking?
What will happen when Customers register and
grant access to their financial data to the
GAFAM’s and BATX’s of this world?
A quiet Banking revolution is getting louder.
Who would have foreseen that Google opening
up their Geolocation API’s would help give birth
to Uber?
What will be the impact on banking and what
new improvements and innovations will be
spawned?
Big questions?
• Compliance & impact
• Survive the land grab
• Alternative Services
• Stickiness
• Scaling – David vs Goliath
• Science fiction/fact
Scary version
• Online Digital Banks
• Crypto-currency
• Virtual tokenization
• Trust in big tech
• Disruptor app takeover

4. © Copyright 2017 Kony, Inc. All rights reserved. The information contained herein is subject to change without notice. 4
What is Kony doing about Open Banking?
• Digital Banking Platform 4.0+
• Unified Data Model based on open standards (UK, Berlin
Group)
• Provide 40 Open API’s
• Integrated API management – versioning, throttling, security
• Account and Payment aggregation
•Digital Banking suite
• Aggregated account dashboards
• Add external accounts and cards
• Consolidated retail/business/loan account view
• Open Integration Model – Vendor management
• Integrated cross application services
• 3rd Party Application ecosystem

5. © Copyright 2017 Kony, Inc. All rights reserved. The information contained herein is subject to change without notice. 5
Open Apps are commercially available &
growing

6. © Copyright 2017 Kony, Inc. All rights reserved. The information contained herein is subject to change without notice. 6
More Information
• Kony DBX Documentation – demo environment
• Open Banking Org (UK) – good background
• ComputerWorld UK – Some great
articles