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Iasa Spain Arquitecturatic - The Open Bank Project
- 1. Open Bank ProjectBank as a Platform, transparencyas anasset Ismail Chaib, COO Open Bank Project
- 3. Even in banks… Today, Europe’s largest bank offer APIs “Wethinkthatby2016,75% ofthetop50globalbanks(byassets)willhavelaunchedanAPIplatformand25%willhavelaunchedacustomer- facingappstore”-Gartner
- 4. An API for every bank! In the future, every bank will have an API 1995 Why do we need a Web site? 2000 2010 2015 Of course we have a Web site Of course we have an API Why do we need an API?
- 5. What’s in it for the bank? Bankscan leverage the OBP API to create bettercustomer relationships Source: faberNovel, 6 reasons why API are reshaping our business An API allows an ecosystem to flourish around the bank!
- 6. The Open Bank Project Banks can leverage the OBP API to create better customer relationships Individuals &Businesses. Developershaveeasyaccesstobankingdataandtrustedservices Customersenjoyamuchgreaterchoiceofhighqualityandsecureservices Banksinstantlyprovidenewandmoresecureservicestotheircustomers.Offeringfastertime-to-marketandcostsavings Trusted 3rdParty Developers Retail / corporate banks ✔ ✔ ✔ Open Bank API fosters a customer-centric open innovation ecosystem An open source API and App Store for banks and a community of developers using it
- 7. Developers and banks are engaged •PoCswith tier 1 banks in the UK •Partnership with TEMENOS, +700 bank customers •Service partners in Singapore and USA •Active developer community •120Developers-18appsusingtheOpenBankProjectAPI •+1000registrationsonmailinglist •4hackathonsperyearincludingwithLloydsTSBandRabobank Incubated at
- 8. How it works OBP API Bank’s Legacy IT System Bank’s Customers Provided by their bank OBP App Store 3 2 1 (On different platforms) Use innovative financial apps Card-linked offers Cash management Accounting ERP KYC CRM Crowdfunding jQuery Savings Gamification Data Visualisation Advisory PFM AML Anti fraud Regulation bank’s data center / cloud Deploy on your premise and leverage an app ecosystem
- 9. App Example #1: Momentum Financial KPIs and cash flow forecasts based on transaction data
- 10. App Example #2 :MoneyGarden Personal Finance Management and budgeting app
- 11. App Example #3: KashFlow Bank reconciliation for accounting software
- 12. App Example #4: Kinder App Personal Finance Management solution for kids
- 13. Bank-level Security Same level of security as any other bank application
- 14. Technical Architecture Features: •Account information and transaction history •Fund transfer •Data sharing •Data enrichment Specificities: •RESTfulAPI / JSON •OAuthfor authentication •Full test coverage •Continousdeployment •Developed with Scala •Run on JVM
- 15. Cultural Architecture A hackathonis an intensive marathon of brainstorming and programming 80 participants 12 hacks 4 / year
- 16. Key Learnings •Make it work, make it right, make it fast! •Be pragmatic •Open source by default •IT doesn’t matter until it does matter •Community is key -Culture attracts community
- 17. Ismail Chaib, COO Ismail@tesobe.com +49 157 387 104 31 www.openbankproject.com Thank You