Simon Redfern, CEO of the Open Bank Project, discusses the importance of APIs in modern banking, emphasizing that by 2016, a significant number of global banks are expected to adopt API platforms. The Open Bank Project offers an open-source API to facilitate customer-centric banking innovation through third-party applications. Upcoming hackathons are highlighted as opportunities for banks to enhance customer relationships using this API.

1. Simon Redfern, CEO
Bank as a
Platform
Transparency as an asset
Workshop

2. Our Vision
1995!
Why do we need a
Web site?!
2000! 2010! 2020!
Of course we have
a Web site!
Of course we
have an API!
Why do we need
an API?!
In the future, every bank will have an API
“By 2016, 75% of the top 50 global banks will have launched an API
platform and 25% will have launched a customer-facing app store”!
“Bank as a Platform”: Modern, open APIs accelerate sustainable and
secure customer-centric banking innovation by leveraging an ecosystem
of third party applications and services. !

3. The Open Bank Project
Is an Open Source API for banks!
1/ Open Banking
API!
2/ Developer !
Community!
3/ Apps!
Open Bank Project

4. Application..
500+ developers using the Open Bank Project API!

5. ..Ecosystem
...The possibilities are endless!!www.openbankproject.com/apps!

6. Open Source API stack
• RESTful banking model
• Scala in JVM
• OAuth included
• Data and Auth
Connectors
• Linked Metadata and
Entitlements
• Dual licensed AGPL &
Commercial
• Github https://github.com/
OpenBankProject/

7. Developer Tools
Apache Licensed SDKs
(Handle the OAuth flow)
Run locally

8. OAuth

9. Versioning
https://bnp-paribas.openbankproject.com/obp/v1.2.1/banks
https://ulsterbank.openbankproject.com/obp/v1.3.0/banks
In URL (easy to read / test)

10. Documentation
Github Wiki: https://github.com/OpenBankProject/OBP-API/wiki/REST-API-V1.4.0
API to
document
API J

11. API Explorer
Explore API in context of the logged in user J

12. Documentation in code
Near the Code – So we can add HAL

13. Multiple Banks
/banks/BANK_ID
Try it: https://sofi.openbankproject.com/api-explorer
• rbs
• natwest
• ulster-bank-ni
• ulster-bank

14. Multiple Account Views
Multiple views on an account (don’t
assume owner is accessing)
/accounts/private
• owner
• auditor
• public
• shareholders
• regulator
• add-your-own

15. Fine grained permissions
Entitlements on each account view:
/banks
/BANK_ID
/accounts
/ACCOUNT_ID
/VIEW_ID
/account

16. Transparency Options
• Guest Access (accountant, auditor)
• Public Views (NGO, Charity)
• Aliases for Counterparties
(preserve privacy)

17. Meta Data
• Counterparties (urls, geolocation)
• Transactions (tags, comments)
• Customers (face image)
• Etc.
Stored outside Core Banking System

18. Roadmap
www.openbankproject.com/roadmap/

19. Next Hackathons
Banks can leverage the OBP API to create better customer relationships
RBS - Edinburgh, Oct 9th-11th !
London, Nov 7th-8th !
Delhi, Dec 14th-16th !

20. Simon Redfern!
@simsysims!
@OpenBankProject"
www.openbankproject.com"
"
www.hackmakethebank.com"
"
Thank You!