"The open data movement in FinTech: The biggest change in consumer banking", Lars Markull, Head of Business Development at Figo YouTube Link: https://www.youtube.com/watch?v=RslYJuk9xt4 Watch more from Data Natives 2015 here: http://bit.ly/1OVkK2J Visit the conference website to learn more: www.datanatives.io Follow Data Natives: https://www.facebook.com/DataNatives https://twitter.com/DataNativesConf Stay Connected to Data Natives by Email: Subscribe to our newsletter to get the news first about Data Natives 2016: http://bit.ly/1WMJAqS About the author: Lars Markull is Head of Business Development at figo. figo is offering a banking API which enables every developer to implement financial features into its own service. Lars is actively involved in the FinTech space and is a strong supporter of APIs in the financial industry.

1. Picture by Kuster & Wildhaber Photography, flickr
THE OPEN DATA MOVEMENT IN FINTECH:
THE BIGGEST CHANGE IN CONSUMER BANKING?
November 2015
Berlin
Data Natives

2. @LarsMarkull
2
› Banking Service Provider “figo” (www.figo.io)
› Responsible for FinTechs and Developer on
our API
› Background: Traditional banking and in
#FinTech since 2012

3. Banking in the past

4. Online banking users Banks
Bank 1
Bank 2
Bank n

5. Bank BBank A
Customers
Products

6. Making change happen:
PSD2 by European Union

7. Third party
services
Bankin
g apps
Financ
e
Payme
nt
Risk
mgmt.
Third
Party
Provider
AIS
PIS
DCS
DCS
DCS
PSD2: Access to bank accounts
Bank 1
Bank 2
Bank n
ASPSP
ASPSP
ASPSP
Online banking users Banks

9. What does that mean?
#Innovators

11. 010010101001010100101010010101010101010100100101010010101001010
001001010100010101010101001010101001010010010101001010100101010
Jane Doe
User
identification
Investing
services
B2B
tools Account switching
tools
Comparis
on
Account
aggregati
v
Payment
services
€
Financial
forecast
Algo

12. What does that mean?
#Banks

13. Bank BBank A
Customers
Products

14. Displaced,
diminished &
disintermediated

16. Proof
of
conce
ptStep 1 Step 2 Step 3 Step 4
Account
aggregati
on
Open
API
Banking
App
Store

17. Curated developers,
partner services and
bank own services
Bankin
g apps
Financ
e tool
Paymen
t
Risk
mgmt.
Service
Online banking users Bank
Bank branded Banking App Store
Open API
Service
Service
Bank
system

19. Lars Markull
E-Mail:
Mobile:
lm@figo.io
+49 151 50 580 510
Address
figo GmbH
Burchardstr. 21
20095 Hamburg
Web
www.figo.io
@figoAPI
Let’s change the way we bank
today together!