api is the new black - fintech connect live 2016

Elias GagasChief Digital Officer

1 2 3

Financial Messaging Libraries for

SWIFT, SEPA & ISO20022 standards

Messaging standards

API Framework

1. Bespoke Projects Development

2. Treasury Management System

3. PFM

4. Card Processor Core System

Innovation + R&D

API is the new digital language

Banks need to speak it fluently,

or risk becoming isolated and eventually

disintermediated, by API native speakers.

API is a new channel

API

TMS

PFM

?

???

AISPPISP

It’s not a question of if, or when.It’s how many of them.

Banks have the opportunity to learn

from the techniques & practices

of Internet Giants (amazon, google etc.)

The Bank of the Future

Inter-Connected

OpenAPIs

Everyday Bank

PlatformBaaSBaaP

Build

To “Play” the API game you need to

Manage Distribute

APIs to Core Systems

Integration

API SandboxDevelopers Portal

APIsRuntime

API Management

FinTechDevelopers

Financial Institution

ClientApplications

API Analytics

BankingCore

Systems

PSD2 = APIs

Open Banking = APIs

The EU, via PSD2, is leadingthe Open Banking movement

The API movement is HUGE!

You can now reach:

Your customers + FinTech ecosystem

PSD2 is not complianceits your biggest opportunity

Of Banks have either already

launched, or plan to launch within

the next 12 months, an API initiative

Banks are already workingon APIs!

Source: More Banks Working on APIs in 2016, But Bureaucracy Remains a Problem | Bank Innovation

78%

It needs a multidisciplinary team & skills / tools

Technology + Business + Marketing

APIs are not about technologyit’s about your Business, Re-Imagined

64 Princes Court , 88 Brompton Road , Knightsbridge, London SW3 1ET, United Kingdom | Tel. : +44 2071172538 | www.paymentcomponents.com

@paymentcomp

FinTech API Experts