banktech for fintechs stefan weiss
TRANSCRIPT
Stefan Weiß – Head of Open Platforms
Fidor
Banktech for FinTech
Banks may have changes since then.
Banking still has to be changed.
Changes in Consumers’ Lifes in 10 Years
I want it now!
Internet
Smartphone
Tablet
Snapchat
Tinder
“This may come as a surprise but,
some of our customers do not have a drone, yet.” Ole Madsen, Spar Nord Bank
TECH IS ONLY ONE ASPECT OF FINTECH
FCA
TechSprint
April 2016
Powered by Fidor
Traditional Banks’ Biggest Challenges
Legacy Banking Systems
Regulation, Compliance
Lower IT Budgets
Inflexible Hierarchy
No Listening Culture
Fidor Create better banking
for a digital world
• Products
• Solutions
• Innovation
Fid
orO
S c
ore
Fro
nten
ds
What is fOS?
A modular, extensible
middleware with:
• Connector to CBS
• Business modules
• Local storage
• APIs for
• fOS services
• Frontends
• 3rd party services
(active and passive,
e.g. KYC, billing, …)
• Transfer schemes,
payment networks
• Federated systems
• Legacy systems CB
S
digital banking accelerator
Core Banking
Challenge
Core Banking System
FidorOS
Hit the CBS only when it’s
necessary
Import all financial
transactions
Digital Banking
Accelerator
Fidor's Digital Banking
Accelerator is a suite of white-
label ready, responsive web
and native apps, and API
enabled application modules for
Digital Banking and Community.
It provides all the standard
digital banking functionalities
and is expandable, thanks to its
modular design
It is designed to integrate and
work seamlessly with your Core
Banking System, running on-
premise in your data centers, or
in the cloud.
Fid
orO
S c
ore
Fro
nten
ds
CB
S
API
Banking
Standard Technology:
• RESTfull APIs
• JSON
• OAuth2.0
• Starter-Kits for Node, PHP, Go, Ruby
Fidor offers APIs for:
• User Management & Onboarding
• Accounts & Transactions
• Payments & Authorization
• Savings Products
• Overdrafts, Loans & Scoring
• Card Management
• 3rd Party Services
Mobile experience
API based
frontends
HTML 5, responsive and
reactive web frontends
API based
frontends
APIs are only a small part
of the offering, but for some
customers they are the
decisive element.
• Automation
• Innovation
APIs for end
customers
3rd party
integration
Approaches:
• Simple CMS listing
(good for cross selling)
• API only connection
(good for FinTechs that need
bank services)
• In-Accounts Apps in Finance
Bay (good for re-bundeling
services)
• Full integration, customer
branded (good for offering
re-branded 3rd party services
like GMT, precious metals, …)
FidorOS’ APIs and API
management support easy on-
boarding and integration of 3rd
party services.
Product Modules
FidorOS core Frontends
FidorO
S
Core M
odules
CBS
Fidor Smart
Community
•
•
•
•
•
•
•
•
•
•
Raise awareness and answer
questions
Social Networking and scoring
Members may enter and rate
financial products
Members may rate financial
experts
Members may enter savings
tips
Create community groups
Rate content, up-vote and
down-vote
Bonus System
Quality Ensurance by
Community Karma Systrem
Moderators Dashboard
Fidor Smart Banking
Fidor Community
Fidor Smart
Banking
• Smart Account, Interest
Bearing, High Yield
• Overdraft, Shot Term Loan,
Standing Orders
• SEPA Credit, DD, Mandate
Management
• Pay-in and Payout for Reference
Accounts
• Pay-in Giropay
• Global Money Transfer
• Crowd-funding, P2P Loans,
Lending
• Previous Metals, Virtual
Currencies
• Send money, precious metals,
saving certificates to mobile
numbers, email, twitter
• Send Money to Ripple wallet
• Integrates to your Core Banking
System
APPs TURN A BANK ACOUNT INTO A SMART ACCOUNT
Fidor Smart
Banking
smart
community
smart
banking
60 second promise:
Don’t waste the time of your
customers
CMS
• White-label capable CMS,
• SEO optimized
• Templates
• Revision/Version System
• Drag and drop page builder,
with 30 widgets for page
design
• Social media features
including share buttons, open
graph tags, twitter cards
• Rich text editors
• Forms
• Multi-language
• Document and File Manager
• Dictionary
• Role Management
• Integration to 3rd parties,
such as Selligent and
Novomind
Fidor CMS
Fidor
Backoffice • Provides a central
view for Customer
Service and
Administrators to
features for all fidor
OS modules
• Complete role and
rights management
for back-office users
Fidor Backoffice (API based)
Identity
Service • Central User DB
• Stores KYC data
• Single Sign On
• Provides a global
nickname service for
fidor community
instances
App Manager
(API Manager) • Provides the developer
portal for 3rd parties to
register and manage
access for their
applications and
services
• Provides authentication,
authorization, an scopes
for API access to
customers and partners
• Provides Sandbox for
testing and debugging
Register Application
Add Scopes
Download Demo Apps Use Sandbox
Access Logfiles Add Team Members
Activate Application
Fidor API and Application Manager Environment (App Manager)
Analytics
• Powered by qlikview
• Configurable and
customizable
dashboards with near
real-time updates
Fidor Analytics Dashboards
Scoring
• Fidor to develop a Scoring
and Decision Engine
• Designed to easily connect
with 3rd party systems,
specific to each market
• Provides advanced
capabilities for business
users to manage rules and
scorecards.
Loyalty
• Fidor Loyalty Service
• Captures customer
interactions and events to
reward loyalty points
• e.g. rewards for
completing KYC, first card
transaction, referrals
Fidor Smart Banking
Loyalty in
Fidor Community
Cards
Gateway • Processes all card
operations, including
ordering, activation,
renewal, authorizations,
clearings, limits, etc…
• Provides a standard
interface for card
transactions
Fidor X
• A next generation frontend
template for digital banking
• HTML 5, responsive and
reactive
• fidorX is a project
accelerator, designed
around standard and easily
adoptable technologies
• All fidorX code delivered as
a template
• Customers can get started
quickly in customizing
fidorX – low learning curve,
barrier to entry, and no
proprietary technologies
• Fully API driven, using API’s
of community and banking
FidorX (Vision) – the new API driven front-end
PSD2, X2A, Open Banking Regulation: Threat or Opportunity?
BANKS & FINTECH
p. 40
THANK YOU FOR
YOUR ATTENTION!
Stefan Weiß MBA
Head of Open Banking Platforms
@weiss2go
Munich – Berlin – London – New York - Dubai
www.fidor.com