THE BACKBONE OF NEXT GENERATION FINANCIAL SERVICESTHE FIRST EUROPEAN BANKING SERVICE PROVIDER

May 2015

figo for developers

Picture by: Kuster & Wildhaber Photography, flickr

1. figo in a nutshell

2. Use cases

3. Relevant facts for developers

4. Contact

What we believe in Disruption reaches banking

› Financial data is powerful › But banking in the right context is required!

› Traditional banks are not necessarily the best player to offer certain services

› Now is the right time for change

Problem No access for developers

Service

Banks

>500 days without figo

Existing financial interfaces are:

› Complex & Complicated

› Fragmented

› Differ significantly from each other

› Old-fashioned

As a result:

Service providers often forgo implementation!

Our solution Banking Service Provider

2 days

› Instead of connecting to every single financial source on your own, just use one powerful API for every source (Germany: >98% banks and financial service providers)

› Every type of data and every transaction

› Can be implemented in every service Service

Banks

figo Connect API

figo Connect API 3100+ sources

Credit cards

Saving accounts

Debit cardsWallets

FinTechs

Saving contracts

Securities

Loans

Current accounts

Cash accountsBrokers

Banks

FinTech

PayPal

Bitcoin

Massive number of use cases

Wallets

User verification

P2P Payments

Tax services

Credit scoring

Scan and Pay

Mobile Banking

Insurances

Apps

Wealth Mgmt

Toolkit for banks

Loyalty

SME tools

One API for lots of use cases

figo Connect API more than a simple API

Notifi

catio

nSync-API

Event-API

REST-API

Auth-API

E-Mail

SMS

Push

WebhooksHBCI/FinTS

WebScraping

Custom API 1 … n

XML / OFXImpo

rter

API-S

erve

rUser-Data Management Access-Data

SDKs

Ruby

PHP

Java

Python

node

.net

Hosting

3100+ sources

Credit cards

Savings account

Debit cards

Account transactions

Account owner

Historical transactions

Account balance

Massive number of use cases

User verification

P2P Payments

Switch bank account tool

Credit scoring

Scan and Pay

Mobile Banking

Wealth Mgmt

Toolkit for banks

Historical transactions

Different bank & account types

ExpensesCurrency

Quantity accounts BIC

Earnings

Account balance IBAN

Possibilities today A lot of opportunities

All types of account transactions

Bank transfer All kinds of TAN methods

Bank icon

Name of account owner(s)

Possible information to extract today

Possible functions to implement today

3100+ sources

Credit cards

Savings account

Debit cards

Account transactions

Account owner

Historical transactions

Account balance

Massive number of use cases

User verification

P2P Payments

Switch bank account tool

Credit scoring

Scan and Pay

Mobile Banking

Wealth Mgmt

Toolkit for banks

Direct debit

Scheduled transfers

Possibilities tomorrow* And more to come

Overdraft facility

Purpose codes

Name of payment partners

Qty. direct debit authorizations

Existing standing orders

Standing orders Collective transfers Scheduled transfers

Possible information to extract in the future

Possible functions to implement in the future

* These features will be implemented in the following months

1. figo in a nutshell

2. Use cases

3. Relevant facts for developers

4. Contact

Selected partners figo’s API creates new products and revenue streams for partners

Without figo Kontoalarm would have been required to invest an additional year of technical development.

Without figo Auxmoney would not be able to perform real time scoring.

Without figo Lendstar would not be able to operate with their existing model.

… and more than 160 other developers and partners

Banking app Scan & Pay app Scoring, identify & money transfer

Account switch service Banking & customer identification

Open position management

Portfolio and multi-banking P2P payment POC platform

Christopher Kampshoff, CEO Lendstar

Raffael Johnen, CEO Auxmoney

Bernd Storm, CEO Kontoalarm

Best practice: Auxmoney Real time scoring based on figo Connect API

Best practice: Kontoalarm Smart banking to identify non-required subscriptions based on figo Connect API

Best practice: organize.me Scan and pay your bill with one single app based on figo Connect API

Bankathon - Banking Hackathon 90 developers, 15 banks and 15 existing FinTech startups

26-28 APRIL 2015 // FRANKFURT AM MAIN

› Bankathon brought hackers, banks and API providers into one room to “code the future of FinTech”

› Bankathon showed the relevance of bank data and APIs

› figo was often used as a quick start for new products

› Out of 27 ideas 20 used the figo API for various use cases

› More information: www.bankathon.net

1. figo in a nutshell

2. Use cases

3. Relevant facts for developers

4. Contact

figo is a Banking Service Provider

› European Union is currently regulating third party access to bank accounts (PSD II - “Access to bank accounts”)

› figo provides a conformable to PSD2 service which allows third party services to connect to customer bank accounts through the figo financial ID

› Developers are able to focus on their core product while figo takes care of the access to bank account

› What Payment Service Providers are to e-commerce companies, Banking Service Providers will become for banking related companies

Third Party Services

Banks

Banking Service Provider

Regulation figo is more than just a banking API

Security Safety and data protection are guaranteed

› Login data is stored separately from any other data

› All data concerning individuals will remain anonymous

› A256-bit AES encryption

› SSL encrypted data transfer

› Infrastructure is fully hosted in a German bank data center

› End users decide which partner can access his data

› End users decide if banking credentials should be saved or not

Pricing We know our partners very well and our offering is tailored to their needs

› No fees for single developers (non-commercial use) › Fees for commercial use either based on API call or

per user (monthly flat)

Tailored

For e

very

size

per user< 1 € per user/month (*)

per API call< 0,25 € per call (*)or

+minimum fee per month

(>100 €/month)

(*) price depends on number of user/transactions and required functions

How to get started? Test our API!

‣ Overview of your possibilitieshttp://figo.io/

‣ figo Connect REST API documentation http://docs.figo.io/ (including demo access)

Information

‣ You can receive a Client ID for the full use of our API

‣ Free of charge and without obligation!

‣ Just contact uscontact@figo.me

Developer Key

‣ figo Connect SDKshttp://docs.figo.io/

‣ For different programming environments: PythonRubyNode.js PHPJava.net

IntegrationGoing live Start

‣ Who needs to pay for the use of our API?

Only partners who are using the API in a commercialise way need to pay a certain monthly fee (and only if the service is live). Developers can use the API with an own Client ID free of charge!

‣ How many banks and financial services are connected to figo?

In Germany we are connected to over 99% of all relevant banks and financial service providers. Furthermore, first foreign banks (AUT) are implemented as well.

‣ How can I access the figo API?

Depending on your use case you will have different ways (web, mobile, offline, …) to access our API. Please refer to http://docs.figo.io/#authentication to find an overview of what your possibilities are.

‣ Does figo automatically updates transactions in its finIDs (=figo accounts)?

Yes, all finIDs (=figo accounts) are being updated multiple times per day.

‣ Do I need to use my own bank account credentials for testing the API?

No, you can use our “demobank”. Just enter the bank rooting number 90090042 while adding a new bank account, and you will find all required information.

FAQ

1. figo in a nutshell

2. Use cases

3. Relevant facts for developers

4. Contact

Who we are - the team Over 30 years experience in FinTech

André M. Bajorat Joachim Penk Lars Markull Sebastian Tiesler

› Exec. consultant in finance & payment › VP Product Marketing, CEO

at NumberFour › Managing Director at giropay and Star

Finanz

› Freelance Software Developer › Co-Founder (CTO) fwd.io › Co-Founder (CTO) Mikestar

› Shortcut Ventures › SumUp

› Head of Mobile Solutions at Star Finanz a Company of Savings Banks Finance Group

› Senior Account Manager at Star Finanz

› G&J Multimedia Ventures

Heiko Rahlfs

› Consultant for Organization, Processes & Finance

› Successful projects for Deutsche Telekom, O2, ProSiebenSat1, Lufthansa

› Relationship Manager Corporate Finance at Dresdner Bank AG

CEO Technology Business Dev & DevCom Product & Sales Finance & Operations

Lars MarkullE-Mail: Mobile:

lm@figo.me +49 151 50 580 510

Address figo GmbH Burchardstr. 21 20095 Hamburg

Web www.figo.io http://docs.figo.io/ @figoAPI

Let’s change the way we bank today!