how apis & emerging global standards create opportunities for software developers & experts...
TRANSCRIPT
How APIs & emerging global standards create opportunities for software developers & experts in FinTech
A case study of Payments Components' services & solutions for financial transactions
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APIs & Global StandardsThe building blocks of innovation & disruption
We’ve seen this before…It’s not unique to software but rather a trait of technology
The winds of change in FinTechThe new face of corporate & consumer transactions
Payment ComponentsWho we are, Products & Solutions, Challenges moving ahead
OpportunitiesFor software developers & domain experts
www.paymentcomponents.com
APIs & Global StandardsThe building blocks of innovation & disruption
›The Technology curves are intertwined & perpetual
›Technology thrives & accelerates using› Common infrastructure› Communication protocols / standards› APIs› Low code / platforms
›It all goes back to one of the most powerful “tools” one can employ
The Power of Abstraction & Componentization
vs
The
“Atla
s” m
ode APIs &
Standards
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TCP/IP
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www.paymentcomponents.com
IAB OpenDirect
IAB OpenRTB
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We’ve seen this BeforeIt’s not unique to software but rather a trait of technology
1908 Moved to another conutryproduced by Ford Motor Company. It is generally regarded as the first affordable automobile. Some of this was because of Ford's efficient fabrication, including assembly line production instead of individual hand crafting. 16.5 million sold
1886Built by Karl Benz, widely regarded as the world's first
automobile. Approximately 25 produced
The car Industry
The Benz Patent-Motorwagen
The Model T by Ford Motor Company
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We’ve seen this BeforeIt’s not unique to software but rather a trait of technology
2nd half of 20th century The oil crisis combined with the continuous specialization
needed for more advanced components leads big manufacturers to start outsourcing the development & production of specific parts to 3rd parties.
1st half of 20th centuryThe gradual rise of big automotive conglomerates,
following the vertical production / integration approach. Smaller manufacturers (coachbuilders) gradually diminish
& go almost extinct.
The advent of the big automotive players
The outsourcers - Componentization
21st centuryCustom coach-building back in style
Smaller expert / niche manufacturers make a come back fueled by the proliferation of standard parts.
The arguably most succesful newcomer / disruptor in the field is Tesla. It’s first car the Tesla roadster was based on
a Lotus Elise body utilizing many standard parts. 2500 Tesla roadsters have been sold.
www.paymentcomponents.com
The winds of change in FinTechThe new face of corporate & consumer transactions
Internet “e-
Transactions”Sweeping the globe as a
result of eCommerce boom & the gradual shift to
eBanking
ISO 20022ISO 20022 is an ISO standard for
electronic data interchange between financial institutions. It describes a metadata repository
containing descriptions of messages and business processes,
and a maintenance process for the repository content.
SEPAThe Single Euro Payments Area (SEPA) is a payment-integration initiative of the European Union
for simplification of bank transfers denominated in euro.
SWIFT the Society for Worldwide Interbank Financial Telecommunication (SWIFT) has the mission of
creating a shared worldwide data processing and communications link and a common language for
international financial transactions.
www.paymentcomponents.com
The winds of change in FinTechThe new face of corporate & consumer transactions
Building Blocks of Payment Offerings by Banks to serve Customers Needs
Source: CapGemini Financial Services Analysis 2015
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The winds of change in FinTechThe new face of corporate & consumer transactions
Number of Non-Cash Transactions (billion), by region
Source: CapGemini Financial Services Analysis 2015
www.paymentcomponents.com
Payment ComponentsWho we are
2014
More than 25 years in
financial software
Work with the biggest
financial institutions
›25 years of high expertise in FinTech
›Payment Components LTD registered in London since 2014
›Offices in Athens & London
›We believe in fairness for all (employees, customers, partners)
Our DNA
Global ScopeWork with the biggest financial institutions
High Expertise
More than 25 years in financial software
Innovative
Keep inventing new businesses and opportunities
We are a leading provider of financial applications with expertise in international payment systems.
Messaging LibrariesProduction grade, tested, validated &
continuously updated & supported libraries allowing the creation of
FinTech applications
FinTech SolutionsReady made FinTech solutions /
applications catering to the needs of corporates. Full integration & customization to fit the clients
environment
Payment ComponentsProducts & Solutions
www.paymentcomponents.com
Messaging Libraries
Payment ComponentsProducts & Solutions
www.paymentcomponents.com
SWIFTMT
SWIFTMX
SEPA
Payment ComponentsProducts & Solutions
www.paymentcomponents.com
Our Messaging Libraries are powering solutions developed by
FinTech Solutions
Payment ComponentsProducts & Solutions
www.paymentcomponents.com
aplonCash
aplonTrade
aplonHub
BankNotes
Payment ComponentsaplonCash overview – the role of a Treasury Management System (TMS)
www.paymentcomponents.com
aplonCash
ReceivablesConsolidate receivables, map to issued invoices / clients
BalancesCreate a view across all your bank accounts & currencies. Use it to optimize payments & transactions costs
PaymentsCentralize electronic payments management, authorization &
fulfillment
InsightsUnified view of cash flow cycle across
the company, full auditing trail, historic data analysis & forecasts
Corporate Bank Accounts
ERP CRM
Payment ComponentsProducts & Solutions
www.paymentcomponents.com
Our aplonCash solution daily empowers financial professionals at
Payment ComponentsChallenges moving ahead
www.paymentcomponents.com
1. RecognitionWe want to establish a corporate image recognizable by all stakeholders in our field
2. CommunityEnable direct & ongoing communication between our core team, our existing & prospective clients as well as industry stakeholders
3. InnovateContinue to proactively respond to evolution in our field
4. GrowExpand geographically & in volume of sales. Support this growth via enhancing our team in numbers & skillsets
As we have established our corporate presence, products & solutions, we are now confronting the next phase of challenges in our journey to expand & grow our business.
OpportunitiesFor software developers & experts
www.paymentcomponents.com
Explore new Business Models (e.g. e-Currencies, BitCoin
etc)
Use Financial messaging standards to develop new
applications
Enhance existing corporate systems / applications by
adopting Financial Messaging
Optimize cost of transactions, own & control Banking interface
Treasury Management Systems to consolidate transactions UI
Consolidated Advanced Insights & Analytics, Forecasting
Deve
lope
rs &
Arc
hite
cts
Domain Experts
Thank you for your attentionLet’s discuss