the tao of banking apis - open bank project
DESCRIPTION
Why banking APIs? What's it for banks? Summarizing opportunities and threats for banks and exploring the Open Bank Project API.TRANSCRIPT
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The Tao of Banking APIsIsmail Chaib - @OpenBankProject
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Background
• COO Open Bank Project
• Joined early!
• Built a Telco API startup before
• Tweet @iChaib
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Opportunities
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Threats
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No longer a pioneer thing…
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Key challenges…
• Security
• Ability to scale and monitse
• API that developers use
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The Open Bank Project is an open
source API and App Store for banks
and a community of developers using it
Our solution
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API and App store for Banks
OBP API
Bank’s Legacy IT System
Bank’sCustomers
Provided by
their bankOBP App Store
3
2
1
(On different
platforms)
Use innovative
financial appsCard-linked offers
Cash management
AccountingERP KYCCRM
Crowdfunding
jQuery
SavingsGamificationData
Visualisation
Advisory PFMAML
Anti fraudRegulation
Your bank’s
data center /
cloud
How it works
Open Bank API fosters a customer-centric open innovation ecosystem
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Love Insurance
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Selfie Bank
Selfie BankRegister for Selfie & take several ‘Selfies’
Register for Selfie & take several ‘Selfies’
Take Photo and Click Pay
App Sends Photo and amount to Pay
Selfie matches photo to the Account and Pays
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KidsView
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Mortgage Masher
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2000 banks +100
developers
17 apps