The Tao of Banking APIs

Ismail Chaib
Session: APIs in Financial Services
API Strategy & Practice Conference, Amsterdam 2014

Transcript

1. The Tao of Banking APIs Ismail Chaib - @OpenBankProject
2. Background • COO Open Bank Project • Joined early! • Built a Telco API startup before • Tweet @iChaib
3. Opportunities
4. Threats
5. No longer a pioneer thing…
6. Key challenges… • Security • Ability to scale and monitse • API that developers use
7. The Open Bank Project is an open source API and App Store for banks and a community of developers using it Our solution
8. API and App store for Banks OBP API Bank’s Legacy IT System Bank’s Customers Provided by their bank OBP App Store 3 2 1 (On different platforms) Use innovative financial apps Card-linked offers Cash management Accounting ERP KYC CRM Crowdfunding jQuery Savings Gamification Data Visualisation Advisory PFM AML Anti fraud Regulation Your bank’s data center / cloud How it works Open Bank API fosters a customer-centric open innovation ecosystem
9. Love Insurance
10. Selfie Bank Selfie Bank Register 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
11. KidsView
12. Mortgage Masher
13. 2000 banks +100 developers 17 apps
14. Ismail Chaib ismail@tesobe.com www.openbankproject.com Thanks