Open banking as a service

1. Where Finance & Technology meet

2. 2 FinConecta partnered with AWS to build the most robust platform to accelerate digitization of the Financial Industry FinConecta, an AWS Advanced Partner, is a global technology company that brings together digital solutions and businesses in the financial world and beyond. FinConecta’s platform, 4wrd, accelerates digital transformation and open banking, facilitating different use cases and new business opportunities. Through partnerships with IDB (Inter American Development Bank), FMO (Dutch Development Bank), Stefanini (technology / consulting firm with businesses in 40+ countries), and Prosa (the largest payment processor in the country), FinConecta has launched multiple projects that accelerate open banking and open innovation in different parts of the world, creating a global interconnected network. To learn more, visit finconecta.com For 14 years, Amazon Web Services has been the world’s most comprehensive and broadly adopted cloud platform. AWS offers over 175 fully featured services for compute, storage, databases, networking, analytics, robotics, machine learning and artificial intelligence (AI), Internet of Things (IoT), mobile, security, hybrid, virtual and augmented reality (VR and AR), media, and application development, deployment, and management from 77 Availability Zones (AZs) within 24 geographic regions, with announced plans for nine more Availability Zones and three more AWS Regions in Indonesia, Japan, and Spain. Millions of customers—including the fastest-growing startups, largest enterprises, and leading government agencies—trust AWS to power their infrastructure, become more agile, and lower costs. To learn more about AWS, visit aws.amazon.com. Behind Open Finance Platform

3. 3 Open Banking Update Open Banking is the standard, by mandate and by choice 1. Hype Cycle for Open Banking APIs, Apps and App Stores, Gartner 2015 ● Enacted ● Active consideration 2. National Australia Bank, Commonwealth Bank, Australia and New Zealand Banking Group, Westpac Europe: UK CMA Open Banking Standard and EU PSD2 came into force in January 2018. USA: Industry groups developed frameworks for common open banking standards Brazil: The central bank is advancing with the design of an open banking model. Mexico: Continues to be the open banking hotspot for LATAM; FinTech Law requires Mexico to publish an open banking standard by March 2020. Singapore: Monetary Authority published an API framework for governance, implementation, use cases, and design principles. Australia: The four major banks2 in Australia must make banking data available to third-party providers by June 2019. Hong Kong: The Open API Framework includes a four-phase approach for banks to implement open API functions. Japan: Bank of Japan amended the Banking Act, calling for 80 Japanese banks to open their APIs by 2020. Open Banking Standards Africa: Central Bank of Nigeria places open banking on its Payments Vision Statement (PSV) 2030, eﬀorts by Open Banking Ng is to partner with multiple players through a formal initiative; Fintechs pushing Open Banking in South Africa; Eﬀorts underway in Rwanda based on PSD2 model. Israel: Open Banking regulations to be launched in 2021

4. Our Solution Open Finance is a turnkey solution that provides Financial Institutions with the infrastructure for the transition to a more digital business, open banking and allow easy integration to third party providers. Simplify selection and integration of Fintechs and accelerate the adoption of multiple Open Banking business models. Overview Open Finance Collaboration with 3 party providers is key for a successful business model. Financial Institutions around the world are eager to learn how to transform digitally, simplify the selection and integration of Fintechs, and accelerate the adoption of multiple Open Banking business models. Open Banking Landscape Along with Open Banking (and now Open Finance), the API economy has opened the door to more advanced and dynamic collaborative styles. Through these API-enabled business models, banks are beginning to transform themselves from infrastructures that oﬀer individual services to robust platforms that oﬀer full digital capabilities.

5. 5 Traditional Model One single connection facilitates the integration of several solutions Point to point connections where each solution requires new and separate integrations Open Finance Model How do we do it? We connect Open Finance oﬀers a unique integration model through one single integration, accelerating time to market at a fraction of the cost. Integrations are securely done through FinConecta’s proprietary engine 4wrd

6. Open Finance’s engine 4wrd delivers simple, fast, and eﬀicient integration capabilities, to expand business models and create new revenue streams, at a fraction of the time and the cost. 4wrd main beneﬁts ● Single integration, access to multiple solutions ● Launch applications up to 10 times faster ● Build an ecosystem and bring together multiple players ● Create new revenue streams ● Reduce costs 6 Platform Features

7. 7 Engine’s modules 4wrd is FinConecta’s proprietary middleware and is built on the foundation of the most modern and reliable technological infrastructure of APIs and ESB, creating a modular, flexible and scalable structure capable of supporting open architecture models. Store Online catalogue featuring a premium array of solutions. API Gateway A platform that administers APIs and facilitates the integration of third party solutions. Sandbox provides a secure environment for testing before going into production. Data Lake. A centralized repository that allows the storage of all structured and unstructured data to enable diﬀerent types of analytics.

8. 8 Open Finance functional architecture End-Users Approved 3rd Party providers CoreSystems API’s Marketplace (Fintech Ecosystem) Developer Portal Open Finance Platform Integration Services Own B2B/B2C Marketplace

9. 9 Improve Customer Experience & Expand Product Base Continuously improve innovation and services, by oﬀering new products to customers Open APIs and Management Tool Normalization of API’s - PSD2 regulatory requirements and position as a leader and facilitator of Open APIs Time to Market Accelerate the digitization process and time to market (from months to weeks) Additional Revenue Expand opportunities by unlocking new business models Capex vs Opex Deploy solutions at a fraction of the cost of traditional integration projects. Pay a PaaS-type monthly subscription services The Value behind Open Finance Compliance & Security Platform is secure, simple and fast. Governance is compliant in a dynamic ecosystem. Infrastructure is scalable and modular

10. z 10 Financial Marketplace Categories BUSINESS FINANCIAL MANAGEMENT • Financial Mngt Training • Payables Administration • Receivables Administration • Reconciliation Tools • Supply Chain Finance DATA SOLUTIONS • Data Analytics • Big Data • Data Aggregation COMPLIANCE, IDENTITY & ACCESS MANAGEMENT • Access Management • Application Fraud Detection • Customer Onboarding • Enterprise Fraud Management • Identity Management PROCESS DIGITISATION & LIFECYCLE MANAGEMENT • BPM - Retail • BPM - SME / Corporate • Document Capture • Cash Supply Chain Management • Collections • Virtual ATM PAYMENTS & PAYMENT PROCESSORS • Local Payments • Merchant Payments • Mobile Wallets • P2P Payments • Payment (Bill Aggregation) • Remittances DIGITAL BANKING • Agency Banking • Internet Banking • Mobile Banking PERSONAL FINANCIAL MANAGEMENT • Financial Education • Savings and Budgeting • Tax Filing Support Tools • Robo Advisor RISK MANAGEMENT: CREDIT SCORING & COLLECTION • Alternative Credit Scoring • Collection Services • Credit Analysis • Portfolio Management • Sensor and/or Image-based Scoring • Transactional Credit Scoring CUSTOMER ENGAGEMENT • Chatbot • CRM • Loyalty Programs • Messaging (Email, SMS, etc.) • Messaging (Video) CORE SYSTEMS Online catalogue featuring a premium array of vetted AWS Fintech digital solutions. CYBERSECURITY

11. 11 Scale, elasticity & Real-time processing Open Banking / Finance success is linked with data and capacity to process large volumes of data in real-time. The number of transactions and data sources will significantly increase as Open Banking develops. Cloud will support banks to manage those volumes of data and provide real-time processing Role of the cloud in Open Finance Decrease Costs It is diﬀicult to predict what would be the data volumes, usage patterns and how regulations will evolve during the next several years. Therefore, banks can avoid upfront infrastructure costs by using cloud technology Secure environment Security and Compliance are the highest priorities Microservices oriented architecture At a time when banks are seeking to boost their agility and shorten time-to-market for new services, open banking oﬀers a unique opportunity to do things in new, modern ways. Banks can break away from their monolithic technology to microservices oriented architectures

12. 12 PaaS / SaaS Fee Structure One time payment Monthly Monthly

13. 13 Let’s connect! Betty DeVita Chief Business Oﬃcer FinConecta betty@ﬁnconecta.com Lior Goddes Enterprise Team Lead Amazon Web Services liorg@amazon.com (+972-52) 5819 696

Open banking as a service