@FinTechShow - 2018.05.03.

1. PICTURE BY KUSTER & WILDHABER PHOTOGRAPHY, FLICKR
FinTechShow, Budapest
May 3rd, 2018
FIGO AT FINTECH SHOW BUDAPEST
INSIGHTS FROM A “BANKING SERVICE PROVIDER”

2. About us
figo
- Based in Hamburg/Germany with >50 employees
- Founded in 2012 as Mobile Banking App
- Now leading Banking API provider in Germany
- “Friendly man in the middle”
Lars
- First FinTech job in 2012, joined figo during pivot in 2013/2014
- Responsible for RegShield & Hackathons

3. What is figo providing?

4. figo enables unified access to all financial sources
financial sources
> 3.200
Banks
Credit Cards
Assets/
Broker
Multibanking
in web & app
Risk management
Scoring
User verification
Account switching
Invoicing tools
Use Cases
Banks, FinTechs and others
API
Auto
Sync
Categori
-zation
Payment
Notifi-
cations
HBCIAPISWEBSCRAPING
figo inside technology

5. Aggregation of all
financial sources
into one product
Verification of
IBAN or account
owner name
Initiation of
bank transfers
Identify and
tag relevant
transactions
Our products today

6. What are the external drivers for figo’s business?
APIs make development cheaper for new
services & enable strong sales
ecosystems. Best examples:
The open bank is already getting realised by
some banks. Business models change.
Wants digital services, which suit
him, his context and his lifestyle.
Financial services must find ways
to fullfil these expectations.
Regulation forces the banks to
open up to promote innovation
and competition.
Regulation API
Economy
The
consumer
Open
Banking

7. What is an API?
Past
• A (easy) way of developing
• Chance for cost cutting
• Were treated as an interface
• Mindset: APIs are like normal IT
Pure technology
• Decision on C-Level
• Core assets of the company can be shared and
accessed
• Increases: reach, features, context and innovation
• Mindset: APIs are a business model
Now Business model

8. #figoInside: Solutions powered by figo

9. Startups&FintechsNonBanksBanks
figo’s partners

10. Quick facts figo usage Stats
Category Bank Product aggregator & initiator Since Jan 2017
Target group End consumers Access Ongoing
URL Deutsche Bank
1) Users of Deutsche Bank mobile and web banking can
connect financial accounts from other banks as well.
2) User has to enter credentials of these bank
accounts during “multi-banking” setup.
3) Deutsche Bank provides overview and payment
functionality for all financial accounts and not only own
accounts.
Deutsche Bank App “Banking neu erleben”
Integration of figo

11. Quick facts figo usage Stats
Category Remittance service Product verifier (AIS) Since Mar 2017
Target group End consumers Access One time
1) User selects bank transfer as payment
option to send money abroad
2) User enters credentials 3) Confirmation that IBAN is verified,
user can transfer money now
Transferwise “Transfer money abroad.”
Integration of figo

12. Bankathon = The Bank-Hackathon
Do not think too long, just try it.
Realising ideas and trying them out.
Ideas become Start-ups.
figo is a central hub & promotes the
community
Bank
FinTech Trust
Inspiration
Developer Ideas
Cooperation is the main winner in platform economics. The artists of our time are developers. figo
creates the ideal stage for new ideas and inspiration for all participants through the Bankathon.

13. What is our current focus?

16. ADDRESS
figo GmbH
Gaußstraße 190c
22765 Hamburg
WEB
www.figo.io
@figoAPI
Let’s change the way we bank today!
LARS MARKULL
E-MAIL:
MOBILE:
TWITTER:
LM@FIGO.IO
+49 151 50 580 510
@LARSMARKULL