Bank as a Platform

1. Simon Redfern, CEO
Bank as a
Platform
Transparency as an asset
ECB Monday 19 Sept 2016

2. How similar?

3. 91

4. 78

5. 43

6. 26

7. 20

8. Our Vision
1995!
Why do we need a
Web site?!
2000! 2010! 2020!
Of course we have
a Web site!
Of course we
have an API!
Why do we need
an API?!
In the future, every bank will have an API
“By 2016, 75% of the top 50 global banks will have launched an API platform and 25%
will have launched a customer-facing app store”!
“Bank as a Platform”: Modern, open APIs accelerate sustainable and
secure customer-centric banking innovation by leveraging an ecosystem
of third party applications and services. !

9. The Open Bank ProjectWhy it's important
Current “workarounds” do not work anymore!
Non-Banking
Competitors &
#Fintech Startups!
Compete / partner using APIs!
Changing
Customer Behavior
Banks can keep up by using community and
packaged software !
Aging IT systems
Decouple and Accelerate Innovation with community,
Dev Portal and APIs!
!
Upcoming Regulation
Keep up with Regulation such as UK Open Banking and
PSD2 using out of the box solutions.!
Source: The Millennial Disruption Index, Scratch 2014 / Innovation in Retail Banking 2013, Efma-Infosys!

10. The Open Bank Project
Is an Open Source API for banks!
1/ Open Banking
API!
2/ Developer !
Community!
3/ Apps!
Open Bank Project

11. Ecosystem of Apps
...The possibilities are endless!www.openbankproject.com/apps!

12. Open Source API stack
• RESTful banking model
• Functional
• Scala in JVM
• OAuth included
• Flexible Connectors
• Metadata
• Entitlements
• AGPL & Commercial
• Github https://github.com/
OpenBankProject/

13. Developer Tools - SDKs
Apache Licensed
(Handle the OAuth flow)
https://github.com/OpenBankProject/OBP-API/wiki/OAuth-Client-SDKS

14. API Entitlements per Account

15. Guest access to Accounts

16. Metadata

17. API Explorer - Try
Explore API
in context of
the logged in
user.

18. API Explorer - Try
Explore API
in context of
the logged in
user.

19. It’s an App!

20. Select Bank

21. Select Account

22. Select View

23. Select Transaction

24. Before Get User

25. After Get User

26. Get Accounts

27. Get Transactions

28. Register as Developer

29. Logged in as a Developer

30. Before Register App

31. After Register App

32. Using REST client with Key

33. Deploy locally
Easily run OBP on laptop / cloud host
https://hub.docker.com/r/openbankproject/

34. Monitoring & Analytics

35. Past Participants
Past Participants
Our clients include leading and global tier one banks. We have setup an OBP
sandbox environment in more than 15 cities.
Customers and Past Participants
Banking Clients & Partners
Over 500 developers using the Open Bank Project API!
k

36. Simon Redfern
@simsysims
@OpenBankProject
www.openbankproject.com
Thank You