apidays Dubai & Middle East 2022 - Open Banking and Digital Transformation - The Road Ahead June 29 & 30, 2022 Future of Finance is Open Sanjeev Kumar, Founder at Whitesight ------------ Check out our conferences at https://www.apidays.global/ Do you want to sponsor or talk at one of our conferences? https://apidays.typeform.com/to/ILJeAaV8 Learn more on APIscene, the global media made by the community for the community: https://www.apiscene.io Explore the API ecosystem with the API Landscape: https://apilandscape.apiscene.io/ Deep dive into the API industry with our reports: https://www.apidays.global/industry-reports/ Subscribe to our global newsletter: https://apidays.typeform.com/to/i1MPEW

1. @whitesight_ © 2022 WhiteSight 0
© 2022 WhiteSight.
The next wave of FinTech Evolution
The Future of Finance is Open
Sanjeev Kumar
Founder & CEO, WhiteSight

2. 2022 SERIES OF EVENTS
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JULY
(HYBRID)
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SEPTEMBER
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APRIL
(VIRTUAL)
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MARCH
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DECEMBER
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London
OCTOBER
(HYBRID)
Hong Kong
AUGUST
(VIRTUAL)
JUNE (VIRTUAL)
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MAY
(VIRTUAL)
APRIL (VIRTUAL)
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JUNE
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3. @whitesight_ © 2022 WhiteSight 1

4. @whitesight_ © 2022 WhiteSight 2
The Rise of Open Finance
2015 2016 2017 2018 2019 2020 2021 2022
Regulatory
Interest
Bank
Initiatives
FinTech
Adoption
Investor
interest
M&As
New
Entrants

5. @whitesight_ © 2022 WhiteSight 3
Open Finance Becomes a Global Phenomenon in 2022
Key events during January to May 2022 around Open Banking and Open Finance

6. @whitesight_ © 2022 WhiteSight 4
*This is an indicative and non-exhaustive list.
Acquisitions Funding Partnerships
Product
Regulatory Initiatives
Open Finance Make Giant Strides in 2022
(Notable activities from January to May 2022)

7. @whitesight_ © 2022 WhiteSight 5
Open Banking
Data sharing from personal
accounts (Savings, a/c Debit card
a/c)
Open Finance
Data sharing for loan a/c,
joint a/c. investment a/c,
overdrafts and direct debits
& scheduled payments
Open Economy
Talks of Open Data
Economy (CDR brings
Open Energy)
Phase -1 Phase -2 Phase -3
Open Payments
Users can share data from
payment accounts and initiate
payments
Open Finance
Consultation on what it
means and how to
enable it ?
Phase -1 Phase -2
Reference Data
Data sharing for bank branches
and products
Open Banking
Users can share data
from personal a/c
Open Payments
Users can initiate
payments and receive
credit offers
Phase -1 Phase -2 Phase -3
Open Finance
Users can share data about
insurance, investments,
currency exchange
Phase -4
Reference Data
Data sharing for bank branches
and products
Open Processes
FIs bring APIs for users
to apply for credit cards,
loans, insurance
Open Finance
Users can share a/c
information(Deposit, Loan,
Investment, Insurance)
Phase -1 Phase -2 Phase -3
Open Payments
Users can initiate
transactions
Phase -4
Reference Data
Data sharing for bank branches,
ATMs, and products
Aggregated Data
Statistical information such
as age and gender range for
products, loan applications
Open Finance
Data for Deposits, Loans,
investment, insurance
Phase -1 Phase -2 Phase -3
Open Finance Around the World

8. @whitesight_ © 2022 WhiteSight 6
is not a zero sum game,
there's upside for everyone
[Open Banking]
-Diana Layfield, VP, Next Billion Users, Google | May 2019

9. @whitesight_ © 2022 WhiteSight 7
Payment Initiation
Instant Payment Rails
Variable recurring
Payment
Blockchain transfers
Real-time Forex Rates
networks
FinTech
marketplace
Accelerators/
Incubators
Hackathons
Developer Portals
Regulatory
Sandboxes
TPPs
FinTechs
Embedded Finance
BigTechs
Account Data
Transaction Data
Commercial Data
Accounting Data
Payroll Data
A2A funding
Rent Data
Subscription Data
Banking License
Branch KYC
Physical KYC
Credit Bureau Data
Proprietary
underwriting models
Bank transfer
networks
Card networks
SWIFT Internal R&D Branches
ATMs
Call Centers
Own Digital Channels
Alternate
Underwriting models
e-Money License
Digital Bank license
BaaS providers
Digital KYC
Bank Accounts Credit & Finance
Payment
Transactions
Foreign
Exchange Innovation Channels
Open Rails as the Bedrock of Financial Services in the Future
Traditional Rails Open Rails
Financial Offerings

10. @whitesight_ © 2022 WhiteSight 8
Open Finance has an interplay with Future of FinTech themes
Open
Finance

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9
High
Frequency
Medium
Frequency
Low
Frequency
Open Banking
Credit Registry
Credit Bureaus
Financial
Statements
Why Open Banking is a Game Changer for Credit Decisioning!

12. @whitesight_ © 2022 WhiteSight 10
OPEN ECONOMY
Open Data
(e-Commerce, Payroll,
Utility, Healthcare)
Open Business Models
(Embedded finance,
DeFi)
Open Talent
(Gig economy,
Global Talent)
Open Experiences
(Hyper-personalized experience,
Invisible banking)
OPEN FINANCE
Open Products
(Curated marketplace,
Aggregators)
Open Processes
(Alternate credit scoring,
Flow-based lending)
Open Innovation
(Industry incubators, Sandboxes)
Open Assets
(Banking as a Service,
Compliance as a service)
OPEN BANKING
Open Accounts Information
(AISPs ,Account aggregation)
Open Payments
(PISPs, Strong customer
authentication)
Open APIs
(Customer consent,
Standard interfaces)
CLOSED
BANKING
OLIGOPOLISTIC COMPETITION RADICAL COLLABORATION
ENTERPRISE CENTRIC
ECOSYSTEM CENTRIC
Scope: Data sharing for account
information and payments
initiation
Scope: Data & capabilities sharing across financial sectors including mortgages, pensions,
investments, insurance, etc.
Scope: Data & capabilities sharing across industries including E-Commerce, Gaming, Payroll, Utility,
Healthcare, Telecom, etc.
The Open Banking Evolution: From Beginning To Beyond

13. @whitesight_ © 2022 WhiteSight 11
Close to 33% business customers have an
active Marketplace integration in August 2020
2017 2018 2019 2020 2021
Retail
Business
MARKETPLACE
INTEGRATIONS
Open Products : Starling Bank Case Study

14. @whitesight_ © 2022 WhiteSight 12
Origination Underwriting Disbursement
Servicing &
Monitoring
Collections
Alternate Credit
Scoring
Cash flow analysis
e-KYC
Derived datasets
Fraud indicators
Credit bureau
datasets
Account-based digital
disbursement
Early warning signals
Lenders: Banks, NBFCs, Fintechs
Lead Generation
Dispute management
Application
submission
Open Credit Enablement Network : Lending Value Chain Components
Automated
reconciliation
e-Mandate for
recurring payments
Cash flow based
repayments
Collection reminders
Pre-qualified offers
Fund usage
monitoring
Loan Service Providers: Tax & Legal Apps, Neobanks, KiranaTechs, Payment Gateways , KhataApps, FoodTech Apps, Transport Apps etc.
Consent-based data
sharing (AA)
Open Processes: Open Credit Enable Network

15. @whitesight_ © 2022 WhiteSight 13
UNITED STATES UNITED KINGDOM RUSSIA SINGAPORE PHILIPPINES CHINA
Small Business
Payments & CRM
Small Business
Financing
P2P Payments
Consumer Banking
& Investing
Small Business
Banking
BNPL
Cross-border
payments
Personal Banking
Business Banking
Trading & Investing
Rewards,
Donations, Travel
Personal Loans
Consumer Credit
Personal Banking
Insurance,
Business Banking
Trading & Investing
Telecom, Travel,
Entertainment
BNPL
Ride Hailing
Comprehensive
Transportation
Payments & Rewards
Food Delivery
Services
Insurance &
Financing
Digital Banking
SMS-based P2P
Payments
E-wallet &
Remittances
Credit & Investing
Savings &
Insurance
Shopping &
Entertainment
Digital Banking
E-wallet
Investment
Platform
(Yu'E Bao)
Credit Scoring
(Sesame Credit)
Credit & Insurance
Cross Border Payment
(ePass)
In-App NFT Sales
BUSINESS
EXPANSION
PROGRESSION
KOREA
Instant
Messenger
Online
Entertainment
Payments
Ride Hailing
Internet Bank
Entertainment &
Mass Media
Financial Services Lifestyle Services
INDIA
Paytm Mall
Payments Bank
Paytm First
Games
Open Economy: Merger of Financial and Lifestyle Services
Mobile Recharge
Mobile Wallet
Lending &
Insurance
Global

16. @whitesight_ © 2022 WhiteSight 14
Open
Infrastructure
FinTech-as-
a-Service
Banking Data Employment Data Accounting Data
Core Banking RegTech
Credit Underwriting API Platforms
BNPL ESG Products Digital Wealth
Digital Services Infrastructure
Data Infrastructure
Mid & Back Office Infrastructure
BaaS Tech Platforms
Full-stack BaaS Cards as a Service
Mega Banks Mid-tier Banks
Community Banks
FinTechs Brands
BigTechs
Vertical SaaS Marketplaces
Modern Financial Services Providers
Banking-as-a-Service(BaaS) Platforms
Licensed Sponsor Banks
Embedded
Finance
Open
Distribution
Open Assets
Banking-as-
a-Service
Embedded Finance Platforms
Innovation
Infrastructure
Bank-Operated
Vendor-Specific
Digital Sandbox
Open Innovation
Open Infrastructure, Open Innovation Open Assets & Open Distribution Global

17. @whitesight_ © 2022 WhiteSight 15
Open Economy: Open Network for Digital Commerce
Shift from central platform
storing and exchange of value
Many platforms in silos undemocratic and
non inclusive
Platform
Platform
Platform
Public & private
suppliers
Consumers
A decentralized network of interconnected ecosystem actor,
orchestrating flow of value
Platform agnostic inclusive and democratized
Platform
Platform
Platform
Platform
Platform
Platform
Powered by decentralised
network built on open protocols
Enter
ONDC

18. @whitesight_ © 2022 WhiteSight 16
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