apidays LIVE London 2021 - Reaching Maximum Potential in Banking & Insurance with API Mindset
October 27 & 28, 2021
APIs in Finance: The Next Evolution
Banking APIs Evolution
Hector Arias, Head of Open Banking at BBVA
2. Our perspective on banking APIs back in 2014
● Off the shelf APIs
● Plug&play
● Regulatory control encapsulated
within the bank
3. We learnt soon that that isn’t the case
#2 - Operating system
#3 - Control
#4 - Core technology
#5 - Business model
#1 - No plug&play (except regulated’s)
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5. #1 - Business strategy determines the ‘shape’ of open banking
Regulatory Partnership White label
6. #2 Operating system - changes for 3rd party business models
● External API creation
process across the
countries.
● Global API catalog
management.
● Standards BBVA-wide
for API products and
partners/customers
experience.
Build Run
● TAMs working along with
customers and partners.
● Developer Center with key
functionalities for
onboarding and support.
● Monitoring processes and
tools.
● Sync among partnerships
team - TAMs - control
functions.
7. #3 Control - Regulation is obviously still there
“Use case” vs API
8. #4 Technology - Resilience to succeed in B2B2X biz models
Speed up development and deployment Same core platform across BBVA.
Connect and orchestrate the elements of the E2E services Hybrid cloud.
Early-stage Mid-stage Late-stage Traditional Corporates ...
9. #5 Business model - APIs are powerful enablers but not the
business model itself*
*except if you are running pure BaaS with white label APIs + banking charter
Innovative use cases
embedding services
cross-industries
10. We know we can’t walk alone.
Collaboration with the
ecosystem is key for us.
Collaborative MIND