Nets | Startup Day - Fintech + Open Banking The banking industry is up for disruption, or in the process of being disrupted as some might say. On May 22nd fintech-startups and incumbents met at Kulturhuset to discuss open banking and show examples of how new services will shake up the game.

1. TOWARDS OPEN BANKING
May 2017
Georg Olav Ramstad

2. 240+ banks
30,000+
online
merchants
300,000+
merchants
240,000+
corporates
35 million
cards on
platform
2
THIS DOCUMENTATION AND ALL INFORMATION CONTAINED HEREIN IS STRICTLY
CONFIDENTIAL AND SHALL NOT BE DISCLOSED TO ANY THIRD PARTIES NOR SHALL
IT BE USED FOR PURPOSES OTHER THAN THAT FOR WHICH IT HAS BEEN SUPPLIED.

3. 3
Merchant
PISP
Merchant
bank
Customer
API
Customer
bank
AISP
Customer
bank
Customer
bank
Customer
bank
Customer
THIS DOCUMENTATION AND ALL INFORMATION CONTAINED HEREIN IS STRICTLY
CONFIDENTIAL AND SHALL NOT BE DISCLOSED TO ANY THIRD PARTIES NOR SHALL
IT BE USED FOR PURPOSES OTHER THAN THAT FOR WHICH IT HAS BEEN SUPPLIED.
API
Payment Initiation Service Account Information Service

4. 4
Merchant
PISP
Merchant
bank
Customer
API
Customer
bank
NAAS
AISP
Customer
bank
Customer
bank
Customer
bank
Customer
API
API
API
Payment Initiation Service Account Information Service
THIS DOCUMENTATION AND ALL INFORMATION CONTAINED HEREIN IS STRICTLY
CONFIDENTIAL AND SHALL NOT BE DISCLOSED TO ANY THIRD PARTIES NOR SHALL
IT BE USED FOR PURPOSES OTHER THAN THAT FOR WHICH IT HAS BEEN SUPPLIED.

5. The NAAS platform provide a number of advantages
5
TPP
AS-
PSP
PSD2 Compliance Nordic bank reach
 Convenient bank reach
 Reduced time to market
 Reduced complexity
 Free up IT-resources
 Closer integration with AS-PSP
 Value added services
 Open Banking platform
 Cost efficient PSD2 compliance
 Secure time to market
 Reduce risk
 Economy of scale
 Free up IT-resources
 Value added services
 Open Banking platform
THIS DOCUMENTATION AND ALL INFORMATION CONTAINED HEREIN IS STRICTLY
CONFIDENTIAL AND SHALL NOT BE DISCLOSED TO ANY THIRD PARTIES NOR SHALL
IT BE USED FOR PURPOSES OTHER THAN THAT FOR WHICH IT HAS BEEN SUPPLIED.

6. 6
THIS DOCUMENTATION AND ALL INFORMATION CONTAINED HEREIN IS STRICTLY
CONFIDENTIAL AND SHALL NOT BE DISCLOSED TO ANY THIRD PARTIES NOR SHALL
IT BE USED FOR PURPOSES OTHER THAN THAT FOR WHICH IT HAS BEEN SUPPLIED.

7. The NAAS platform will support open banking services
7
Free APIs
Commercialised
APIs
Open
Banking
Online
banking
THIS DOCUMENTATION AND ALL INFORMATION CONTAINED HEREIN IS STRICTLY
CONFIDENTIAL AND SHALL NOT BE DISCLOSED TO ANY THIRD PARTIES NOR SHALL
IT BE USED FOR PURPOSES OTHER THAN THAT FOR WHICH IT HAS BEEN SUPPLIED.

8. FinTechs can benefit from working with Nets in a number of ways
Use our broad product portfolio to build new value-added
services
Increase scale through our network of banks, merchants,
corporates, and public sector companies
Utilize our standards for a competitive and less expensive
transition to Nordic and international markets
Use our organization, skills and local knowledge to build and
optimize your solutions and jointly bring new offerings to the Nordic
marketplace
8
THIS DOCUMENTATION AND ALL INFORMATION CONTAINED HEREIN IS STRICTLY
CONFIDENTIAL AND SHALL NOT BE DISCLOSED TO ANY THIRD PARTIES NOR SHALL
IT BE USED FOR PURPOSES OTHER THAN THAT FOR WHICH IT HAS BEEN SUPPLIED.

9. Nets is geared to collaborate with FinTechs across the Nordic region
www.nets.eu/pages/fintech-partner.aspx
9
THIS DOCUMENTATION AND ALL INFORMATION CONTAINED HEREIN IS STRICTLY
CONFIDENTIAL AND SHALL NOT BE DISCLOSED TO ANY THIRD PARTIES NOR SHALL
IT BE USED FOR PURPOSES OTHER THAN THAT FOR WHICH IT HAS BEEN SUPPLIED.