Open apis are changing the next Generation of Financial services - Startplatz 5.2.15
1. 1
Open APIs are changing the next
generation of ďŹnancial services
Startplatz, Cologne, 05.02.15
2. AndrĂŠ M. Bajorat
⣠Consultant, Business Angel, Co-Founder, Mentor, â¨
Key-Note Speaker, Herausgeber
⣠Inhaltliche Schwerpunkte
⢠Banking, Payment, Mobile
⣠BeruďŹiche Historie seit 1997
⢠Sparkassen Finanzgruppe 97-09
- SK Online
- M.d.Gl. Star Finanz / StarMoney
- GF giropay
⢠NumberFour AG 09-11
⢠seit 2011 amb consult
⢠seit 2012 GF und Co-Founder des Fin-Tech StartUps ďŹgo
⢠Beirat bei FinLeap und Cringle
⢠Initiator der Wahl zum FinTech des Jahres
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4. There is a sustained change how we want to do banking
Banks are under pressure
⣠Never before so many
solutions of non-banks
have sprung up around
banking services as in
recent months
⣠What are the reasons?
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12. Ident-Broker
⣠It is standard to use a central ID in different services and
to use the data across services
⢠Twitter
⢠Facebook
⢠PayPal
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14. ⣠Customers are using bank products from different
banks
⢠âThere is an app for thatâ: or an bank product for this case
⣠The relevant player for personal ďŹnance are growing
⢠Banks + Wallets + FinTechs
Personal Finance is fragmented
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18. APIs are one of the best answers for innovations
Why do we need modern Bank-APIs?
⣠Human behavior has changed and is changing more and
more
⣠Mobile and the app-economy has changed everything
⣠Banks are not the forerunner anymore
⣠Speed is crucial
⣠Right context is necessary
⣠And never the less: bank products are software
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20. It is damn hard and complicated to build services
based on existing infrastructure.
What are the problems?
⣠Banking/Financial interfaces are old and fragmented.
⣠No single point of entry to all ďŹnancial data services.
Neither for developer nor for end users.
⣠High development costs to connect software with today
ďŹnancial interfaces.
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21. Backbone of next generation ďŹnancial services
ďŹgoâs mission
⣠Enabling developers to easily create universal ďŹnancial
services and products based on our agnostic technical
concept.
⣠Providing insights based on personal ďŹnancial data to
the end user.
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22. 22
User accesses data â¨
through a central â¨
ďŹnancial ID
User- & Access Management
Metadata Enrichment
Realtime sync & NotiďŹcations
Sync across devices & services
Smart Data
â¨
Partner connectsâ¨
ďŹnancial IDâ¨
via ďŹgoâs REST-API
Hosted in a German â¨
Bank Data Center
Financial Data
Apps ToolsServices
Banks Creditcards Wallets Cryptocurrencies Broker
How it works
23. Financial data brings context
Possible use cases for ďŹgo
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IdentiďŹcation Payment
Wealth Management /
Investing
Productivity ďŹgo Banking
Insurance companies Risk management Accounting
24. The ďŹgo API is already the backbone of well-known companies
Selection of use cases currently in use
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Banking Apps Bank transfer for p2p
payment
Scoring and Identity
Banks
ďŹgo
Open position
management
Cross selling Scan and pay / â¨
Travel-Expenses
Online payments
25. > 30 years FinTech Experience
And by the way - this is ďŹgo
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AndrĂŠ M. â¨
Bajorat
Joachim â¨
Penk
Lars
Markull
Sebastian
Tiesler
CEO & Salesâ¨
⣠Exec. consultant in ďŹnance &
payment
⣠VP Product Marketing, CEO â¨
at NumberFour
⣠Managing Director at giropay
⣠Management Board at Star
Finanz
⣠Advisory Board Member at â¨
FinLeap / ExecIO / Cringle /
Mobicom
⣠Mentor at Plug&Play, Microsoft
Ventures, startupbootcamp
Technologyâ¨
⣠Freelance Software Developer
⣠Entrepreneur fwd.io
⣠Co-Founder (CTO) Mikestar
Business Dev â¨
& DevCom
⣠Shortcut Ventures
⣠SumUp
Product & Salesâ¨
⣠Head of Mobile Solutions â¨
at Star Finanz
⣠Senior Account Manager â¨
at Star Finanz
⣠G&J Multimedia Ventures
⣠Project Lead eCommerce at
Ponton Software Technology
⣠Project Lead B2B at â¨
Mindways Multimedia
Heiko
Rahlfs
Finance & â¨
Operations
⣠Consultant for Organization,
Processes & Finance
⣠Partner at Putz & Partner
Unternehmensberatung AG
⣠Manager at Lischke
Consulting GmbH
⣠Relationship Manager
Corporate Finance at
Dresdner Bank AG
⣠Diplom Kaufmann
⣠Banker (Bankkaufmann)
27. and a fundamental change in the market
There is a need for Banking APIs
⣠Fidor provides the new Bank-API
⣠EPC is ďŹghting for âAccess to
Bank Accountâ
⣠For UK Government open Bank-
APIs are driver for the FinTech
Success of London
⣠> 140 Partners on ďŹgos Bank-API
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28. Yes they could beâŚ
Are Banks the right provider for APIs?
⣠Open APIs will give banks new speed
⣠External partners will bring innovations to the customer
⣠Banks are the owner of the data and the gatekeeper
⣠APIs are a new business model for banks
⣠but don´t wait for them!
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