apidays LIVE India 2021 - Connecting 1.3 billion digital innovators May 20, 2021 Transforming Indian private banking with APIs Rohit Taneja, Founder & CEO, Decentro

1. Neo Banks
Gaming Company Finance & Wealth
Managers
Gig Economy Players
And many more!
Consumer facing - Multiple verticals and categories
Numerous use-cases for financial APIs and the banking stack.
Aggregators

2. Banking integrations take 4-8 months and a chunk of money.
Delaying the product cycles and launch timelines for every company that ties up with banks directly.
Slow on-boarding and
fragmented APIs
Navigating broken
documentations and
tech updates
Scraping is being phased
out and is hated by users
Dealing with multiple
departments and
outdated sandboxes
A Black Swan Event that
could halt your operation
Adhering to auditing and
reporting cycles

3. Simplifying integrations by 10X, reducing time to < 2 weeks
Bank 1
API Banking Platforms
Product / Platform
Banking
Bank 2 Bank 3 Bank n
Cards Payments Lending

4. ₹ 3,50,000+ One-time setup costs + AMC
₹ 2,80,000+
Developer costs -
Integration (monthly)
₹ 1,40,000+
Developer costs -
Maintenance (monthly)
₹ 50,000
One-time setup cost / API
Subscriptions
₹ 70,000
Developer costs -
Integration (one-time)
₹ 20,000
Developer costs -
Maintenance (one-time)
Banks / Legacy Players
Reducing overall expenses by 80% - both Capex and Opex
By reducing the integration time and providing economies of scale, for both sides - the bank and the company
API Banking Platforms