figo at API Days 2016 in Paris
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A little insights into our development over the recent years and a short outlook for "bank as a platform".
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Semelhante a figo at API Days 2016 in Paris
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figo at API Days 2016 in Paris
- 1. PICTURE BY KUSTER & WILDHABER PHOTOGRAPHY, FLICKR APIDays Paris December 16th, 2016 REAL LIFE EXAMPLES ON HOW TO THRIVE THROUGH BANKING APIS
- 2. A FinTech history lesson
- 3. First wave: FinTech startups attack (2008-2014) It was never cheaper to start a startup. And regulation provided new opportunities!
- 4. Second wave: Banks fight back (2014-2015) “Let’s be innovative and … do a hackathon!”
- 5. Third wave: Partnerships of banks & startups (2016ff)
- 6. Banking with “non-banks” will become the new normal
- 7. The result
- 8. What is figo providing?
- 9. figo opens financial silos From more than 3.200 financial sources in Germany & Austria Future: all SEPA countries
- 10. figo enables unified access to all financial sources Through figo all financial sources looks the same financial sources > 3.200 Banks Credit Cards Assets/ Broker API Auto Sync Categori -zation Payment Aggrega -tion Notifi- cations HBCIAPISWEBSCRAPING Multibanking in web & app Risk management Scoring User verification Account switching Invoicing tools Use Cases Banks, FinTechs and othersConsumers Customer logs into the online banking with her/his credentials figo inside technology
- 11. figo is for everyone > 1000 are using figo today Banks Payment Service Providers CC- schemes Corporates FinTechs Credit Providers Developers
- 12. figo and the first wave
- 13. Risk Analysis and scoring with digital bank statements instantly online. More than 3.200 Banks Credit cards FinTechs Meet figo verifier: Digitize loan application processes
- 14. Direct verification makes service usable instantly More than 3.200 Banks Credit cards FinTechs Meet figo verifier: Faster user on-boarding
- 15. Automated by accessing bank account data More than 3.200 Banks Credit cards FinTechs Meet figo verifier: Account switching services
- 16. Monitor, automate and initiate payments.More than 3.200 Banks Credit cards FinTechs Meet figo initiator: Initiate payments directly in your service
- 17. Now figo supports the second wave
- 18. The bank as the financial home - where the user stays longer More than 3.200 Banks Credit cards FinTechs Meet figo aggregator - Multibanking & account aggregation
- 19. What about the third wave?
- 20. The problems with “bank as a platform” Problem on bank side _No revenue model through XS2A _No reach to developers & startups _No on-boarding process for new partners Problem on FinTech side Not all account types included_ Too many different banks & technology_ XS2A is not an ‘all purpose tool’_ VS.
- 21. Third partiesConsumer figo XS2A platform for banks Our XS2A platform is more than just a PSD2 compliance service figo developer network Easy access Account Information Service (AIS) API Compliance Partner Management Hosting & Security API Management Payment Initiation Service (PIS) API Core Banking Service A Fintech B OTHER PARTNER PSD2 COMPLIANT XS2A-PLATTFORM FOR BANKS Platform stack used by the bank
- 22. One example: How figo brings together the whole industry www.bankathon.net https://vimeo.com/191671868
- 23. ADDRESS figo GmbH Gaußstraße 190c 22765 Hamburg WEB www.figo.io @figoAPI Let’s change the way we bank today! LARS MARKULL E-MAIL: MOBILE: TWITTER: LM@FIGO.IO +49 151 50 580 510 @LARSMARKULL