Open Bank Project Hack Make The bank 2016 Block Chain
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Transcript of Open Bank Project Hack Make The bank 2016 Block Chain
Simon Redfern, CEO
Bank as a Platform
Transparency as an asset
How similar?
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Our Vision
1995!
Why do we need a Web site?!
2000! 2010! 2020!
Of course we have a Web site!
Of course we have an API!
Why do we need an API?!
In the future, every bank will have an API
“By 2016, 75% of the top 50 global banks will have launched an API platform and 25% will have launched a customer-facing app store”!
“Bank as a Platform”: Modern, open APIs accelerate sustainable and secure customer-centric banking innovation by leveraging an ecosystem of third party applications and services. !
The Open Bank Project Why it's important
Current “workarounds” do not work anymore!
Non-Banking Competitors¾ millennials would be more excited about an offering from new entrants than from their own bank!
Changing Customer Behavior
71% of millennials would rather go to the dentist than listen to what banks are saying!
Aging IT systemsIT systems are perceived as
the #1 barrier to innovation!
Upcoming RegulationSee UK Treasury Open Banking Call for evidence, EU’s PSD-II, Poland’s KNF anti-screen-scrapping decision.!
Source: The Millennial Disruption Index, Scratch 2014 / Innovation in Retail Banking 2013, Efma-Infosys!
The Open Bank Project
Is an Open Source API for banks!
1/ Open Banking API!
2/ Developer !Community! 3/ Apps!
Open Bank Project
The Open Bank Project How it works
OBP API!
Bank’s Legacy IT Systems!
Bank’s!Customers!
Provided by their bank! OBP App store!
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(On different platforms)!
Use innovative financial apps!
Card-linked offersCash management
Accounting!ERP! KYCCRM
Crowdfunding!
jQuery
SavingsGamificationData
Visualisation
Advisory PFM AMLAnti fraudRegulation!
Financial Institution’s data center / cloud /
appliance!
Operate your own white-labeled API. Plug & Play deployment.!
Bank-specific connectors!
Ecosystem of Apps
...The possibilities are endless!www.openbankproject.com/apps!
Open Source API stack
• RESTful banking model • Functional • Scala in JVM • OAuth included • Flexible Connectors • Metadata • Entitlements • AGPL & Commercial • Github https://github.com/
OpenBankProject/
Developer Tools - SDKs
Apache Licensed (Handle the OAuth flow)
https://github.com/OpenBankProject/OBP-API/wiki/OAuth-Client-SDKS
API Explorer - Try
Explore API in context of the logged in user.
Third Party Developer Tools
Entitlements & API Management
Deploy locally
Easily run OBP on laptop / cloud host
https://hub.docker.com/r/openbankproject/
Monitoring & Analytics
Past Participants Past Participants Our clients include leading and global tier one banks. We have setup an OBP sandbox environment in more than 15 cities.
Customers and Past Participants Banking Clients & Partners
Over 500 developers using the Open Bank Project API!
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Simon Redfern@simsysims
@OpenBankProject
http://bit.ly/obpslack1
www.openbankproject.com
Thank You