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Fintech Trends & Technology Strategy
Georgios Karamanolis, Co-Founder & CTO/CIO Crowdpolicy
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befinnovative.com
Agenda • befinnovative apps
• Fintech Innovation – Trends & Challenges
• API economy
• How to develop fintech products
• Fintech Technology Stack
• Bringing all together!
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E-payments, e-invoicing, crowdfunding, security, money
transfer, data validation, blockchains,crowdfunding, micro
payments, lending, crowd investment, evaluation, data analysis,
visualization, lending management
Logistics, Tourism, Agro, Culture, Media,
Government, Health…
Startups (Business)
Banking innovation & Strategy (Internal)
Social Solidarity & Social Innovation
(Social)
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E-payments, e-invoicing, crowdfunding, security, money
transfer, data validation, blockchains,crowdfunding, micro
payments, lending, crowd investment, evaluation, data analysis,
visualization, lending management
Logistics, Tourism, Agro, Culture, Media,
Government, Health…
Startups (Business)
Banking innovation & Strategy (Internal)
Social Solidarity & Social Innovation
(Social)
befinnovative.com
Fintech innovation (1/2) • Rise of peer-to-peer (P2P) lending
• Services and solutions for underserved consumer
• Enhancement of credit underwriting/decision making
• Solutions that banks will integrate or incorporate to improve APIs enable third parties to develop value-added applications for company platforms
• Sophistication in methods to reach, engage, and retain customers
• The move toward non-physical or virtual channels
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• The digitalization of cash- and treasury-management functions
• The democratisation of banking and personal finance
• The simplification and move toward streamlined product application
• The rise of crowdfunding/seed funding
• Blockchain
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Fintech innovation (2/2)
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APIs ~ Legos
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https://letstalkpayments.com/41-apis-making-waves-in-fintech/
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Open Fintech APIs
https://goo.gl/8utH0s
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Making the bank programmable!
Making the bank programmable is a win-win-win.
• For developers, they get to mess around with the power and knowledge of banks to create innovative services and terminate compliance issues.
• For end users, they can experience a new breed of services that tie into their accounts.
• For banks
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NBG Open Banking API
12 https://nbgdemo.portal.azure-api.net
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Rapid fintech products – Examples
• Infrastructure: Cloud based infrastructure allows you set up with minimum cost and scale as you go…
• APIs: This is highly variable and depends on your concept. There are a lot of great APIs that save you from having to reinvent the wheel.
• Data Aggregation..
• Payments: There’s plenty of ways to move / collect money. Try NBG open bank API
• Messaging: Twilio, and Carnival.io for example, can help you manage the messaging, email, and notification portion of your application.
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Front End Languages, Front End Frameworks, Back End Frameworks & Databases *
*indicative list
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Bringing it all together
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Location
Peireos 74 Moschato
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Apply
http://befinnovative.com/go
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References
• http://www.pwc.com/us/en/financial-services/fintech.html
• http://nordicapis.com/fintech-and-apis-making-a-bank-programmable/
• http://bankinnovation.net/
• https://letstalkpayments.com/41-apis-making-waves-in-fintech/
• https://www.linkedin.com/pulse/fintech-recipes-tech-concoction-mbas-jds-amilcar-chavarria
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