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Elias GagasChief Digital Officer
APIs as a new Banking Channel
The “Great Divide / Gap” behind the FinTech (R)evolution
APIs are Connectors…
The Bank of the Future is a PlatformIt’s the Everyday Bank – facilitating several customer journeys
Inter-Connected
OpenAPIs
Everyday Bank
PlatformBaaS BaaP
PSD2 Conundrum – “Utility” OR “Everyday Bank”?The PSD2 era is here – you must make a decision regarding your strategy
Source: Accenture
360° Banking Technology Stack PSD2 & APIs are part of a wider Paradigm Shift in Banking & Financial Services
360° of Banking
1The emergence of a
new World!
›PSD2 & APIs›Banking as a Service (BaaS)›Banking as a Platform (BaaP) ›A global FinTech ecosystem›The rise of the Internet Economy!
2Requires a new
Technology Paradigm
Effectively creates the need for a new Banking Technology Stack Paradigm, which we call “360° Banking Technology Stack”
In this new environment, Banks need to encompass a far bigger & not fully owned
scope of Services/Operations Vs the traditional fully owned model
3And Creates a newBanking Paradigm
Fully Owned Technology StackBank as a Silo
Core Banking Tech Stack
Digital Banking Front EndBank to Bank Connectivity
360° Banking Technology Stack Bank as an active participant in the FinTech (R)evolution & the Global Financial Services ecosystem
Global FinServ Ecosystem
Core Banking Tech Stack
Digital Banking Front End
Connected 3rd Party Apps
API Platform
API is a new Banking ChannelExpanding the Bank’s reach to the FinTech ecosystem & beyond it’s own customer base
API
TMS
PFM
?
???
AISPPISP
How does PSD2 affect existing business Models? APIs Disintermediation in action
PSD2
Loss of Fees from Card-Based Transactions
Loss of Customer ‘Ownership’ and Insights
“Barrier of Exit” for existing Customers potentially reduced
How does PSD2 create new business Models? APIs & Disruption in action
Source: Accenture
Let’s See an actual exampleof an API Channel enabled
Bank…
360° Banking Technology Stack Bank as an active participant in the FinTech (R)evolution & the Global Financial Services ecosystem
Global FinServ Ecosystem
Core Banking Tech Stack
Digital Banking Front End
Connected 3rd Party Apps
API Platform
Want to see the demo in action?Send us an email at
Sales@paymentcomponents.com
64 Princes Court , 88 Brompton Road , Knightsbridge, London SW3 1ET, United Kingdom | Tel. : +44 2071172538 | www.paymentcomponents.com
Empowering FinTech Innovation!
@paymentcomp
Elias GagasChief Digital Officerelias.gagas@paymentcomponents.com
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