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THE OPEN DATA MOVEMENT IN FINTECH:THE BIGGEST CHANGE IN CONSUMER BANKING?
November 2015Berlin
Data Natives
@LarsMarkull
2
› Banking Service Provider “figo” (www.figo.io)› Responsible for FinTechs and Developer on
our API› Background: Traditional banking and in
#FinTech since 2012
Banking in the past
Online banking users Banks
Bank 1
Bank 2
Bank n
Bank BBank A
Customers
Products
Making change happen:PSD2 by European Union
Third party services
Banking apps
Finance
Payment
Risk mgmt.
Third Party
Provider
AIS
PIS
DCS
DCS
DCS
PSD2: Access to bank accounts
Bank 1
Bank 2
Bank n
ASPSP
ASPSP
ASPSP
Online banking users Banks
What does that mean?
#Innovators
010010101001010100101010010101010101010100100101010010101001010001001010100010101010101001010101001010010010101001010100101010
Jane Doe
User identification
Investing services
B2B tools Account switching
tools
Comparison
Accountaggregati
v Payment services€
Financialforecast
Algo
What does that mean?
#Banks
Bank BBank A
Customers
Products
Displaced, diminished & disintermediated
Proof of conceptStep 1 Step 2 Step 3 Step 4
Account aggregation
Open API
Banking App Store
Curated developers, partner services and bank own services
Banking apps
Finance tool
Payment
Risk mgmt.
Service
Online banking users Bank
Bank branded Banking App Store
Open API Service
Service
Bank system
Lars MarkullE-Mail: Mobile:
[email protected]+49 151 50 580 510
Addressfigo GmbH Burchardstr. 21 20095 Hamburg
Webwww.figo.io @figoAPI
Let’s change the way we bank today together!
