Open Bank Project ECB19 Sept 2016 v2
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Transcript of Open Bank Project ECB19 Sept 2016 v2
Simon Redfern, CEO
Bank as a Platform
Transparency as an asset
ECB Monday 19 Sept 2016
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 Competitors & #Fintech Startups!Compete / partner using APIs!
Changing Customer Behavior
Banks can keep up by using community and packaged software !
Aging IT systemsDecouple and Accelerate Innovation with community,
Dev Portal and APIs!
!
Upcoming RegulationKeep up with Regulation such as UK Open Banking and PSD2 using out of the box solutions.!
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
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 Entitlements per Account
Guest access to Accounts
Metadata
API Explorer - Try
Explore API in context of the logged in user.
API Explorer - Try
Explore API in context of the logged in user.
It’s an App!
Select Bank
Select Account
Select View
Select Transaction
Before Get User
After Get User
Get Accounts
Get Transactions
Register as Developer
Logged in as a Developer
Before Register App
After Register App
Using REST client with Key
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
@OpenBankProjectwww.openbankproject.com
Thank You