2
FinTech disruption
Change in banking 1
2
33
4
5
6
Future of Banking: API Banking
API in practice
3
4What’s next 4
Twitter: #SMWFinTech
4
Traditional banking
“Banks face more change in next 10 years than in the last 200” - Chris Skinner
7
“PayPal Germany has more users than
Sparkassen online banking customers”
Everything is online, but banks…
Points of attack
12
7.9b €
10.7b €
19.7b €
Other fees
20.5b €
Bank revenue in 2012 Substitute product from FinTech startups
Exchange and mobile transactions, personal finance
tools
Securities Wealth management
Deposits Private bank accounts, wealth management
Loans Peer to peer, crowdfunding, SME loans, factoring
Source: Horvath & Partners Research, 2014
Why is banking interesting?‣ Google, Apple, Facebook, Amazon etc. ‣ More users & relevance ‣ New areas ‣ Data
‣ Startups ‣ “Easy” to win ‣ Good at technology ‣ Fast and innovative ‣ Try, error and adjust mentality
14
16
FinTech disruptor examples
Change in banking 1
2
3Future of Banking: API Banking 3
API in practice 4
5
6
What’s next 4
Twitter: #SMWFinTech
23
FinTech disruption
Change in banking 1
2
33
4
5
6
Future of Banking: API Banking
API in practice
3
4What’s next 4
Twitter: #SMWFinTech
24
Consequences‣ Banks fade more into the background
‣ Banks will offer “backend-services”
‣ FinTech startups and similar players will offer “fronted-services”
‣ In the future financial services can be connected to every bank account
=> How to create financial services that are independent from a certain bank account?
Banking in silos
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Apps ToolsServices
Financial DataBanken Kreditkarten Wallets Kryptowährungen Broker
How (could) it work(s)
27
User accesses data through a central
financial ID User- & Access Management
Metadata Enrichment Realtime sync & Notifications
Sync across devices & services Smart Data
Partner connectsfinancial IDvia REST-API
Hosted in a German Bank Data Center
Financial Data
‣ Apps ‣ Tools‣ Services
‣ Banks‣ Creditcards‣ Wallets‣ Cryptocurrencies‣ Broker
Financial data brings context and speedPossible use cases
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Dev-Platforms Payment Wealth Management / Investing
Productivity Banking API Banking
Insurance companies Risk management / Identification Accounting
33
FinTech disruption
Change in banking 1
2
33
4
5
6
Future of Banking: API Banking 3
4What’s next 4
Twitter: #SMWFinTech
35
Future of banking‣ Pick a bank account and select third party add-
on services
‣ Security and data protection is “backend”
‣ The ones from before plus many more to come…
37
Want to get in touch?Lars Markull E-Mail: [email protected] Twitter: @larsmarkull
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Joachim Penk E-Mail: [email protected] Twitter: @achimsen
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