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Drivers
Regulatory
• PSD2
• Open Banking
Commercial
• Deepen relationships
• Customer stickiness
• Enhanced understanding of customers’ financial lives
• Profit-share/referral opportunities
• Better fraud/risk/credit management
2http://nordicapis.com/fintech-and-apis-making-a-bank-programmable/
Why Openness?
According to Stefan Weiss, Head of APIs at Fidor, the bank decided to
build its platform with third-party developers in mind for the following
reasons:
• A bank API supports a quicker onboarding experience for end users
• An API enables a bank to acquire partners that specialize in niche
fintech services with optimized front-end user interfaces
• A bank API allows seamless integration with banks-as-a-
marketplace, payment, investments, and accounting apps, and more
— great for startups with innovative financial-oriented products that
may lack the budget and legal counsel to hold funds or establish
their own bank
• An open API is a way for new banks to attract more customers,
more deposits and more transaction volumes
3http://nordicapis.com/fintech-and-apis-making-a-bank-programmable/
API Use Cases
Fidor
Bank
The Fidor Operating System (fOS)
is an open digital banking platform
built to integrate legacy and
modern fintech systems via a
managed API gateway.
• Banking as a Platform
• White Label Bank
• Payments as a Service
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API Use Cases
BBVA
API Market
Accounts allows you to access key
account data and enhance
financial management services.
Payments allows third party apps
to offer money transfer services to
pre-authorized users.
PayStats allows third parties to
access BBVA cards purchase data.
Customers lets you easily create,
retrieve and update customer
records in our banking core.
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API Use Cases
Bud
Account Aggregator
Bud is a website and app that
connects your bank accounts and
credit cards in one place.
The platform connects users to
additional financial products and
services such as pensions,
insurance, currency exchange,
investments, savings, mortgages
and more.
Cross-selling
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API Use Cases
Penta
SME Bank
Penta has partnered with
solarisBank, a white-label banking
platform, to offer businesses fast
access to bank accounts. Penta’s
business customers will be able to
sign up for a bank account within
minutes, giving them access to a
deposit account and payment
cards.
Customer acquisition engine?
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API Use Cases
Railsbank
API Platform
Via the Railsbank API, fintechs can
access banking services including
creating digital ledgers, connecting
digital ledgers to real bank accounts,
issuing IBANs for ledgers, receiving
money, sending money, converting
money (FX), collecting money (direct
debit), issuing cards, and managing
credit.
“Access to global banking in 5
lines of code.”
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API Use Cases
Xero Accounting
Cloud-based SME Accounting
Xero is online accounting software
for small businesses. Use Xero to
manage invoicing, bank
reconciliation, bookkeeping &
more. Xero offers an API to allow
third-party apps to query
companies’ accounting data and
leverage it for a range of business
uses.
How long until a bank integrates
with Xero?
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API Use Cases
Acorn
Automatic saving
Acorn connects with your bank
accounts via API to monitor your
spending, round up purchases
and investing the excess –
automating your saving and
helping you achieve financial
heath.
Savings/investments
automation & financial health
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API Use Cases
Fino
Account Switching Service
In the UK, the Current Account
Switching Service automates
account switching. Not all countries
have this service. Fino allows
customers to switch bank accounts
(open new account, move direct
debits, notify payees and senders)
via an API-powered app.
Account switching
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API Use Cases
Debitoor
Accounting and Invoicing
Simple, cloud-based billing and
accounting software for
freelancers, small businesses and
the self-employed. Covers all
important functions, from preparing
quotations to VAT returns. Using
figo, the user can integrate bank
accounts directly into the
accounting program.
Bank & accounting integration
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API Use Cases
Fincite
Investing Solution
Via API, Fincite offers access to
over 120 algorithms for individually
chosen recommendations for
savings and investment. Fincite
can analyze a customer’s financial
situation in its entirety and offer a
personalized savings and
investments action plan.
Bespoke investments for mass
market
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API Use Cases
O2 Banking
Telco Bank
Telefonica-owned O2 became the
first mobile operator to launch a
mobile-only bank account, in
cooperation with Fidor Bank. The
account offers mobile banking
transactions, including via mobile
phone numbers, small instant
loans, a MasterCard debit card
and free data credit for users.
“Telco Bank” with no need for
license
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