tactics for 2018 strategy and - · pdf file- 4 pressures on open banking - how banks should...
TRANSCRIPT
Strategy and Tactics for 2018 1
Mehdi MedjaouiLead API economist at API Academy
Co-founder of OAuth.io Founder of APIDays Conferences
Co-author of the state of Banking APIs 2015-16-17@medjawii
http://www.apidays.io/reports3
- 4 pressures on Open Banking- How Banks should react?- API Strategy and Tactics- API Technology- Final words
4
Summary
GAFAMnomics : they all have payment licences
5
GAFAMnomics
Killian Clifford : PSD2 an open banking revolution6
1000+ companies
105 Bn in Funding
$867 Bn in value
50+% located in the US
The Fintech Landscape
7
An Industry Before the digital transition
8
Customers are key
9
How Startups take over entire Industries
10
How Startups take over entire Industries
11
How Startups take over entire Industries
12
How Startups take over entire Industries
13
How Startups take over entire Industries
14
Digital Banking are these new players
Source: Burnmark, PWC, IEB, Garda de la cruz 16
17
The state for banking APIs in the world
18
The state for banking APIs in the world
19
The state of Banking APIs
How Banks should react?
- Bottom up- Agility- Startup-culture- Intrapreneurship- Talent management- Partnerships- VC - M&A
TECHNOLOGY
CULTURE - Design/UX- Mobile- APIs- Identity management- AI/Machine Learning- Containers- Performance- Capabilities- Reliability
20
21
Open Banking : Blue ocean Strategy
22
Open Banking : Blue ocean Strategy
Digital Banking are these new players
“ It is not the small who will eat the big, but the fast who will eat the slow”
23
80% of IT expenses for maintaining and improving existing applications and legacy systems
11% for initiatives that meet a speedy product pr service or adapting to regulation
9% for medium-long term strategic programmes
The Banking technical debt
24http://www.cityam.com/article/1389920882/uk-banks-risk-financial-meltdown-if-long-term-it-crisis-remains-unresolved
“Refactoring is changing the structure without changing its behavior”
Refactoring with APIs
25
Killing company technical debt with microservices
API- Technology A- Programming
language A- Team A- Company A
Business capability
Before
API- Technology A- Programming
language A- Team A- Company A
API- Technology B- Programming
language B- Team B- Company B
Business capability Business capability
Before After
Killing company technical debt with microservices
API- Technology A- Programming
language A- Team A- Company A
API- Technology B- Programming
language B- Team B- Company B
Business capability Business capability
No change, production still on
Refactoring the feature
Before After
Killing company technical debt with microservices
29
Banking APIs Strategy and API Tactics
Bank traditional value chain
30
Open API Banking strategies
31
Product/Experience APIs : Sandbox, SDKs, Account creation and testing, User personas, analytics, Prediction, Bots, Personal assistants, IoT, Alexa Skills, Smart Watch
Platform/System APIs : Customer Data, Payments, Lending, Credit score
Infrastructure/Core APIs : Authentication, Security, Identity, Fraud detection
Open API Banking strategies : Integration
32
Open API Banking strategies : Ecosystem
33
Open API Banking strategies : Platform
34
Open API Banking strategies : Infrastructure
35
3rd parties product buildingInternal product building
3rd
parti
es d
istri
butio
nC
ontro
led
disr
ibut
ion
36
INFRASTRUCTURE
PLATFORMINTEGRATOR
ECOSYSTEM
Opportunities : Who is wrapping who?
37
Opportunities : Top 5 Fintech Developers’ demands
38
- Reliability and performance- Testing Sandbox reproducing real API behavior- Documentation up to date, with sample codes- Great Developer experience (seamless onboarding, legal
process in the background)- User personas( fake-real user account acting like real
customers over time)
Open API Banking strategies : API management
39Source : Deloitte digital
I am probably overtime...
40
Questions?