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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
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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
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An Industry Before the digital transition
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Customers are key
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How Startups take over entire Industries
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How Startups take over entire Industries
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How Startups take over entire Industries
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How Startups take over entire Industries
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How Startups take over entire Industries
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Digital Banking are these new players
Source: Burnmark, PWC, IEB, Garda de la cruz 16
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The state for banking APIs in the world
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The state for banking APIs in the world
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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
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Open Banking : Blue ocean Strategy
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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”
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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
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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
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Banking APIs Strategy and API Tactics
Bank traditional value chain
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Open API Banking strategies
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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
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Open API Banking strategies : Ecosystem
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Open API Banking strategies : Platform
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Open API Banking strategies : Infrastructure
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3rd parties product buildingInternal product building
3rd
parti
es d
istri
butio
nC
ontro
led
disr
ibut
ion
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INFRASTRUCTURE
PLATFORMINTEGRATOR
ECOSYSTEM
Opportunities : Who is wrapping who?
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Opportunities : Top 5 Fintech Developers’ demands
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- 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...
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Questions?