The document describes the Open Bank Project, which aims to create an open source API and app store for banks. It seeks to promote transparency, innovation and choice by allowing developers to build applications on top of bank data through a common API. This would allow banks to offer new services faster and cheaper, and customers to access their bank through many different applications. The Open Bank Project is developed by Tesobe and aims to create an ecosystem where banks, fintech companies, NGOs and individuals can build applications and services to make banking more open and useful.
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Open Bank Project presentation at Axway Utrecht April 3rd 2014
18. Linked Open Data: Richard Cyganiak (DERI, NUI Galway) and Anja Jentzsch (Freie Universit辰t Berlin)
19. API growth
1995!
Why do we need a
Web site?!
2000! 2010! 2015!
Of course we
have a Web site!
Of course we
have an API!
Why do we
need an API?!
We believe that the Open Bank Project will be
appealing to developers because of the ability to
build an app that can then be used by any bank
or customer.!
Kristin Moyer,
ResearchVice President, Banking & Investment Services, Gartner
!
Source: Hype Cycle for Open Banking, July 2013
In the future, every bank will have an API
20. Bank as a platform
Open innovation Ecosystem
OBP API!
OBP Server!
Banks Internal IT
System!
Banks!
Customers!
Trusted!
developers !
Bank
!
Mobile and web applications!
Common public !
interface!
Bank-speci鍖c !
Connectors!
OBP App Store!
Bank!
App Store!
Developers have easy access to
banking data and trusted services!
Customers enjoy a much greater
choice of high quality and secure
services!
Banks instantly offer new apps and
services faster, cheaper and securely
whilst retaining data control and
remaining the main customer touch
point!
Banks
data
center /
cloud!
30. Social Business
OBP offers us a tool to
communicate the spirit of our
company to our customers:
100% commitment to
transparency and
accountability.!
Felix Worth, CEO Fair-No-Poly!
31. Access my
account data in
different interfaces!
Comment and
add images to
transactions!
Share my 鍖nancial data with
different groups of people!
32. Individuals
≒ Use cool / niche interfaces (German account in
Arabic, Interface for the blind)
≒ Choice of personal 鍖nance management systems
≒ Share transactions with other banks to get loan
33. Access my
account data in
different interfaces!
Comment and
add images to
transactions!
Share my 鍖nancial data with
different groups of people!
34. Banks
≒ Build Ecosystem!
≒ Leverage core services and data
≒ Improve customer experience (only 49%
consumers happy *)
≒ Innovate on AML / KYC / Anti Fraud
Source: The World Retail Banking Report, Capgemini, EFMA, 2012 !
35. Regulatory Detective
Bank / company teams can easily allay/con鍖rm suspicions
regarding transactions using their mobile phone!
Swipe Right to 鍖ag
as OK !
!
Swipe Left to
鍖ag as
Suspicious!
36. Ecosystem
Banks can leverage the OBP API to create better customer relationships
Category! Name! Description! Produced by!
Accounting!
Kash鍖ow! UK Leading accounting Software for SMEs! Kash鍖ow!
Momentum! Business Analytics for SMEs! BCMLogic!
PFM! Money Garden! Personal 鍖nance management solution! MoneyGarden!
Data
Visualisation!
Money Journey! Displays 鍖nancial 鍖ows on a 3D globe! Independent
developers!
CSR!
Social Finance! Financial Transparency for Non-Pro鍖ts! TESOBE!
Cash Track! Financial Transparency for cash payments.! Transparency
International!
Customized
User
Experience!
Speaking Bank! Banking for the visually impaired (mobile)! TESOBE!
Banking Banquet! Different user interfaces according to the
users preference (tablet)!
TESOBE!
Regulation! Regulatory Detective! All in one AML, KYC, Anti Fraud for mobile! TESOBE (WIP)!