Presented at the EFMA Digital Channels Council, in Turin, on March 22nd 2017.

1. Elias Gagas
Chief Digital Officer
APIs as a new Banking Channel

2. The “Great Divide / Gap”
behind the FinTech (R)evolution

4. APIs are Connectors…

6. The Bank of the Future is a PlatformIt’s the Everyday Bank – facilitating several customer journeys
Inter-Connected
Open
APIs
Everyday Bank
Platform
BaaS BaaP

7. PSD2 Conundrum – “Utility” OR “Everyday Bank”?
The PSD2 era is here – you must make a decision regarding your strategy
Source: Accenture

8. 360° Banking Technology Stack
PSD2 & APIs are part of a wider Paradigm Shift in Banking & Financial Services
360° of Banking
1
The emergence of a
new World!
›PSD2 & APIs
›Banking as a Service (BaaS)
›Banking as a Platform (BaaP)
›A global FinTech ecosystem
›The rise of the Internet Economy!
2
Requires a new
Technology Paradigm
Effectively creates the need for a new
Banking Technology Stack Paradigm, which
we call “360° Banking Technology Stack”
In this new environment, Banks need to
encompass a far bigger & not fully owned
scope of Services/Operations Vs the
traditional fully owned model
3
And Creates a new
Banking Paradigm

9. Fully Owned Technology Stack
Bank as a Silo
Core Banking Tech Stack
Digital Banking Front End
Bank to Bank Connectivity

10. 360° Banking Technology Stack
Bank as an active participant in the FinTech (R)evolution & the Global Financial Services ecosystem
Global FinServ Ecosystem
Core Banking Tech Stack
Digital Banking Front End
Connected 3rd Party Apps
API Platform

11. API is a new Banking Channel
Expanding the Bank’s reach to the FinTech ecosystem & beyond it’s own customer base
API
TMS
PFM
?
???
AISP
PISP

12. How does PSD2 affect existing business Models?
APIs Disintermediation in action
Loss of Fees from Card-Based Transactions
Loss of Customer ‘Ownership’ and Insights
“Barrier of Exit” for existing Customers
potentially reduced

13. How does PSD2 create new business Models?
APIs & Disruption in action
Source: Accenture

14. Let’s See an actual example
of an API Channel enabled
Bank…

15. 360° Banking Technology Stack
Bank as an active participant in the FinTech (R)evolution & the Global Financial Services ecosystem
Global FinServ Ecosystem
Core Banking Tech Stack
Digital Banking Front End
Connected 3rd Party Apps
API Platform

16. Want to see the demo in action?
Send us an email at
Sales@paymentcomponents.com

17. 64 Princes Court , 88 Brompton Road , Knightsbridge, London SW3 1ET, United Kingdom | Tel. : +44 2071172538 | www.paymentcomponents.com
Empowering FinTech Innovation!
@paymentcomp
Elias Gagas
Chief Digital Officer
elias.gagas@paymentcomponents.com