delivering data to your systems doorstep - aventri...• enterprise resource management (erp) ......

Delivering data to your systems doorstep

Introducing:

Ann SkibickiExperian

©Experian 3 5/3/2017 Experian Public Vision 2017

API calls per day

15 billion per day

1.5 billion per day

7 billion per day

1 billion per day

10 billion per day

http://www.google.com/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwiot8v_gO3SAhVH-2MKHVIdApgQjRwIBw&url=http://seekingalpha.com/article/3974029-salesforce-com-went-way-beyond-crm&psig=AFQjCNFO2YDoC92s1lH1EmaWuyB23rZ5fw&ust=1490371590219378

http://www.google.com/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwiR_-6Pve3SAhVQ7mMKHVb7BiIQjRwIBw&url=http://diylogodesigns.com/blog/google-logo/&bvm=bv.150475504,d.cGc&psig=AFQjCNECEubiypuZ9ga2AopB9qNWy6FcMg&ust=1490387734415458


We’re all connected

“We are all now connected by the Internet, like neurons in a giant brain.”

— Stephen Hawking


Connected Devices

By 2020, there will be over

26 billion connected devices — Gartner


1. Integration transformation in banking

2. Client case studies

3. Introduction to Experian’s next generation of API management

Next 45 minutes…


What are APIs?

APIs (or Application Program Interface) can be defined as any software interface exposed over the Web in order to facilitate integration and development

• Allow for easy integration

• Create agility

• Inspire innovation

• Extend the availability of data

• Enable data mash-ups

• Fast track partnership opportunities


Why is it used?

InternalCentralize / manage information and workflow

across an organization

• Enterprise Resource Management (ERP)

• Customer Relationship Management (CRM)

• Ease of use, efficiency, speed, security

ExternalExtend services or information delivered

to end users

• Improved customer experience

• Extend availability of data and services

• Inspire innovation

Bank

Experian or

third-party

data

API

request and

response


11889

5079

60 39 2 57 15 63

Social Financial Enterprise Mapping E-Commerce Government Science Messaging Payments Telephone

API growthFrom 2009 to 2013

Source: ProgrammableWeb

2009

2013

518 508474

369348 338 333 315 312 298


Banks are coming back to SME lending

• The banks are no longer sitting on the sidelines of small business lending

• Large banks building their technology to deliver loans easily and quickly on their own

• Testing automated approvals on a very small scale with best clientele

• Findor and Open Bank Project helping lead the banking revolution

API in bankingLendit 2017


Rising customer expectations brought about by convenience and availability of advance technologies

Benefits:

• Extend customer reach

• Increase revenues

• Stimulate innovation

Banks are using Open APIs

Open API may be used both by developers inside the organization that published the API or

by any developers outside that organization who wish to register for access to the interface.


“It shouldn’t take a six-month project with my IT team to make it happen. We should be able to setup this API and be able to access the data for every application I generate.”

— Director Credit Policy Analytics,Experian Telecommunications Client


Experian API’s for originations and management

Origination

Evaluate applicants quickly and efficiently while continuing to minimizing risk.

• Credit data APIs

• SBCS APIs

• International data APIs

• Decisioning / scorecard APIs

• SalesForce.com plug-in

Portfolio management

Integrated data into third party systems to monitor customers for emerging risks.

• Alerts / trigger APIs

• Credit data APIs


Business profile:

• Mission is to help business owners achieve their dreams.

• Lender helps businesses access the cash tied up in their invoices when traditional lending is not available.

Business challenges:

• To evaluate debtors efficiently and quickly while continuing to minimizing risk

• Fully automated system calls via API - same day scoring on hundreds of new prospects daily

• Integration of Experian data segments within internal credit decisioning platform

Fintech uses APIs to expedite underwritingCase study


Solution:Experian Dynamic Access™

• Experian API for accessing data segments

• High match rate for those hard to find micro and small businesses

• Cost savings – access the data you need

• Commonly used segments:

– Experian Risk scores segments

– Payment performance segments

– SBCS segments

– Business compliance data segments

– BBB segments

Fintech uses APIs to expedite underwritingCase study


Solution:Experian DecisionIQ℠

• Experian hosted decisioning engine

• Enables the exchange of decisioning transactions and application data between a client’s internal / third-party system and Experian’s system

• Helps enforce basic underwriting rules using commercial, blended, or SBCS data

Alternate underwriting solution:DecisionIQ℠ API


Business profile:

• Fintech lender

• Targeted at small business start ups, where limited business data exists

Business challenges:

• Challenge obtaining information on small-newly established businesses

• Looking to integrate risk data earlier in the new origination underwriting process

• Limited IT resources

• Sales reps using SalesForce.com and looking for a centralized location for data

Fintech uses APIs in SalesForce.comCase study


Solution:Experian FusionIQ™

• Experian’s prebuilt API connection into SalesForce.com

– Limited IT resources required!

• Delivers commercial and business owner data – ideal for small business underwriting

• Based on generic commercial risk scores, blended risk scores client custom models, or consortium based scoring Small Business Credit Share℠ (SBCS)

• Lenders approve, decline, or manual review decisions

• Can be enabled with other app exchange apps

Fintech uses APIs in SalesForce.comCase study


Business profile:

• One of the leaders in the online small business lending space

• Over $6 billion in total loans

Business challenge:

• Rapid loan growth required more sophisticated ways of managing risk

• Needing to keep track of changes occurring in portfolio in real time

• Looking for a modernized way of consuming data outside of traditional online and batch deliveries

Fintech uses Alert API for account managementCase study


Solution:

Experian Account Monitoring Service℠ APIs

• Provides an API connection to integrate Experian Triggers into third party platforms

• Daily delivery of triggered events

• Helps identify changes in:

– Risk scores

– Delinquency trends

– Company’s legal filings

– Reputational risks (debarred)

– SBCS related events

Fintech uses alerts API for account managementCase study


Clients are asking for consolidated APIs…

Jeff Bezos API mandate for Amazon (edited 2002):

• All teams will expose their data/functionality through APIs.

• Teams must communicate with each other through these interfaces. No other inter-process communication is allowed whatsoever.

• It doesn’t matter what technology you use to do so.

• All API interfaces, without exception, must be designed from the ground up to be externalizable. That is to say, the team must plan and design to be able to expose the interface to developers in the outside world. No exceptions.

• Anyone who doesn’t do this will be fired. Thank you; have a nice day!

“We need a single API to shorten the time to market... We now use several Experian products; coding to a different API for each significantly increases both our costs…

At Amazon, we have many use cases that can leverage the same API. Consolidating these products in as few APIs as possible will allow us to on-board more customers faster.”

— Adel Shrufi, Sr. Software Development Manager, Amazon Transaction Risk Management Systems


The API hub – a commercial data hub for credit, marketing and compliance

• Alt data

• OneSearch

• Data quality

• Industry specific

• BCI

• Global watchlists

• Fraud checks

• Firmographics

• Contacts

• Lead scores

• Sales enablement

• Core credit• GDN• Blended• Alerts• Attributes• Company financials

CreditB2B

Marketing

New Initiatives

KYC/AML


Next generation for API management


• APIs are no longer just for FinTechs

• Not a short-lived phenomenon, will shape the future financial and banking industry

• In the next 30 days, discuss your API strategy with your CTO and come explore the API Hub

In closing


Experian contact:

Ann [email protected]

Questions and answers

delivering data to your systems doorstep - aventri...• enterprise resource management (erp) ......

Documents