10.20.2005

Disruption and the New Kingmakers:Software Developers and Payment Services

IPS 2015

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About Me

@monkchips

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About Us

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Explosion of Forms

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Disruption!

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The Business of APIs

IPO planned for 2015

Annual revenues $100m in 2014

Adding $1m in annual recurring revenue every seven days.

Participated in more than 500 developer events in 2014

560k registered developers, near 100% growth in 2014

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Micro-services

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Context and Pervasive Payability

• Accelerometers• App usage behaviours• Location• Images in context• Influence patterns• Facial Recognition• Emotions • Health data• Value of Search data • Sentiment

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Systems of Record Systems of Engagement

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From Mobile Phone Co to Payments Network

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From Online Store to Payments Network

“Engage with Amazon’s most valuable customers.”

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From Social Network to Payments Network

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From Search Engine to Payments Network

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From Transport Service to Payments Network?

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From Payments Service to Payments Network?

“Built for developers - Robust, clean APIs that let you focus on building great products.”

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Peer to Peer Disaggregation

“Built for developers - Robust, clean APIs that let you focus on building great products.”

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Well played

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All Companies need Moats

Fortune 500 firms in 1955 vs. 2014; 89% are gone

All industries are under threat now, regulated or otherwise.

All industries are becoming digital industries.

Apps are changing the game, across the board.

But you also need a drawbridge - APIs.

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Regulation As a Moat

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Data as a Moat

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The End of Business As Usual

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Wrap Up

Self-service APIs underpin self-service user experiencesBut great APIs don’t guarantee successBuild data moats with analytics and mass aggregationTreat data like Uber – eg ORDPervasive Payability – wearables, gestures, thingsNetwork effects are another moat – the App storePeer to Peer is already hereRegulation won’t stop the disruptionOutsourced IT is risky. Invest in engineering and design

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Last Year’s Recommendations

API-First development

Let others developer the User Experience- they’re better at it

Community Management is not just for Web Companies

Developer Experience marries social and technical

Great Application Experiences are a funnel

Invest in Design

Invest in Developer Relations, Developer Experience

Open Source contributions foster community goodwill

Make future API plans clear from the outset, where possible

Optimise for Happiness – for internal and external developers

Your Data is your most important API asset