Open APIs - Open Banking - Digital Transformation

Download Open APIs - Open Banking -  Digital Transformation

Post on 18-Mar-2018

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Going the Extra MileOpen APIs Open Banking Digital TransformationSeshika FernandoHead - Financial SolutionsWSO2ABOUT WSO22Mountain View,New York, London,Sao Paolo, ColomboFounded in 2005Venture backed by Cisco and Toba Capital450 Employees;300 Engineers400+ Customers,175 New Customersin 2017OPEN TECHNOLOGY FOR AGILE DIGITAL BUSINESS3Build internal and external developer ecosystems with an API marketplace.Manage identity, security, and privacy across your digital business.Make mobile and IoTdevices integral to your digital business.Create real-time, intelligent, actionable business insights and data products.Platform enable your digital business with micro-services and micro-integrations.Open Banking and PSD2Beyond Compliance Market ExpansionBank ABank BBank CMerchantConsolidated customer account and payment info across multiple BanksTPPTPPBeyond Compliance - New Revenue StreamsConsolidated customer account and payment info across multiple BanksBank ABank BBank CMerchantTPPReality Legacy core banking systems and challenges in exposing data via APIs Existing IAM solution incapable of SCA and Consent Management APIM or IAM focus without seeing the broader benefits Lack of consensus between specifications making API integration impossibleQuick fix compliance solutions inability to cater to DT needsNeed of the hour Technology preconfigured for full compliance as well as business expansion Standards-based API-M/Integration interoperable with COTS or bespoke tech Minimum impact/changes to existing internal systems and B2B integrations Ability to implement through Banks / TPPs preferred local partners Structured training programs for IT staff Ability to seamlessly cater to evolving regulations and business priorities1. Strong Customer Authentication (SCA)API ManagementAPI Security + SCAConsent ManagementTPP Onboarding API AnalyticsPSD2 ComplianceAPI IntegrationFraud DetectionTransaction Risk Analysis API Analytics DashboardsTPP ProviderWeb/Mobile App SuiteBusiness InsightsInsight SalesRequired IntegrationDigital TransformationWSO2 Open BankingTHANK YOUwso2.comhttp://wso2.com/http://wso2.com/https://www.linkedin.com/company-beta/66028/https://www.linkedin.com/company-beta/66028/https://twitter.com/wso2https://twitter.com/wso2https://www.youtube.com/user/WSO2TechFlicks?sub_confirmation=1https://www.youtube.com/user/WSO2TechFlicks?sub_confirmation=1https://www.facebook.com/WSO2Inchttps://www.facebook.com/WSO2Inchttps://plus.google.com/102978163165933210309https://plus.google.com/102978163165933210309

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