Open Bank Project workshop at API Days, Open BankIng and Fintech, London 2015
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Simon Redfern, CEO Bank as a Platform Transparency as an asset Workshop
Transcript of Open Bank Project workshop at API Days, Open BankIng and Fintech, London 2015
Simon Redfern, CEO
Bank as a Platform
Transparency as an asset
Workshop
Our Vision
1995!
Why do we need a Web site?!
2000! 2010! 2020!
Of course we have a Web site!
Of course we have an API!
Why do we need an API?!
In the future, every bank will have an API
“By 2016, 75% of the top 50 global banks will have launched an API platform and 25% will have launched a customer-facing app store”!
“Bank as a Platform”: Modern, open APIs accelerate sustainable and secure customer-centric banking innovation by leveraging an ecosystem of third party applications and services. !
The Open Bank Project
Is an Open Source API for banks!
1/ Open Banking API!
2/ Developer !Community! 3/ Apps!
Open Bank Project
Application..
500+ developers using the Open Bank Project API!
..Ecosystem
...The possibilities are endless!!www.openbankproject.com/apps!
Open Source API stack
• RESTful banking model • Scala in JVM • OAuth included • Data and Auth
Connectors • Linked Metadata and
Entitlements • Dual licensed AGPL &
Commercial • Github https://github.com/
OpenBankProject/
Developer Tools
Apache Licensed SDKs (Handle the OAuth flow)
Run locally
OAuth
Versioning
https://bnp-paribas.openbankproject.com/obp/v1.2.1/banks
https://ulsterbank.openbankproject.com/obp/v1.3.0/banks
In URL (easy to read / test)
Documentation Github Wiki: https://github.com/OpenBankProject/OBP-API/wiki/REST-API-V1.4.0
API to document API J
API Explorer
Explore API in context of the logged in user J
Documentation in code
Near the Code – So we can add HAL
Multiple Banks
/banks/BANK_ID
Try it: https://sofi.openbankproject.com/api-explorer
• rbs • natwest • ulster-bank-ni • ulster-bank
Multiple Account Views
Multiple views on an account (don’t assume owner is accessing) /accounts/private • owner • auditor • public • shareholders • regulator • add-your-own
Fine grained permissions
Entitlements on each account view:
/banks /BANK_ID /accounts /ACCOUNT_ID /VIEW_ID /account
Transparency Options
• Guest Access (accountant, auditor) • Public Views (NGO, Charity) • Aliases for Counterparties
(preserve privacy)
Meta Data
• Counterparties (urls, geolocation) • Transactions (tags, comments) • Customers (face image) • Etc.
Stored outside Core Banking System
Roadmap
www.openbankproject.com/roadmap/
Next Hackathons
Banks can leverage the OBP API to create better customer relationships
RBS - Edinburgh, Oct 9th-11th !
London, Nov 7th-8th !
Delhi, Dec 14th-16th !
Simon Redfern!@simsysims!
@OpenBankProject"www.openbankproject.com"
"www.hackmakethebank.com"
"
Thank You!
