U S Bank Internal API Hackathon hackathon Presentation

U. S Bank Internal API Hackathon hackathon! Presentation Template Consumer Banking Hack-a-thon APIs and their role in Financial Services

CB Insights: 2015 U. S. BANK | 3

A Short History of Fintech Disruption 2012/13 2011 2009 2007 2006 1999 1998

Open APIs in the Fintech ecosystem 600 508 500 400 348 312 2013 300 2009 200 100 89 0 Financial 15 60 Payments e. Commerce Programmable Web; 2013 U. S. BANK | 5

Banks are moving to Open APIs Open Bank Project/Bank Innovation Understanding APIs in Banking report; Oct. 2015 U. S. BANK | 6

Why are Banks Opening their APIs? • To more effectively partner/compete with Fintech startups to create customized solutions • To provide clients a more streamlined way to integrate and access bank data • Drive incremental revenue by accelerating uptake of value-added services through direct & indirect channels • Harness the power of the developer ecosystem to drive innovation

Key Areas of focus for Banking APIs • Providing access to more data and/or using data in new ways (customer, account or transactional data) • Removing friction from purchases and P 2 P payments (giving customer payment choices, enabling cross-border payments) • Enabling financial transactions in new channels (Facebook, digital wallets) • Providing digital investing and lending applications (crowdfunding, P 2 P lending)

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Barclays offers APIs via Developer Network U. S. BANK | 12

Credit Agricole Launches App Store U. S. BANK | 13

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Capital One Launches new Developer Portal https: //developer. capitalone. com/ http: //www. capitalone. io/blog/hello-great-people/ http: //www. programmableweb. com/news/capital-one-launches-first-true-open-banking -platform-u. s. /2016/03/11? platform=hootsuite U. S. BANK | 17

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