Issue link: https://go.axway.com/i/1321495
24 Open Banking APIs State of the Market Report 2020 EUROPE & SCANDINAVIA Full suite developer portal including: • Online developer studio to code in Python, PHP, Node,js and HTML • Extensive catalogue of APIs including instant loan platform, customer insights, ecommerce APIs, ERP connections, and rewards APIs • Support Forums (where bank leads respond to developer queries in a timely manner) • Challenges with substantial prizes • Slack channel with 204 developers participating At present, there are no pricing fees indicated for individual APIs, but each specific API product lists potential developer segments and businesses (such as crowdfunding platforms, software providers, merchants and ticket providers). This will be important in future if moving towards monetization. In addition, some APIs are only available to registered partners, suggesting a business model is in place. Provides APIs beyond PSD2 requirements, specifically targeting two third party provider segments: equity crowdfunding and independent financial advisers. Banks are leveraging open APIs to partner with crowdfunding providers as it enables two revenue streams: crowdfunding customers need a bank account to receive their loans payments, so the bank can become the account manager for the crowdfunding provider's customers. In addition, the bank may be able to earn transaction fees from processing loan payments made by these new bank customers. Similarly independent financial advisers may bring in higher value customers and the bank may be able to charge processing fees on investment trades, for example. Provides a full range of Banking as a Service APIs that allow small and medium enterprise customers to offer a range of financial services including cards and loans. The bank can underwrite the loans, for example, and establishes pricing plans with their business customers who then charge the end customer/lender. Opaque pricing: business customers enter partnership agreements to use the Banking as a Service APIs and to provide banking services to their end customers at a fee. Partners include American Express and Samsung Pay and revenues have doubled each year since 2017, with over 400,000 end customer bank accounts provided via the business BaaS customer base. Goes beyond PSD2 APIs to offer a wider range of APIs that can help third party providers build APIs. Also targets APIs to enable business customers to integrate their bank account into their internal business processes. Developer portal includes an area for creation of new applications that can be reviewed and approved for production use by the bank. Includes APIs that enable external partners to facilitate opening of new bank accounts for their customers UK Extends open banking regulation APIs to offerings that can help third party providers monitor how their apps are performing using the bank's APIs. Offers support tickets, forum and dedicated Twitter account for developer community Specifically targets businesses, offering access to the banking group's 10 million customers, and pledged to work with fintech through partnership models which may include new revenue streams While limited to only offering their own open banking regulation APIs, this bank has instead created a marketplace platform in which external partners can share their products to bank customers via API integrations The bank has been able to significantly grow marketplace platform revenue through this approach This also strengthens relationships with customers who are more reluctant to switch banks once they have multiple integrations connected to their bank accounts PROMISING PRACTICES cont.