Issue link: https://go.axway.com/i/1321495
25 Open Banking APIs State of the Market Report 2020 US & CANADA In addition to their open APIs that match a Banking as a Service product range, the bank's API catalogue also includes APIs released from partners. While pricing is opaque, it appears API users pay to access production use of the bank's API range and the bank may also receive revenue through publishing APIs of third party partners in their marketplace. Several of the third[party API products would require the end customers to create a bank account or access other bank products to use the third party's services, thus driving new customers and bank product revenue. Offers APIs with additional functionalities, notably around loan products By making loan product APIs available to third parties, the bank can drive new loan customer business to the bank LATIN AMERICA Lists successful apps created with the bank's APIs, acting as a marketplace that drives new customers to third party partners. Third party partners include a loans product underwritten by the government, addressing financial inclusion needs, and which can then drive new loan customers to the bank ASIA PACIFIC Has created end customer journeys, such as managing a home loan, to demonstrate the ways to use the bank's APIs for mortgage calculation and loan application. Offers a range of product and data APIs to assist business customers identify lead generation opportunities. Offers Rewards APIs to assist merchants to build loyalty programs and enable rewards payments across ecosystem partners. Enables bank to extend loan products and other banking services to new customer segments by leveraging third party providers as new distribution channels. Investing in a new partnership program to enlist fintech for future collaborations Offer a wide range of APIs aimed at bringing new customers to the bank's products including mortgage/ loan services, credit cards and bank accounts. APIs focused on offering bank services and products to end customers of affiliate partners. Potentially a shared revenue model. Third party providers can offer online application and loan access via APIs, allowing the bank to use third parties as new distributors. Additional developer supports are provided including dummy corporate data to test in application development. Currently no charge on API calls, although API product templates include pricing areas, suggesting that in future APIs may be monetized. ASIA PACIFIC Includes challenges/events, and support forum. APIs are divided into two categories: • Open Banking APIs for Consumer Data Right- regulated APIs • NAB APIs that have a potential commercial/ monetization opportunity. • APIs also provided as Postman collections to facilitate developer adoption. While the non-regulated APIs at present appear to have limited commercial opportunity, they can act as a marketing channel for the bank (product catalogue, locations, and FX rates). They may also act as an opportunity for the bank to identify potential partners in future. Offers open APIs for payments, accounts and transfers. Engaging developer portal. Provides developer documentation in most popular languages used by local developers. Has leveraged relationships with third party providers to bring in new accounts and to generate new revenue from processing fees for crowdfunding and trading services offered by third parties using the bank's APIs. PROMISING PRACTICES cont.