I mentioned the Lego Bank not built by Lego recently. It's all about the Open Marketplace of apps, APIs and analytics, and I said that the idea was illustrated well by firms like Solaris, Clear.bank and Bud. Just to follow on from that, here is a series of video interviews we recorded during the meetings about these services, starting with an introduction from Jason Bates of 11:FS and myself.
Bud provides a smorgasbord of consumer finance focused APIs for banks to enrich their apps. Here's Ed Maslaweckas, CEO, outlining how it works:
Leveris help banks to migrate core systems by offering APIs that allow them to rip out and replace components of the bank's offerings, piece by piece. Here's CEO Conor Fennelly giving details of their services:
Solaris Bank from Germany offer a marketplace of APIs to banks, fintechs and merchants to get them rapidly started for offering fully featured financial services. Marko Wenthin, CEO and founder, talked with me about their ideas:
Saxo Bank (speaking at the Financial Services Club, London on October 12) are one of the few banks that have been working in an Open marketplace for years. Heading up their OpenAPI services is Benny Johansen, who talks with me about their experiences here:
Finally, one of the most innovative and exciting projects out there is Clear.Bank. Nick Ogden, CEO, tells me how it all happened:
Chris M Skinner
Chris Skinner is best known as an independent commentator on the financial markets through his blog, TheFinanser.com, as author of the bestselling book Digital Bank, and Chair of the European networking forum the Financial Services Club. He has been voted one of the most influential people in banking by The Financial Brand (as well as one of the best blogs), a FinTech Titan (Next Bank), one of the Fintech Leaders you need to follow (City AM, Deluxe and Jax Finance), as well as one of the Top 40 most influential people in financial technology by the Wall Street Journal's Financial News. To learn more click here...
