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: