BankTech for Fintechs Stefan Weiss

Stefan Weiß – Head of Open Platforms

Fidor

Banktech for FinTech

Banks may have changes since then.

Banking still has to be changed.

Changes in Consumers’ Lifes in 10 Years

I want it now!

Internet

Smartphone

Tablet

Facebook

Snapchat

Tinder

“This may come as a surprise but,

some of our customers do not have a drone, yet.” Ole Madsen, Spar Nord Bank

TECH IS ONLY ONE ASPECT OF FINTECH

FCA

TechSprint

April 2016

Powered by Fidor

Traditional Banks’ Biggest Challenges

Legacy Banking Systems

Regulation, Compliance

Lower IT Budgets

Inflexible Hierarchy

No Listening Culture

Fidor Create better banking

for a digital world

• Products

• Solutions

• Innovation

Fid

orO

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ore

Fro

nten

ds

What is fOS?

A modular, extensible

middleware with:

• Connector to CBS

• Business modules

• Local storage

• APIs for

• fOS services

• Frontends

• 3rd party services

(active and passive,

e.g. KYC, billing, …)

• Transfer schemes,

payment networks

• Federated systems

• Legacy systems CB

S

digital banking accelerator

Core Banking

Challenge

Core Banking System

FidorOS

Hit the CBS only when it’s

necessary

Import all financial

transactions

Digital Banking

Accelerator

Fidor's Digital Banking

Accelerator is a suite of white-

label ready, responsive web

and native apps, and API

enabled application modules for

Digital Banking and Community.

It provides all the standard

digital banking functionalities

and is expandable, thanks to its

modular design

It is designed to integrate and

work seamlessly with your Core

Banking System, running on-

premise in your data centers, or

in the cloud.

Fid

orO

S c

ore

Fro

nten

ds

CB

S

API

Banking

Standard Technology:

• RESTfull APIs

• JSON

• OAuth2.0

• Starter-Kits for Node, PHP, Go, Ruby

Fidor offers APIs for:

• User Management & Onboarding

• Accounts & Transactions

• Payments & Authorization

• Savings Products

• Overdrafts, Loans & Scoring

• Card Management

• 3rd Party Services

Mobile experience

API based

frontends

HTML 5, responsive and

reactive web frontends

API based

frontends

APIs are only a small part

of the offering, but for some

customers they are the

decisive element.

• Automation

• Innovation

APIs for end

customers

3rd party

integration

Approaches:

• Simple CMS listing

(good for cross selling)

• API only connection

(good for FinTechs that need

bank services)

• In-Accounts Apps in Finance

Bay (good for re-bundeling

services)

• Full integration, customer

branded (good for offering

re-branded 3rd party services

like GMT, precious metals, …)

FidorOS’ APIs and API

management support easy on-

boarding and integration of 3rd

party services.

Product Modules

FidorOS core Frontends

FidorO

S

Core M

odules

CBS

Fidor Smart

Community

•

•

•

•

•

•

•

•

•

•

Raise awareness and answer

questions

Social Networking and scoring

Members may enter and rate

financial products

Members may rate financial

experts

Members may enter savings

tips

Create community groups

Rate content, up-vote and

down-vote

Bonus System

Quality Ensurance by

Community Karma Systrem

Moderators Dashboard

Fidor Smart Banking

Fidor Community

Fidor Smart

Banking

• Smart Account, Interest

Bearing, High Yield

• Overdraft, Shot Term Loan,

Standing Orders

• SEPA Credit, DD, Mandate

Management

• Pay-in and Payout for Reference

Accounts

• Pay-in Giropay

• Global Money Transfer

• Crowd-funding, P2P Loans,

Lending

• Previous Metals, Virtual

Currencies

• Send money, precious metals,

saving certificates to mobile

numbers, email, twitter

• Send Money to Ripple wallet

• Integrates to your Core Banking

System

APPs TURN A BANK ACOUNT INTO A SMART ACCOUNT

Fidor Smart

Banking

smart

community

smart

banking

60 second promise:

Don’t waste the time of your

customers

CMS

• White-label capable CMS,

• SEO optimized

• Templates

• Revision/Version System

• Drag and drop page builder,

with 30 widgets for page

design

• Social media features

including share buttons, open

graph tags, twitter cards

• Rich text editors

• Forms

• Multi-language

• Document and File Manager

• Dictionary

• Role Management

• Integration to 3rd parties,

such as Selligent and

Novomind

Fidor CMS

Fidor

Backoffice • Provides a central

view for Customer

Service and

Administrators to

features for all fidor

OS modules

• Complete role and

rights management

for back-office users

Fidor Backoffice (API based)

Identity

Service • Central User DB

• Stores KYC data

• Single Sign On

• Provides a global

nickname service for

fidor community

instances

App Manager

(API Manager) • Provides the developer

portal for 3rd parties to

register and manage

access for their

applications and

services

• Provides authentication,

authorization, an scopes

for API access to

customers and partners

• Provides Sandbox for

testing and debugging

Register Application

Add Scopes

Download Demo Apps Use Sandbox

Access Logfiles Add Team Members

Activate Application

Fidor API and Application Manager Environment (App Manager)

Analytics

• Powered by qlikview

• Configurable and

customizable

dashboards with near

real-time updates

Fidor Analytics Dashboards

Scoring

• Fidor to develop a Scoring

and Decision Engine

• Designed to easily connect

with 3rd party systems,

specific to each market

• Provides advanced

capabilities for business

users to manage rules and

scorecards.

Loyalty

• Fidor Loyalty Service

• Captures customer

interactions and events to

reward loyalty points

• e.g. rewards for

completing KYC, first card

transaction, referrals

Fidor Smart Banking

Loyalty in

Fidor Community

Cards

Gateway • Processes all card

operations, including

ordering, activation,

renewal, authorizations,

clearings, limits, etc…

• Provides a standard

interface for card

transactions

Fidor X

• A next generation frontend

template for digital banking

• HTML 5, responsive and

reactive

• fidorX is a project

accelerator, designed

around standard and easily

adoptable technologies

• All fidorX code delivered as

a template

• Customers can get started

quickly in customizing

fidorX – low learning curve,

barrier to entry, and no

proprietary technologies

• Fully API driven, using API’s

of community and banking

FidorX (Vision) – the new API driven front-end

PSD2, X2A, Open Banking Regulation: Threat or Opportunity?

BANKS & FINTECH

p. 40

THANK YOU FOR

YOUR ATTENTION!

Stefan Weiß MBA

Head of Open Banking Platforms

@weiss2go

Munich – Berlin – London – New York - Dubai

www.fidor.com