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APIs ARE NOT ENOUGH How open communities will make open banking truly disruptive Eric Marts Principal, Financial Services October 2018

APIs ARE NOT ENOUGH - Red Hat · How open communities will make open banking truly disruptive Eric Marts Principal, Financial Services October 2018. 2 THRIVE, SURVIVE OR DIE THRIVE

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Page 1: APIs ARE NOT ENOUGH - Red Hat · How open communities will make open banking truly disruptive Eric Marts Principal, Financial Services October 2018. 2 THRIVE, SURVIVE OR DIE THRIVE

APIs ARE NOT ENOUGHHow open communities will make open banking truly disruptive

Eric MartsPrincipal, Financial ServicesOctober 2018

Page 2: APIs ARE NOT ENOUGH - Red Hat · How open communities will make open banking truly disruptive Eric Marts Principal, Financial Services October 2018. 2 THRIVE, SURVIVE OR DIE THRIVE

2

THRIVE, SURVIVE OR DIE

2

THRIVE SURVIVE DIE

Page 3: APIs ARE NOT ENOUGH - Red Hat · How open communities will make open banking truly disruptive Eric Marts Principal, Financial Services October 2018. 2 THRIVE, SURVIVE OR DIE THRIVE

3

A STORY OF DISRUPTIVE INNOVATION ...

IDEA BUILD DISTRIBUTE

Page 4: APIs ARE NOT ENOUGH - Red Hat · How open communities will make open banking truly disruptive Eric Marts Principal, Financial Services October 2018. 2 THRIVE, SURVIVE OR DIE THRIVE

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OPEN SOURCE IS EVERYWHERE

"Open-source software saturation is complete: Today, 95% of mainstream technology organizations leverage nontrivial open-source software assets within their

mission-critical portfolios — whether they know it or not."- GARTNER

"Open-source software saturation is complete: Today, 95% of mainstream technology organizations leverage nontrivial open-source software assets within their mission-critical portfolios — whether they know it or not."

Page 5: APIs ARE NOT ENOUGH - Red Hat · How open communities will make open banking truly disruptive Eric Marts Principal, Financial Services October 2018. 2 THRIVE, SURVIVE OR DIE THRIVE

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AND SHAMELESS PLUG

https://www.amazon.com/How-Open-Source-Ate-Software/dp/1484238931

Page 6: APIs ARE NOT ENOUGH - Red Hat · How open communities will make open banking truly disruptive Eric Marts Principal, Financial Services October 2018. 2 THRIVE, SURVIVE OR DIE THRIVE

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A LITTLE ABOUT RED HAT

MORE THAN

90%OF THE

FORTUNE100

PRODUCTS &

USE

RED HAT®

SOLUTIONS*

~11,300EMPLOYEES

95OFFICES

S&P

500COMPANY

NYSE:

RHT35COUNTRIES

SOLUTIONSAWARD-WINNING

Page 7: APIs ARE NOT ENOUGH - Red Hat · How open communities will make open banking truly disruptive Eric Marts Principal, Financial Services October 2018. 2 THRIVE, SURVIVE OR DIE THRIVE

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OPEN BANKING TRULY DISRUPTIVE?

"Open-source software saturation is complete: Today, 95% of mainstream technology organizations leverage nontrivial open-source software assets within their

mission-critical portfolios — whether they know it or not."- GARTNER

Page 8: APIs ARE NOT ENOUGH - Red Hat · How open communities will make open banking truly disruptive Eric Marts Principal, Financial Services October 2018. 2 THRIVE, SURVIVE OR DIE THRIVE

TESOBE:: The business behind the Open Bank Project

Open Bank Project is the leading open source API and App Store for banks and a developer community around.

Open standards

(International)

Open source technology (160+API’s)

10,000 global developers

(Community)

Page 9: APIs ARE NOT ENOUGH - Red Hat · How open communities will make open banking truly disruptive Eric Marts Principal, Financial Services October 2018. 2 THRIVE, SURVIVE OR DIE THRIVE

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FinTechs use the Open Bank Project API

10k

Page 10: APIs ARE NOT ENOUGH - Red Hat · How open communities will make open banking truly disruptive Eric Marts Principal, Financial Services October 2018. 2 THRIVE, SURVIVE OR DIE THRIVE

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