WSO2 - Yenlo Integration Summit Stuttgart May 15 2019 - Open Banking APIs and PSD2 Hanseatic Bank - Dirk Koehler
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This document summarizes Dirk Köhler's presentation at the Hanseatic Bank Integration Summit 2019 on their journey implementing PSD2 and Open Banking standards. It discusses how they used the WSO2 Open Banking platform to create a consistent API architecture with standardized interfaces. This helped enable easy onboarding of third-party providers and new business opportunities. Some challenges included addressing security concerns in financial services and adapting to their previously siloed organizational structure. Next steps include expanding their API strategy to develop new strategic partnerships and products.
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WSO2 - Yenlo Integration Summit Stuttgart May 15 2019 - Open Banking APIs and PSD2 Hanseatic Bank - Dirk Koehler
- 1. INTEGRATION SUMMIT 2019 Open Banking API and PSD2 Our journey so far Presented by Dirk Köhler – Hanseatic Bank INTEGRATION
- 4. INTEGRATION SUMMIT 2019 Consumer credit Personal loans (B2B/B2C) Card accounts (B2B/B2C) White-Label
- 5. INTEGRATION SUMMIT 2019 Insurance Residual debt and direct insurances (B2B / B2C) Deposit Fixed and variable rate products (B2C) Factoring Acquisition of short and medium-term receivables out of payment facilities
- 6. INTEGRATION SUMMIT 2019 PSD2 and Open Banking Definitions
- 7. INTEGRATION SUMMIT 2019 PSD2 in a nutshell Source: https://www.cbinsights.com/research/challenger-bank-strategy/
- 8. INTEGRATION SUMMIT 2019 Open Banking Source: https://www2.deloitte.com/de/de/pages/financial-services/articles/open-banking.html
- 9. INTEGRATION SUMMIT 2019 PSD2 and Open Banking Opportunities
- 10. INTEGRATION SUMMIT 2019 Consistent API-Architecture Easy maintenance and scalability Source: https://pxhere.com/en/photo/1566111
- 11. INTEGRATION SUMMIT 2019 Standardized interface landscape Reusability of internal APIs saves implementation time Source: https://pxhere.com/en/photo/1080758
- 12. INTEGRATION SUMMIT 2019 Easy and fast onboarding of TPP New business opportunities Source: https://pxhere.com/en/photo/1452881
- 13. INTEGRATION SUMMIT 2019 Business Intelligence Optimizing products to customer needs Source: https://pxhere.com/en/photo/1159616
- 14. INTEGRATION SUMMIT 2019 Our journey Why WSO2 Open Banking?
- 15. INTEGRATION SUMMIT 2019 WSO2 Open Banking – Key Features API templates that support The Berlin Group API specifications Inbuilt API Security including OAuth2 and certificate validation Strong customer authentication, Adaptive authentication, and User Consent Management API Analytics & Business Insights with Dashboards Fraud Detection and Transaction Risk Analysis Compliance with General Data Protection Regulation (GDPR) Source: WSO2
- 16. INTEGRATION SUMMIT 2019 Our journey Architectural concept
- 17. INTEGRATION SUMMIT 2019 South API Layer North API Layer Core Banking Systems TPP Internal Tools TPP NorthSouthBackend
- 18. INTEGRATION SUMMIT 2019 TestDevelopment Live North API Layer (WSO2 Open Banking) South API Layer (WSO2 API Manager) Backend (Hanseatic Bank Services) Staging approach
- 19. INTEGRATION SUMMIT 2019 Our journey Challenges
- 20. INTEGRATION SUMMIT 2019 Security in financial areas Source: https://pxhere.com/de/photo/1341681 missing trust regulations
- 21. INTEGRATION SUMMIT 2019 Silo based organisation Source: https://pxhere.com/en/photo/752204 data base network developer application management project management system administration
- 22. INTEGRATION SUMMIT 2019 Exemption from fallback interface • 116 pages guideline report • approx. 60 questions • 3 month before mid of September • live conditions • feedback from TPP
- 23. INTEGRATION SUMMIT 2019 2 registered TPP in Germany live conditions? https://de.m.wikipedia.org/wiki/Datei:WTF_(8439080666).jpg
- 24. INTEGRATION SUMMIT 2019 Our journey Next steps
- 25. INTEGRATION SUMMIT 2019 API strategy – next steps base for new strategic opportunities HB mobile banking HB online banking PSD2
- 26. INTEGRATION SUMMIT 2019 API strategy – possible future steps • products • conditions • service functions Open Banking • digital credit application • access to partner account data Strategic Partner • reusable services • migration of existing interfaces • central communication hub internal
- 27. INTEGRATION SUMMIT 2019 Silo based organisation Source: https://pxhere.com/en/photo/752204 data base network developer application management project management system administration
- 28. INTEGRATION SUMMIT 2019 Service based organisation Source: https://pxhere.com/de/photo/1445813 crossfunctional api as one tool to support new approach self organized
- 30. INTEGRATION SUMMIT 2019 THANK YOU wso2.com