The future of financial institutions
summary
Claim: APIs break banks into interchangeable layers so incumbents either become platforms via Deutsche Bank + Traxpay style integrations or specialist providers expose services like Solarisbank BaaS. Non-financial ecosystems embed finance — example: Grab bought Bento to add wallets, lending and insurance — while a 2001 Allfinanz push shows integration can fail (over $10bn loss). Regulators and PSD2 plus the stat that 65% of users downloaded no new apps in 2019 drive API-first adoption.
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chapters (12)
- 0:00Start
- 3:08Case Study: Deutsche Bank and Traxpay
- 4:02Case Study: SolarisBank - API only bank
- 6:37Model 3 Case Study: Grab Super APP
- 7:55Allfinanz: Failed Merger
- 9:35Why Now?
- 10:16Enabling Banking Platforms
- 11:26Fintech Ecosystem: Ever Growing
- 12:15Hurdles for Adoption
- 14:02Safety and Security
- 15:05Need to create API infrastructure
- 16:49Benefits from API-First Thinking
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