Trends and Futures in Financial Services
summary
Claims that APIs plus microservices and cloud are the levers banks use to become platform players, with examples: a State Bank of India platform hitting 5 million users and 100+ partners, and incumbents lowering margins from 60–80% cost-to-income toward ~40–45% by straight‑through processing. Assertions include open banking democratizing data, machine learning models exposed via APIs and microservices, and fintech/tech‑giant partnerships (Goldman–Amazon, Citi–Google, Goldman–Apple) reshaping distribution and payments.
AI-written summary · about
chapters (10)
- 0:00API-driven financial services
- 3:09Banking post-COVID
- 6:39Fintech vs tech giants
- 9:45Open banking data
- 13:57Platforms beyond core banking
- 16:26APIs in platform economy
- 19:56Monetizing APIs data
- 20:39Digital-first operations
- 22:24Future-proofing banks
- 24:31Summary Q&A
related talks
21mThe future of financial institutions
26mHow API Technology is Revolutionizing Financial Services
24mBusiness Model Innovation via open APIs
38mCurrent state of Banking as a Service
26mEmbedded Finance: Enabling ecosystems to drive financial growth and inclusion.
07mThe Democratisation of Financial Services
02mOpen Banking : Business beyond regulation
37mIntroduction to essential elements of Open Banking Framework