Keynote: Open Finance: An Open Source View- Declan O'Gorman
summary
NatWest describes moving from regulated Open Banking to an open ecosystem model: publishing ~200 APIs on bankofapis.com, moving code to GitLab monorepo, open sourcing SDKs and adopting FDC3. Real outcomes include 57 unexpected reuses of services, 2 million customers via partners, half a billion calls/month, a 25%+ lift in MPS and 160% rise in AUM for NatWest Invest. Concrete products using the APIs: FreeAgent, Cora chatbot, Rooster, PayIt, and a sanctions API used by marketplaces.
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chapters (7)
- 0:00Open finance introduction
- 1:05Open banking history
- 2:33Cultural shift to APIs
- 4:18Culture drivers for collaboration
- 7:06Unexpected API reuse examples
- 10:16Open source in open finance
- 12:23Progress and future plans
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