Re-Imagining Banking with an API Strategy for Open Banking
There has never been a time of greater change in the global banking industry. With customer demands changing rapidly and banks under huge pressure to adapt their services in line with these expectations, open banking” via an API Strategy can help; reduce costs, provide an agile response to regulatory change, optimise operational efficiency whilst providing a seamless, secure and reliable customer experience.
This is an opportunity not only to comply with but also to embrace the regulatory desire to open up banking, whether via the CMA’s “Retail Banking – Market Investigation: Provisional decisions on remedies” paper published in May, the HMT’s Open Banking Working Group or of course PSD2.
Thinking about everything as a service, or an asset would allow banks to radically change, from a cost to agility perspective. A well-defined API strategy for open banking can address; monetizing new revenue services, integrating agile with legacy and ultimately an opportunity to team with new partners and offer new collaborative services. Given that payments underpin every product and unite every customer, Open API Banking Standard and PSD2 is not a regulatory piece to finish, but a strategic place to start.
Attend this Executive Breakfast Briefing and learn from; Gareth Lodge, Senior Analyst @ Celent, Jerry Norton, VP FSI Practice @ CGI and Richard Farnworth, UK Country Manager @ Axway and your Peers.
- What does the recent update from CMA + Current PSD2 status mean to banking – Highlights + Delivery Timeframe
- The business opportunity of an API-first strategy for open banking – A Business Case Framework
- Key considerations when developing an API strategy for open banking – what can we learn from the market + what could the solution look like?
- Learn how other Industry leaders are taking an API First approach including; NAB, BMW, First Utility, Three, Essent, American Express and BT
This is an exclusive breakfast briefing targeting; Senior Executives that are tasked with delivering Digital Programmes that require an API First Strategy. The morning agenda will include presentations and interactive debate - an opportunity to engage, consider and leverage your peers and experts within a "Chatham House" rules of engagement environment.
Register your interest to attend today.
Agenda & Timings:
08.30-09.00 Registration + Coffee
09.00-09.05 Welcome + Introduction – Gareth Lodge, Celent
09.05-09.15 Goals of the Briefing – Gareth Lodge, Celent
09.15-09.45 Delivering the Bank of the Future to the Customer of Today – discussion points will include:
- What does the recent update from CMA mean to you?
- How does PSD2 fit into the bank of the future?
- How can you align to take advantage and get ahead of the competition?
09.45-10.15 Strategy, tactics and practicalities when forming an API first approach – Jerry Norton, CGI
10.15-10.30 Key Learnings & approaches from Industries taking an API First approach – Highlights from; BMW, First Utility, Three, American Express & BT – Richard Farnworth, Axway
10.30-11.15 Interactive Roundtable hosted by Gareth Lodge, Celent
11.15-11.30 Conclusion + Key takeaways – Gareth Lodge, Celent
If you have any questions, please contact Natalia Lokhova, firstname.lastname@example.org, +44 (0) 7942941159
- Jerry Norton, VP, Head of Strategy, Financial Services, CGI Jerry Norton is VP, Head of Strategy, for CGI’s UK Financial Services sector business having run Logica’s banking business in the UK prior to CGI’s acquisition. He sits on CGI’s Financial Services Industry Growth Council which has oversight of CGI’s financial sector global business which represents 20% of the company’s $10bn revenue. Jerry is a recognised expert in financial services across all sub-sectors, with over 30 years of experience in the UK and International FSI markets.
- Gareth Lodge, Senior Analyst, Celent Gareth has been widely quoted in the media, including Financial Times, BBC News, CNBC, Bloomberg, Computer Weekly, CardLine, Silicon, American Banker and European Card Review. He is a frequent speaker at such events as Sibos, EBADay, NACHA Payments, and the Global Payments Forum. Prior to Celent, Gareth worked for Secura Monde International, where he was a senior consultant. Prior to that, he was a regional research director of European payments at TowerGroup.
- Richard Farnworth, UK Country Manager Richard is Country Manager for the UK & Nordics at Axway. In his role at Axway, Farnworth has overall responsibility for teams in both regions and through his Leadership position is driving operational functions to grow revenue, partnerships and presence across Axway’s entire portfolio. Previous to this role, he had Leadership positions in growth and new markets at Oracle. He has held other management positions at BEA Systems and InterX plc.