Capgemini’s Open Banking Solution

Leverage the power of open APIs to drive business opportunity. An open API platform strategy builds on the banking industry’s core strengths of trust and brand recognition, as well as historical customer data. Open banking presents a new set of digitally-enabled business opportunities, as well as access to new business model extensions through partnership collaborations.

Disruption: A Catalyst for Positive Change

FinTechs, Unicorns and Neobanks are transforming the banking ecosystem through a gale force infusion of innovation. And a new financial services’ landscape is quickly developing in which Application Program Interfaces (APIs) play an influential role in everything from compliance to regulatory standards and operational excellence to new value propositions for end customers. API opportunities are tangible, but a variety of transformation challenges must be considered before moving to a digital model.

Adopting open APIs makes it easier to collect actionable data in the form of customer purchasing decisions, loan needs, and preferred journey patterns, while gaining access to contextual information relating to risk profiles, future income projections, etc. These new insights inform machine learning and support multi-channel marketing, which reduces reliance on above-the-line spending and a federated agency network. 

Secure, Open Banking APIs for Revenue Growth

The first step to maximise business value from APIs is to identify and prioritise the tangible opportunities. Capgemini can help jump start your journey through our proven and tested API planning and mobilisation engagement process, which helps to define your API-as-a-product operating model.

Our fully-integrated API platform helps banks quickly develop and implement APIs for their Open Banking initiatives. This well-tested, highly-secure system allows digital services to be integrated quickly, consistently and cost effectively—on site or in the cloud.

Additionally, banks can access Capgemini’s innovation ecosystem—a broad range of collaborative partners and FinTechs—through our Applied Innovation Exchange platform and Money + Magic Approach.

Capgemini Monetises Your Open Banking Initiatives

As a financial services digital transformation leader, our assessment frameworks and API value-creation models are backed by more than 30 years of banking and financial services experience and extensive industry research. Our value-added services encompass the business implications for your API strategy and priorities—we help you identify, prioritise and mobilise your API monetisation initiatives.

We incorporate best-of-breed, fit-for-purpose technologies such as Amazon Web Services, Pivotal Cloud Foundry, IBM, Mulesoft, Splunk, Ping Identity and AppDynamics. 

Capgemini’s repository of pre-built APIs includes Revised Payment Services Directive (PSD2) applications that can help reduce time to market and to EU compliance.

 

For a complimentary workshop on how to create value from APIs or a demo of Capgemini’s API platform – contact us at banking@capgemini.com

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