apidays LIVE London 2021 - Reaching Maximum Potential in Banking & Insurance with API Mindset October 27 & 28, 2021 APIs in Finance: The Next Evolution Banking APIs Evolution Hector Arias, Head of Open Banking at BBVA

1. Banking APIs evolution
October 2021

2. Our perspective on banking APIs back in 2014
● Off the shelf APIs
● Plug&play
● Regulatory control encapsulated
within the bank

3. We learnt soon that that isn’t the case
#2 - Operating system
#3 - Control
#4 - Core technology
#5 - Business model
#1 - No plug&play (except regulated’s)

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5. #1 - Business strategy determines the ‘shape’ of open banking
Regulatory Partnership White label

6. #2 Operating system - changes for 3rd party business models
● External API creation
process across the
countries.
● Global API catalog
management.
● Standards BBVA-wide
for API products and
partners/customers
experience.
Build Run
● TAMs working along with
customers and partners.
● Developer Center with key
functionalities for
onboarding and support.
● Monitoring processes and
tools.
● Sync among partnerships
team - TAMs - control
functions.

7. #3 Control - Regulation is obviously still there
“Use case” vs API

8. #4 Technology - Resilience to succeed in B2B2X biz models
Speed up development and deployment Same core platform across BBVA.
Connect and orchestrate the elements of the E2E services Hybrid cloud.
Early-stage Mid-stage Late-stage Traditional Corporates ...

9. #5 Business model - APIs are powerful enablers but not the
business model itself*
*except if you are running pure BaaS with white label APIs + banking charter
Innovative use cases
embedding services
cross-industries

10. We know we can’t walk alone.
Collaboration with the
ecosystem is key for us.
Collaborative MIND

11. Thank you!
Héctor Arias
Head of Open Banking business operations
BBVA Global