Open banking - From Efficiencies to Externalities!
summary
Bank drives from internal efficiency to platform monetization by launching 110 APIs live since 2016, claiming to be first in Southeast Asia and plugging into government systems with CPF and IRAS integrations that now serve Singapore-wide workloads. Strategy centers on scalable gatekeeping and “VPI” value-proposition interfaces, curating B2B2C use cases, accepting lower transactional margins for portfolio-level earnings, and investing in people (about $10M upskilling). Key pain points are curation bottlenecks, weak customer adoption of many APIs, and the engineering shift to externalized services.
AI-written summary · about
chapters (6)
- 0:00Start
- 5:44Ecosystem Driven
- 7:19Consumer Motivations
- 7:51Slingshot Opportunities
- 11:07Definition of Open Banking
- 15:43Skills Development
related talks
18mOpen Banking Ecosystem – Development, Opportunities & Challenges.
30mCo-creating API Ecosystem for Financial Services
24mProductising APIs: A journey in how we built API products in SEA
26mBeyond Open Banking - Open Innovation & Open Business
23mOpen Banking: The 3rd Channel
31mOpen Banking – The Brand , the Challenges and the Future
30mConnecting the digital economy in South East Asia with APIs
23mAboard the Beagle: New species in the banking ecosystems