Issue link: https://recursos.axway.com/i/1321495
23 Open Banking APIs State of the Market Report 2020 REGION BANK PROMISING PRACTICE POTENTIAL IMPACT ON MONETIZATION/BUSINESS MODELS EUROPE & SCANDINAVIA Has developed partnerships with business SaaS tools such as CRM and business software marketplaces so that end customers can access the bank's APIs via third party providers. Holds regularly meetups and events and publishes blog posts to keep their developer community engaged. Have begun monetizing some of their APIs, including a payments request API that allows businesses to offer text channels for customer payments. API calls are sold on a sliding scale depending on number of calls per month, with discounts for higher volume. Has divided API program into two streams: PSD2 APIs and Premium APIs. Already has 20 premium partners participating, offering design thinking, coaching, and access to other ecosystem partners. Shares details of forthcoming APIs in order to assist third parties design new products and services. Provides wide range fo Banking as a Service APIs to corporate customers. "Premium APIs" suggests that these will be paid bundles of high value APIs that can create new shared revenue models in partnership with the selected external providers. Several forthcoming APIs will help the bank offer Banking as a Service to end customers who in turn will be using the bank's products and services (via corporate intermediaries). Engaging developer portal. A present, offers PSD2 APIs but has enhanced basic offerings with full value chain components including confirmation of funds, mass payments, and cancellation of payment functionalities. This demonstrates an understanding of the API product range needed by third party providers when building products even with just basic payments and account integrations. Opaque pricing structure states "Once your app goes live, you'll pay some charges for access to certain data." Developer portal specifically highlights opportunities to work with third party providers to "Access to new business models and income streams through our APIs" Divides APIs into three streams: • Open APIs that do not require registration (includes exchange rates and bank product catalogue APIs) • Partner services APIs (for those with a partnership agreement) • PSD2 APIs Partner APIs enable an affiliate revenue sharing model for creation of products and services which drive new business to the bank. Around the globe, many banks are opening APIs because they are required to do so by regulations. But a leadership group is emerging that is going beyond the essentials and beginning to leverage open APIs as a new revenue stream and to reorient towards a platform model that exposes bank functionalities to ecosystem partners. A range of promising practices that can help banks reorient towards a platform mindset are becoming evident. The majority of open banking platforms do not publicly announce their pricing strategies, but it is clear that leaders are establishing their digital rails in a way that will make this possible in future. PROMISING PRACTICES FROM 20 OPEN BANKING LEADERS PROMISING PRACTICES