GLOBAL OPEN BANKING ECOSYSTEM

Transcription

1 GLOBAL OPEN BANKING ECOSYSTEM CRIF POSITIONING Gian Bruno Mazzi CRIF Salone dei pagamenti Milano 8 novembre 2018

2 Agenda 1 Open Banking: the new normal 2 EU perspective 3 CRIF evolution path 4 Digital Ecosystem 2

3 Agenda 1 Open Banking: the new normal 2 EU perspective 3 CRIF evolution path 4 Digital Ecosystem 3

4 THE NEW NORMAL: THE WORLD OF OPEN BANKING Open Banking: what does it mean and driven by,? What does it mean... is a new term to describe a varied range of initiatives about account information access and initiation Market driven initiative what is it driven by,.. Regulatory driven initiative Source. CRIF elaboration on Global Data s Research 4

5 THE WORLD OF OPEN BANKING: VALUE ADDED AREAS The Open Banking world BANK «ALONE» BANK + III PARTIES On line and mobile Banking PISP Alternative lenders Marketplace and comparison Business Models AISP Utilities App Accounting & trans Credit & Lending Source. CRIF elaboration on Global Data s Research VAS PSD2 Accounting & trans Credit & Lending VAS 5

6 Open Banking applies differently to parts of the market with various value propositions for each segment FINANCIAL SERVICES LANDSCAPE Source. CRIF elaboration on Global Data s Analysis 6

7 Agenda 1 Open Banking: the new normal 2 EU perspective 3 CRIF evolution path 4 Digital Ecosystem 7

8 APIs: lack of a unique standard slows down banks readiness There are a number of API standards being established, providing opportunities for APIs aggregators to emerge (e.g., Equens Worldline, Figo, First Data) ILLUSTRATIVE however, many countries do not have a standard so, banks have to provide their own APIs and few of them are ready In this perspective the CBI PSD2 Gateway can play a key role to standardize and simplify the access to the Italian bank accounts by other banks and TPPs and to enrich the Italian banks VAS proposition as well. 8

9 CBI PSD2 Gateway/CRIF PSD2 Offering: a complementary role CRIF CRIF OFFERING Digital onboarding XS2A Analytics o Score XS2A/Credit o PFM BFM Retail SME Bureau KPI: Risk Management Cross-up selling 9

10 Agenda 1 Open Banking: the new normal 2 EU perspective 3 CRIF evolution path 4 Digital Ecosystem 10

11 CRIF AT A GLANCE ,400+ country-based operations subsidiary companies continents staff professionals to serve you Total revenues (millions of Euro) 6, , ,000+ financial institutions business clients consumers use CRIF services in 50 countries countries with credit bureau solutions software installations

12 THE MAIN STEPS OF CRIF EVOLUTION From Info provider to Strategic Partner in the new Ecosystem 2 3 CRIF EUROPEAN AISP Market Maker Strategic partner in the new ecosystem 1 Knowledge excellence operator Information Solutions Outsourcing Rating Agency Personal Solutions Value Chain enabler Value of combinatorial effect of each field of excellence - + Global Play Digital Aggregator, Platform and Ecosystem Leader/Maker 12

13 Agenda 1 Open Banking: the new normal 2 EU perspective 3 CRIF evolution path 4 Digital Ecosystem 13

14 Digital Platform Economy New Business Models allow demand for and supply of services to meet, strengthened by digital relationships Across industries, data is increasingly used in the supply of VAS (Value Added Services), ensuring a quicker, cheaper and more convenient customer experience Digital Platforms allow parternship ecosystems to be built, to correctly and successfully channel client requests, combining the various players characteristics PSD2 as the premise to open banking logic, enabling the aggregation of new value chains 14

15 Emerging co-opetition model over a strong supplier/partner framework The Open Banking world There is a prevailing source & partner vs. build approach that appears to be common throughout the market 15

16 SUPPLY The future of the banking system CRIF trusted digital aggregator to create benefits for all players in the ecosystem BANK INSURANCE TELCO UTILITY E-COMMERCE COMPANIES BANKING & NON BANKING ECOSYSTEM CRIF Role Matching supply and demand Offering advanced analytics for all the players Meeting point for new trade flow Families Corporate Millennials SME DISTRIBUTION & DEMAND 16

17 Gian Bruno Mazzi Board Member CRIF