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BankForMe

Connect the bank with your life

beaule
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BankForMe

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  1. BankForMeConnect the bank with your life

  2. Do you have your mobile banking app on your smartphone homescreen?Do you receive notifications from your bank(s) on your preferred channel? I’m a teenager and snapchat addict If “amount on current account < limit X” then “send me alert message with snapchat”

  3. Are you able to share notifications with multiple userson their preferred channel? I have a family and I’m managing budget. My wife would like to be aware of key status but does not care about the banking app If “amount on family account < limit X” then “send SMS to me & my wife”

  4. Are you able to trigger actions to your bank from your preferred tool? I’m an entrepreneur managing accounting with google apps If “new row in google sheet” then “create fund transfer to known beneficiary”

  5. Probably not ! Banks (still) focus on « one size fits all » approach They don’t let individuals decide on their interactions with the bank

  6. Let’s use technology to meet individual needs

  7. Do you know or ? @XXXX XXXX@pocket.com XXXX@pocket.com (IFTTT)

  8. Possibilities are infinite … (Zapier)

  9. Apply the same principleLet the client create and manage theirown workflows

  10. Saving (existing US bank)

  11. Create your own workflow Reachamountlimit New beneficiary New statement New transfer New statementfromsearch …

  12. Create your workflow New statementfromsearch Use BankForMesearchoperatorsfor advancedsearch

  13. How it works? YOU BankForMe Bank 3: catch events 1: Create & configure new recipe 4: engine 2: negociate long live token (oAuth?) 5: read/search data (APIs ?) Yourpreferredchannel 6:Trigger actions 7 :Enjoy!

  14. What’s next? The vision … Getready for the bank of things

  15. Personal banking with the Bank of things Tokyo, Japan – 2019 YumiSato needed to take her car to the mechanic. Her car flashed an alert on its dashboard while she was on her way home from work. She wondered how she’d pay for the expensive motor repairs. Arriving home, Yumi pulled out her phone and opened her bank app. At a glance, she could see the budget would be tight. Her bank continuously pulled data from her smart fridge, electric meter, water tank and other appliances, her smartphone’s digital wallet — and even her car — to provide a real-time snapshot of her spending, saving and budget activity. As she looked over the figures, an alert from her bank popped up on-screen. The bank knew her car needed repairs — and here it was with two mechanics’ quotes and available appointment times. As though reading her mind, the bank also provided Yumi with suggestions on how to finance the repair: she could find the funds by reducing her vacation savings for six months, or raise her credit card limit by the amount of the repair. The bank had factored in the latest reduction in her auto insurance, based on the car’s recent data about her driving habits. Yumidecided she could stay a bit closer to home for this year’s vacation, checked her calendar and booked the repair. Instantly, the screen updated her vacation fund goal. Accenture - The Bank of Things - How the Internet of Things will transform Financial Services

  16. Personal banking with the Bank of things Her bank continuously pulled data from her smart fridge, electric meter, water tank and other appliances, her smartphone’s digital wallet — and even her car — to provide a real-time snapshot of her spending, saving and budget activity. As she looked over the figures, an alert from her bank popped up on-screen. The bank knew her car needed repairs She decides to connect fridge on the bank. Fridge send his data whenever it spends money …. Her bank (or another PFM tool) is able to provide a real-time snapshot of her spending, saving and budget activity. As she looked over the figures, an alert from her bank Is sent to his preferred communication app. ETC ETCETC…

  17. Get inspired? http://www.americanbanker.com/news/bank-technology/why-the-internet-of-things-should-be-a-bank-thing-1077911-1.html?zkPrintable=1&nopagination=1&utm_content=buffer3ca3a&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer http://thefinanser.co.uk/fsclub/2015/11/the-rise-of-tokenization-to-secure-the-internet-of-things.html?utm_source=twitterfeed&utm_medium=facebook https://getmondo.co.uk/blog/2015/11/05/why-api-driven-banking-matters/ How financial services can make IoT technology pay off The bank of things

  18. Challenges (bank side) The right webhooks| the right APIs Thinkdifferently – think « lego » - think client, thinkdeveloper • Ex1: your current account is lower than limit X • event when new statement • APIgetBalance for account X • Ex2: new statement from account X • Event when new statement • APIsearchStatement (search query language)

  19. Challenges (bank side) Tokenization Access bank data without re-authentication of the user

  20. Challenges (bank side) Data privacy / Data confidentiality / Trust Customer opt-in, 2 factors confirmation (master device?)… To befurtheranalysed

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