j henry and cornerstone conversation series
TRANSCRIPT
JACK HENRY AND CORNERSTONE CONVERSATION SERIESEPISODE 2 - IT TAKES A VILLAGE: A DISCUSSION ON OPENNESS AS A STRATEGY
All participants will be mutedQ&A session will immediately follow the presentation
Please use the WebEx Q&A feature to ask questions -
Ron ShevlinManaging Director, Fintech ResearchCornerstone Advisors
Lee WetheringtonDirector of Strategic InsightJack Henry & Associates
Steve WilliamsPresidentCornerstone Advisors
AGENDA
• Introductions/agenda/logistics• What’s Going On in Banking
--Libra--Digital sales--Faster payments--PFM
• What’s Going On in Open Banking--API deployment--Openness vs. Open banking--API challenges
• Q&A
Mark ForbisChief Technology OfficerJack Henry & Associates
API DEPLOYMENT IN MID-SIZE FINANCIAL INSTITUTIONS
Source: Cornerstone Advisors
39% 38%23%
Deployed before 2019 Expect to deploy in2019 or 2020
No current plans todeploy
Which best describes API deployment in your organization?
TYPES OF APIs USED BY BANKS
60%55%
32%
15%
Internal APIs Partner APIs Open APIs None
What kind of APIs does your organization use?
Source: Open Bank Project
OPENNESS VS. OPEN BANKING
Openness is more than connecting industry innovations via open APIs to
your technology platform.
OPENNESS VS. OPEN BANKING
An open approach to banking will require a change in the way vendors, financial institutions, consumers
and businesses interact and transact with each other, and what they expect from each other.
CHALLENGES POSED BY BANKING API FRAMEWORKS
Source: Temenos and The Economist Intelligence Unit
Please use the WebEx Q&A feature to ask questions
GOT QUESTIONS?(OR COMMENTS)
What’s Going on In Banking 2019 Study hs.crnrstone.com/whats-going-on-in-banking-2019
Jack Henry & Associatesjackhenry.com
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Ron ShevlinManaging Director, Fintech ResearchCornerstone Advisors
Lee WetheringtonDirector of Strategic InsightJack Henry & Associates
Steve WilliamsPresidentCornerstone Advisors
Mark ForbisChief Technology OfficerJack Henry & Associates