Access. Consolidate. Mitigate.

The Future of Payments is Connected

Rónán Gallagher

Online Betaal Congress, Utrecht, March 8th 2016

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OUR PLATFORM

RAPID DEPLOYMENTINTUITIVE AND

EASY TO USE

VENDOR AND INTEGRATION LIBERATION

OMNI-CHANNELTECHNOLOGY

LOW COST OF OWNERSHIP & IMMEDIATE ROI

INFINITE CUSTOMIZATION

POSSIBILITIES

WORLD’S LARGEST RISK MANAGEMENT

PORTFOLIO

AWARDS

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LEGACY PLATFORMS

Expanding IT complexity

does not solve your problem

on its own.

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OUR SOLUTIONAlpha developed the world’s only Product Access platform providing Multi-Vendor Access and introducing Transaction Level Customization with 3

calls to action

1. Access every transaction centric vendor

2. Consolidate integrations, reports, vendor billing and performance management

3. Mitigate risks and costs by Orchestrating & routing across multiple vendors

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A DIFFERENT APPROACH

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SOLUTION ACCESS

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New ways of doing business?• The APP Economy

• The App Economy is now bigger than Hollywood

– The Atlantic Jan’15

• App Economy to double in size to $101b by 2020

– App Annie Feb’16

• The Network Effect

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The Platform Economy• Uber, the world’s largest taxi company, owns no vehicles.

Facebook, the world’s most popular media owner, creates no content. Alibaba, the most valuable retailer, has no inventory. And Airbnb, the world’s largest accommodation provider, owns no real estate. Something interesting is happening.

- Goodwin, Techcrunch March’15

• Platform economy companies have market cap of $4.3T- Centre for Global Enterprise Jan’16

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The API Economy• “The emerging economic effects

enabled by companies, governments, non-profits and individuals using APIs to provide direct programmable access to their systems and processes”

- 3Scale

• APIs are the Digital Glue of the App & Platform Economies

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The API Economy in Numbers• Almost 15000 Public APIs

• Programmeable Web

• Number of private or semi-private APIs 10-20 times greater

• Large number of APIs in the ‘Billionaires Club’ – serving over a Billion API requests per day

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The Fintech API First Pioneers• Stripe

• Braintree

• LendingClub

• Xignite• Served 64B API calls in January for financial market data

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Fintech API Economy Developments• VISA Opens up Payments Network to Developers

– Feb 2016

• UK sets out Open Banking API Framework

• BBVA launches Open API initiative

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Invisible Payments• Payment is at the heart of monetization of many of these App

and Platform business models• Yet at the same time it is commoditised so much that it

becomes about convenience and the act of payment itself becomes invisible

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Considerations• Security

• Of the payment in an Invisible Payment

• Of the data related to Open APIs

• Will customers trust their account data to 3rd parties over their bank

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Considerations• Market Consolidation

• Vertical integration within the payment industry• Future walled gardens?

• Global Fragmentation• Growth of national payment networks for political reasons?

• Standards or lack thereof• VHS vs Betamax of payment APIs e.g. Tokenization• ISO20022

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What Next• Banks a platform in the making?

• API driven marketplace banks• Procure non core products from third parties by API

• It’s all about the Blockchain?

• PSD2…

www.alphapaymentscloud.com

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Access. Consolidate. Mitigate.

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