Traditional financial institutions are undertaking their digital transformation. Some decide the best way to achieve this is through open banking and open their platforms and APIs to third parties. In this interview, José Manuel de la Chica, of BBVA's New Digital Business, discusses this disruptive process.
Many banks already use private cloud computing and private Platform as a Service (PaaS) models for part of their financial services and products. They can choose between proprietary solutions like Apprenda, or open-source solutions like OpenStack.
Open Bank Project is an open code API and an app store that enables banks and their DevOps teams to make use of outside talent to create new products and services for their customers. All based on a vision of open business.
If you're interested in the fintech ecosystem and want to learn from the best experts in the sector, don't miss the Fintech University event on June 20 at the BBVA Innovation Center in Madrid.
4andgo appeared in 2011 when its promoters Alejandro and José Luis were working for another company in developing mobile apps and looked for a change. They have been winners of the first edition of BBVA InnovaChallenge in the category of business solutions.
APIs have become the new essential tool for most development and business equipment (DevOps). In the short-term future, it is expected that APIs become universal, turn banks into platforms and give microservices an extra boost.
The impact of APIs on the transformation of banking was one of the protagonists of the event Revolution Banking. The development of this technology and the use of data is opening new business opportunities in the digital age. And challenges. "We must know what developers, startups and API users need from us," says Jose Manuel de la Chica, BBVA New Digital Business.
A good Big Data application must have a powerful display so the user can easily absorb all the knowledge provided by the data.
Data beyond analysis and improved decision-making? This is a world worth exploring and many startups are choosing this path within Big Data.
This application uses big data to study tourist spending at different sites in a given city, based on online reputation and financial data analysis.
