Banking Without Banks: How API’s are Transforming Royal Bank of Scotland with Jamie Broadbent скачать в хорошем качестве

Banking Without Banks: How API’s are Transforming Royal Bank of Scotland with Jamie Broadbent

Here’s an awful thought to begin your day: one of the most enduring relationships in your lifetime, is probably with your bank. Think about it. Most people keep their bank account longer than their first home, or possibly even their spouse. Despite or perhaps because of this codependency, banks are not always our most favorite place to visit. In fact, managing money can be a source of stress and anxiety for many. For millennials and our parents’ generation, the bank was an unavoidable fact of life. Now all that is changing. Thank goodness. Surprisingly, these observations are being made not by a crypto-anarchist, but by a banker. Jamie Broadbent is the Head of Digital, Innovation and Design at Royal Bank of Scotland (RBS), one of the UK largest banking giants. For Jamie, there is a revolution taking place in how we conceive of the high-street bank (hint: it’s no longer on the high-street). But this revolution goes beyond a transition to digital services, frictionless payments or even digital currencies. Ultimately, banking is evolving into a via media between regulators and emerging device-agnostic platforms. Be it Apple Pay or seamlessly ordering and paying for a coffee on Google Glass, future systems are required to communicate between networks and ensure trust, safety and compliance at speed and scale. These systems are powered by API’s - an interface layer at the heart of much of RBS’s digital strategy as a bank in the UK. API’s allow large legacy banks to facilitate transactions between consumers and more nimble digital platforms that may have a greater volume of customers, but no regulatory stamp of approval to handle financial transactions. Jamie makes the analogy that banks are transiting from moated castles into nodes in an interconnected system. So is there really a future for banking, even if there might not be a future for traditional banks? Has the western banking system truly transformed from a siloed-away dragon to an intra-platform fairy godmother? Have a listen and make up your own mind. Just don’t mention crypto. Or interest rates. John Lillywhite is Google Research Scholar at the Mohammed bin Rashid School of Government. John’s work explores the global governance implications of rapid technological change, with a focus on private and public sector collaboration.