Apidays Singapore 2024 - How APIs drive business at BNP Paribas by Quy-Doan Do, BNP Paribas

How APIs drive business at BNP Paribas
Quy-Doan Do, APAC Head of Data Services (Client Lines) and APAC Head of Digital Transformation and Innovation - BNP Paribas' Securities Services

Apidays Singapore 2024: Connecting Customers, Business and Technology (April 17 & 18, 2024)

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Transcript

1. APIDAYS SINGAPORE 2024 HOW APIS DRIVE BUSINESS ? BNP PARIBAS April 2024
2. 2 Classification : Internal BUSINESS DRIVER AROUND DATA To enable clients to focus on their core business activities and benefit from advances in data service solutions, we manage the complexities of cleansing, standardising and aggregating data, and we address the costly and difficult tasks related to advanced data management solutions. AS A DATA CUSTODIAN PARTNER, WE COMMIT TO.… UNDERSTAND CLIENT BUSINESS MAINTAIN DATA QUALITY AND DATA GOVERNANCE OPERATE A SECURE, COMPLIANT AND OPEN ARCHITECTURE SOLUTION BRING CLIENT MORE VALUE WITH THE DATA WE HANDLE FOR THEM
3. 3 Classification : Internal 3 STRATEGIC AMBITION AROUND GROWTH, TECHNOLOGY, SUSTAINABILITY DATA & DIGITAL TRANSFORMATION • Become a key trusted “data” partner for our clients • Build a new core data infrastructure “data market place” • Deliver new “data” services while fully leveraging “market” innovation APIs are at the heart of the bank digital and data strategy • Offer a digital version of our services to respond to the new needs of our clients • Provide a wide range of high value-added services by giving our clients access to more data • Facilitate a uniform and consistent client experience across all communication channels • Reinforce operational servicing and enhance client interaction ▪ Increase usage of digitized and automatized solutions ▪ Leverage in-house and external state-of-the-art technologies (AI) • Assess business opportunities across the Fintech and Regtech ecosystem • Seize upcoming market changes in fund and asset tokenization • Extend all of our products to provide digital assets services for our clients 1. Become a data custodian 2. Deliver a transformed client experience 3. Further digitise and industrialise our processes and systems 4. Get ready for digital assets OBJECTIVES Increased data quality and new data management services Modernised access to data with end to enduser experience Increased operational efficiency and reduced risks Support growth strategies and new investment opportunities BENEFITS Improved and wider set of data distribution channels Integration with Fintech partners Bridge conventional world/value chain with emerging technology
4. Classification : Internal 4 ENHANCE CUSTOMER EXPERIENCE OFFER A SET OF CHANNELS TO SUPPORT CLIENTS SPECIFIC CONTEXT & DEVELOP INDUSTRIALISATION 2 1 3 CLIENT PORTAL API Store 1 3 2 HOW HOW What is the last positions on my securities account? What is the status of my trade? 1 2 BOT
5. Classification : Internal 5 API VALUE PROPOSITION FOR CLIENTS Data on-demand APIs endpoints allow clients to get exactly the data they need, when they need them. More Agile APIs provide a common language to send and receive requests among any IT systems in the world across the Internet. Plug and Play Using APIs is much faster than building any new data channel from scratch. Added security APIs create an added layer of protection between data and server
6. Classification : Internal 6 LIVE API ON THE STORE (ref. date: February 2024) https://developers.cib.bnpparibas.com/api-catalog API name Data sample (for illustration) Any restriction on API data set ? Settlement Status This API exposes data from both local & global custody services for all locations where BNP Paribas Securities Services is operating. It is not restricted to the instructions managed through SWIFT messages, but also includes those created through other means. No restriction : API exposes all set of data cross client lines and locations. Cash Account Information Accounts, balances, transactions, intraday for accounts No restriction : API exposes all set of data cross client lines and locations. Securities Account Holdings Holding positions, holding transactions, holding intraday No restriction : API exposes all set of data cross client lines and locations.
7. 7 Classification : Internal 7 AVAILABLE CLIENT-FACING API PORTFOLIO | WHERE DO WE STAND? Offering & functional coverage FUND@CCESS CORPORATE ACTIONS DERIVATIVES INFORMATION +10 APIS UNDER INVESTIGATION TO BE PRIORITIZED ACCORDING TO CLIENT NEEDS TRANSFER AGENT FOR ASSET MANAGERS 2 TRANSFER AGENT FOR INVESTORS CASH ACCOUNT INFORMATION SETTLEMENT STATUS 2 SECURITIES ACCOUNTS HOLDINGS NET ASSET VALUATION 2 CSDR PENALITIES 30% 60% >90% 7 # APIs on the Store Functional coverage on core services 1 2024 2025 List of APIs and capabilities 10 ~15 ROADMAP WHAT WHAT
8. Classification : Internal 8 APIs STORE LIFECYCLE ROADMAP GLOBAL CLIENTS OVERVIEW
9. Classification : Internal 9 APIs STORE: LIST OF CAPABILITIES REQUIRED APIs “visible” Store : what we may think delivery is about … 9 The “hidden” part: delivering a portfolio of API requires to gain maturity on several capabilities! : challenges faced (= REX we can share)
10. 10 Classification : Internal 10 YOU SAID … API (Application Programming Interface)? Consumers What consumers see Restaurant menu Do you have a reservation? What is really done Consumer has no visibility on manufacturing Preparation Assembly Transformation Restaurant analogy Is the client onboarded / authorized to access? What is really done Consumer has no visibility on manufacturing 3rd parties clients What consumers see API API Catalog (Portal) Data Hub Cash Custody Net Asset Value Transfer Agency API Management Ex: collect information on cash accounts to make investments decision (balances, statements & operations, intra-day) Bank Offer
11. 11 Classification : Internal APIs - PART OF A BROADER ECOSYSTEM Data Quality Watch Tower Partners Providers Data as a Service Clients 2 4 11 12 13 Data Governance Data Hub Data Urbanization DIGITAL SERVICES OMNI CHANNEL Open Banking Referential strategy Data Principles 3 5 6 7 8 9 10 Data as an Asset Reusability of data Data aggregation Self service analytics Data products (Data Mesh architecture) Harmonized & qualified datasets Roles & Responsibilities BNP PARIBAS AS A DATA CUSTODIAN Data replication Data Acquisition 1 Web API SFTP BOT
12. 12 Q&A
13. 13 Classification : Internal THANK YOU danke GRAZIE chokrane mèsitak GRACIAS ευχαριστώ dhanyavad ARIGATÔ spas Dziękuję спасибо NANDRI ขอบคุณ 謝謝 JËRËJËF MAHALO OBRIGADO CẢM ƠN terima kasih 감사해요 நன்றி धन्यवाद MERCI
14. 14 Classification : Internal Disclaimer The information contained within this document (‘information’) is believed to be reliable but BNP Paribas does not warrant its completeness or accuracy. Opinions and estimates contained herein constitute BNP Paribas’ judgment and are subject to change without notice. BNP Paribas and its subsidiaries shall not be liable for any errors, omissions or opinions contained within this document. This material is not intended as an offer or solicitation for the purchase or sale of any financial instrument. For the avoidance of doubt, any information contained within this document will not form an agreement between parties. Additional information is available on request. BNP Paribas is a credit institution that is authorised to perform banking activities and investment services under the law applicable in France and is subject to prudential supervision on a consolidated basis by the European Central Bank (ECB), in cooperation with the Autorité de Contrôle Prudentiel et de Résolution (ACPR). As a public listed company and as an investment service provider, BNP Paribas is also in France under the supervision of the Autorité des Marchés Financiers (AMF). Its registered office address is 16 boulevard des Italiens, 75009 Paris, France, and its website is https://group.bnpparibas. BNP Paribas is authorised and regulated by the European Central Bank (ECB) and the Autorité de Contrôle Prudentiel et de Résolution (ACPR). BNP Paribas is authorised by the Prudential Regulation Authority (PRA) and is subject to regulation by the Financial Conduct Authority (FCA) and limited regulation by the Prudential Regulation Authority (PRA). Details about the extent of our regulation by the Prudential Regulation Authority (PRA) are available from us on request. BNP Paribas London Branch is registered in the UK under number FC13447. UK establishment number: BR000170. UK establishment office address: 10 Harewood Avenue, London NW1 6AA. Services described in this document, if offered in the U.S., are offered through BNP Paribas acting through its New York Branch (which is duly authorised and licensed by the State of New York Department of Financial Services) or BNP Paribas Financial Services LLC, a limited liability company organised under the laws of the State of Delaware; if a securities product, through BNP Paribas Securities Corp., which is a broker-dealer registered with the Securities and Exchange Commission (SEC) and a member of the Securities Investor Protection Corporation (SIPC) and the Financial Industry Regulatory Authority (FINRA); or if a futures product through BNP Paribas Securities Corp., a Futures Commission Merchant registered with the Commodities Futures Trading Commission (CFTC) and a member of the National Futures Association (NFA). In accordance with the General Data Protection Regulation (GDPR), European Regulation no. 2016-679, depending on the nature of the processing of the personal data concerned, you have a right of access, rectification and erasure of your personal data together with the right to restrict or object to the processing of such data. For more information on the General Data Protection Regulation (GDPR), details regarding processing purposes, and data retention principles, as well as your rights in relation to the processing of your personal data by BNP Paribas SA, in the context of Securities Services activities, please refer to our data protection notice: https://cib.bnpparibas/data-protection-notice/.