apidays LIVE Helsinki & North: API Ecosystems - Connecting Physical and Digital March 16 & 17, 2022 API banking driving payment and treasury innovation for large corporations Veikko Koski, CEO & Founder at FinanceKey

1. API banking driving
payment and treasury
innovation
Veikko Koski, CEO & Founder
FinanceKey Ltd
+41 79 724 2922
veikko@financekey.com
www.financekey.com
F O R L A R G E C O R P O R A T I O N S
16.03.2022 apidays Helsinki & North -- API Ecosystems - Connecting Physical and Digital

2. 1. Background
2. Banking connectivity today vs. APIs
3. Innovation enabled by API banking
4. Benefits from an IT perspective
5. Use cases
Agenda

3. Background to API banking
Open banking with
regulatory driven focus
US banks leading the way
with corporate banking APIs
New innovative solutions
arising from real-time and
bundling of APIs together
F r o m f i l e - b a s e d b a t c h p r o c e s s i n g t o a r e a l - t i m e a n d c o l l a b o r a t i v e c o m m u n i c a t i o n .
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4. Banking Connectivity Today vs. APIs
Today* APIs
F i l e - b a s e d ,
o n e - w a y b a t c h p r o c e s s i n g
I n s t a n t & o n - d e m a n d ,
t w o - w a y f l o w
M u l t i p l e v u l n e r a b i l i t i e s H i g h e s t l e v e l o f s e c u r i t y
O u t d a t e d , r e l y i n g o n
p r e v i o u s e n d - o f - d a y d a t a
R e a l - t i m e , e n a b l i n g
d i g i t a l i z a t i o n
* H o s t - t o - H o s t a n d B a n k P o r t a l s

5. 2022 SERIES OF EVENT
New York
JULY
(HYBRID)
Australia
SEPTEMBER
(HYBRID)
Singapore
APRIL
(VIRTUAL)
Helsinki & North
MARCH
(VIRTUAL)
Paris
DECEMBER
(HYBRID)
London
OCTOBER
(HYBRID)
Hong Kong
AUGUST
(VIRTUAL)
JUNE (VIRTUAL)
India
MAY
(VIRTUAL)
APRIL (VIRTUAL)
Dubai & Middle East
JUNE
(VIRTUAL)
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6. Innovation enabled by API banking
R e a l - t i m e d a t a d r i v i n g e n d - t o - e n d a u t o m a t i o n & s p e c i f i c A P I s d i g i t i z i n g m a n u a l t a s k s .
End-to-end automation
► Real-time access to
structured and enhanced
banking data
► Innovation arising on what
you do with the data – not
what APIs do
► Automation and enabling
of end-to-end closed-loop
operations
Digitisation
► Specific corporate banking
APIs tackling an existing
pain point for treasuries
such as payment refunds
and beneficiary account
validation
► …or digitizing further
treasury processes; e.g.
confirmations, compliance,
FX dealing
Become a creator
► APIs allowing bundling of
services together – turning
everyone into a creator
► E.g. using bank balance
API to pull the real-time
balances, and use FX rates
API to get latest FX
rates…and push the
dealing needs via FX
dealing API

7. Benefits of API banking for IT teams
• Better quality in terms of speed
and resolution of problems
• Richer, more detailed data
• Better visibility to problems
• You are in the driver’s seat
• Leads to overall quality of the
solution you are offering
Using APIs you get
• One standard to implement for
multi-banking – for actual API,
certificates & authentication
• You are connected to a platform
with stable connectivity to banks
• You are shielded from changes
applied by the banks
Using APIs + FinanceKey

8. Use case 1: end-to-end automation
R e c o n c i l i a t i o n – f r o m c a s h h i t t i n g t h e a c c o u n t t o r e c o n c i l i a t i o n a n d a c c o u n t i n g b o o k i n g s .
Payment operations –
receivable clearing
► Real-time, structured data enabling
automation of receivable clearing.
► Gain money with faster rotation of
working capital and credit limits.
► Free-up time from mundane
repetitive process.

9. Use case 2: digitisation
B e n e f i c i a r y a c c o u n t v a l i d a t i o n v i a A P I d i g i t i z i n g a r e p e t i t i v e m a n u a l p r o c e s s .
Beneficiary account validation
► Verify payee account details before
sending payment instructions.
► Ensure your payments arrive at the
intended beneficiary.
► Save money, time and avoid
negative news.

10. Use case 3: digitisation
P a y m e n t s r e f u n d s p r o c e s s e d a u t o m a t i c a l l y r e p l a c i n g t i m e - c o n s u m i n g m u n d a n e t a s k .
Payment refunds
► Automate the back-office refund
process of incorrect and unknown
payments with ease.
► Save time and money from a
repetitive manual task, and gain
better control over refunds.
sandbox

11. Use case 4: become a creator
B u n d l e s e r v i c e s t o g e t h e r t o c r e a t e n e w a n d d r i v e i n n o v a t i o n w i t h i n t r e a s u r y a n d f i n a n c e .
Liquidity management
► Pull a real-time view of your bank
account balances instantly.
► Bundle APIs together to fully
automate liquidity management.
► Balance inquiry, price stream,
market order, trade retriever…

12. Thank you
Contact us to learn more how to apify your
payment and treasury operations.
veikko@financekey.com // +41 79 724 2922
www.financekey.com
Helsinki office
Lapinlahdenkatu 16
00180 Helsinki
Finland
Geneva office
Bd James-Fazy 8,
1201 Genève
Switzerland
Contact us
+358 40 544 5205
+41 79 724 2922
sales@financekey.com