The Open Banking Interviews: Joris Hensen, Founder and Co-Lead API Program, Deutsche Bank

At Money2020, in Amsterdam, I had the pleasure to talk to Joris Hensen, Founder and Co-Lead of Deutsche Bank’s API Program. We discussed on how Deutsche Bank looks at Open Banking and how this may affect the way bank data can be consumer for good.

We are quickly approaching the deadline of PSD2 to provide APIs for new players in the market who wish to access customers’ accounts for account information and for payments initiation. Are you on schedule to be ready for the deadline of 14 September?

At Deutsche Bank we look at the bigger picture today. Our journey started already in 2015, when PSD2 was still far away. We quickly realised that Open Banking is an opportunity for us to facilitate the development of new products and services with the help of banking data. These products can be developed by third parties for the benefit of their customers and our customers at the same time.

We believe that Open Banking will accelerate the process of delivering products, and it will create a wider range of products and services the customer can choose from.

The life of a bank customer does not evolve around traditional banking products only, but it is about the daily decisions as well as the decisive moments in their life.