Build on Santander’s Digital Trust APIs

Santander is on a mission to leverage the power of its APIs to develop cutting-edge digital trust solutions for its customers during this 24-hour hack! To achieve this goal, Santander is calling on developers, fintech experts, data scientists, and digital trust/identity experts to join its internal teams to collaborate and create powerful products that support privacy, protect data, and help individuals and businesses prosper.

To support the development of your solution, you'll gain access to: Santander’s Open Banking API Sandbox The identify API allows you to retrieve basic data for authenticated Santander Labs customers (both physical or business customers). CSV files with anonymised customer data. Plaid API (tech partner) Plaid’s API allows end-users to build the future of financial services.

4 CHALLENGES:

Challenge 1: Verifying Identity
At the customer’s request, the bank confirms the client’s name and other basic identifying information

Challenge 2: Verifying Authority At the customer’s request, the bank confirms the individual’s authority to act on behalf of another entity or individual. •This person is the CFO of company x. •They have the authority to open accounts. •This person can sign legal agreements on behalf of organization y. •This person really works in the call center for the company z. •This person really is in accounts receivable for company xyz and that really is their wire instructions.

Challenge 3: Validating Information At the customer’s request, the bank shares and confirms extensive amounts of information. For example, a customer applying for a car loan with a different entity might ask their primary bank to share detailed information. This prevents data loss and increases confidence for the new loan originator.

Challenge 4: Sharing Summary Facts At the customer’s request, the bank shares summary facts without disclosing private data. For example, this person is old enough to buy alcohol – but the date of birth will not be disclosed.