Financial services is on the cusp of becoming an integral part of the API Economy. Market forces — both disruptive in terms of new offerings from FinTech and regulatory in the form of anti-competitive legislation — are resulting in an increasing number of financial service providers offering APIs. Read more
Posts By: Chris Wood
The European financial services industry is on the cusp of a technological revolution. Reforms like PSD2 and the CMA initiative in the UK are forcing traditional banking institutions to enter the API Economy as active participants.
Great news for the FinTech scene, one would think; at last the banking platforms are being opened up ready for third-parties to securely access a customer’s data without the need to screen scrape online banking interfaces (also frequently referred to as ‘direct access’). Read more
If you have arrived at the Nordic APIs blog there is good chance you have some inkling of what an API is and why you might need one. However, for the uninitiated, APIs (Application Programming Interfaces) and especially the API economy can be a confusing and fragmented space with some loose standards, an incredible amount of diversity, and a seemingly impenetrable barrier of technical jargon. Read more
If you’ve been hiding under a rock for the past 18 months you may not know that the Swagger API specification, arguably the most popular specification format available to the API community, has been donated to the Linux Foundation to become the bedrock of the OpenAPI Specification. Read more
API providers are continually breaking new ground in securely providing valuable data to the applications that have become essential to the way we live our lives: The manner in which we can conduct so much confidential personal activity at arm’s length from the organizations we do business with, powered by APIs, would have been considered impossible even 15 years ago. Read more