Due to the nature of APIs, the discussion is often of a technical nature. While this is fine for the world’s engineers and data managers, the fact is that an API has just as many business benefits as it has technical benefits. Read more
Posts Tagged: API economy
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
Guest Post by RapidAPI with benchmark data on 1,800 APIs
There’s big money in the API economy. Last year alone, $500 million was invested into API-driven companies. But the rise of this new economy begs some key pricing questions. Read more
Big news in the world of APIs! Today, the Open API Initiative (OAI) released its 3.0.0 version of the OpenAPI Specification. In case you missed our past coverage of this evolving specification, the OpenAPI Spec (OAS) has quickly become an industry standard method to describe web APIs. Read more
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