Posts Tagged: financial

High-Grade API Security For Banks

Financial institutions occupy a special zone for APIs largely because of how stringent the regulatory compliance rulesets are. The data that financial institutions leverage are protected widely by a variety of regulatory ordinances, and as such, this data has to be stringently controlled, secured, and managed – hence why high-grade API security is such a serious concern. Read more

Why Do FinTechs Want To Save Screen Scraping?

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

The API of Me

Here’s an interesting fact: If you live in the EU your personal data is yours. You are the owner of your data, a fact enshrined in law under the General Data Protection Regulations (GDPR). As owners of data and citizens of many economies — internet, application, information, API — we have a myriad of tools and technologies available to mine, mash up, and generally manage our data as we see fit. Read more

CMA Will Save Open Banking APIs in Post-Brexit Economy

CMA Will Save Open Banking APIs in Post-Brexit Economy

“The storm had now definitely abated, and what thunder there was now grumbled over more distant hills, like a man saying ‘And another thing…’ twenty minutes after admitting he’d lost the argument.”

-Douglas Adams, So Long, and Thanks for All the Fish

Regardless of your point of view and the continued rumbles of the argument, Brexit is a fact: The United Kingdom will be leaving the European Union, most probably by summer 2019 if recent announcements at the Conservative Party conference are enacted by the government itself. Read more

Tracking the Growth of the API Economy

APIs are nothing new. Salesforce and eBay first allowed access to their web APIs in the year 2000, and other organizations were tinkering with the idea of exposing endpoints even before that.

The past few years, however, have seen such explosive growth that the API space is evolving more rapidly than ever before. Read more