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
Posts Tagged: regulation
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
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
Over the past couple of years, Oracle has been seeking $8.8 billion in damages for Google’s use of Java in Android. If you’ve taken a look at any tech websites or the finance section of a newspaper in the past couple of years, then there’s a good chance you already know that. Read more
A wide ranging set of rules to protect the data of citizens in member nations of the European Union was adopted in April. Known as the General Data Protection Regulation (GDPR), the measure’s goal is to replace the existing patchwork of national laws with a single modern regulation that reflects the digital age. Read more