Banking : Design your APIs to be Context aware

Banking : Design your APIs to be Context aware

Success in today’s data-oriented business environment requires being able to think about how API, Data & Analytic concepts apply to particular business problems. Data and data science can provide value in the context of Bank’s business & competitor strategy and to meet demands of customer experience. ….

Sourced through Scoop.it from: www.linkedin.com

Interesting post about banking and APIs.

API Economy: The Importance for Fintech Companies

API Economy: The Importance for Fintech Companies

The API Economy can be seen as a digital, automated exchange of business competencies allowing organizations to integrate core services with one another to develop and expand business cases and new markets.

Sourced through Scoop.it from: www.maxcode.net

Concise summary of API Economy and in particular applied to Fintech.

Some quotes, I liked:

“If ‘software is eating the world’ as Marc Andreessen pointed out, then it needs a plate.”

“API integration become thus a strategy for speed and cost effectiveness, and allow the organization to synchronize revenue and cost growth.”

“Your API is your new product!” –> In my view it is rather: Your API is your platform, which you need to treat like a product.