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API
Ram Kumar RamaswamyApril 9, 2021
A for API APIs: the magic glue that connects islands of data and unwraps new possibilities for businesses. The banking, financial services, and insurance (BFSI) sector has always been lukewarm in adopting the latest technological innovations. Being the nerve center of all human activity in the world, it is understandable that the BFSI sector has…
Continue ReadingFinTech and the world
Ram Kumar RamaswamyMarch 18, 2021
FinTech is a portmanteau of the words finance and technology. While the world of finance services centered around banks has always had technology infusion since the institution of banks, the general trend of technology absorption in the financial industry has always lagged. Compared to other industries, this lag in adoption has been due to the…
Continue ReadingThe API ecosystem
RaghuFebruary 18, 2021
From being obscure technical components to helping create a whole ecosystem that is at the heart of nearly all commerce and business today, APIs have come a long way. We inhabit an app-dependent world, and those apps in turn depend on APIs – application programming interfaces. APIs are the magic glue that connects to integrate…
Continue ReadingUse of APIs across various industries
RaghaviFebruary 18, 2021
“We have to stop optimizing for programmers and start optimizing for users. — Jeff Atwood Just a decade ago, the term API would have sounded foreign to anyone not directly involved with software development. Application Programming Interface—just the abbreviation is a mouthful. But in 2020, and more in the years to come, this term is…
Continue ReadingWhy banks must warm up to APIs?
RaghuFebruary 18, 2021
After enough has been written about the benefits of using APIs for banks, only one pertinent question remains: It now boils down to ‘When rather than Whether’ for API adoption by banks. In that pursuit, the biggest challenge seems to be – ‘how to monetize our API efforts?’ The simple answer is to figure out…
Continue ReadingThe World of APIs
RaghuFebruary 17, 2021
If you are using a travel site to book flight tickets or an entertainment app to book movie tickets or simply making payments through your mobile, you are using APIs- the technical name for programs that help software systems connect with one another and perform tasks by sharing information. Closer to home, a telling example…
Continue ReadingTransforming digital lending through APIs
RaghuFebruary 17, 2021
Platformable, a consulting firm that helps companies and public bodies generate value through the use of APIs, recently published stats on the status of Open Banking which gives interesting insights especially on regional variations as also the products in favour. Two facts stand out- growth in the European region (29%) was driven by the mandate…
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