Open Banking
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 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…
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