In finance, all APIs are not created equal

With the rise of APIs, it’s easier than ever for companies to position themselves as open to collaboration and eager to provide access, but some of these access points tell a different story under the hood.

By itself, the humble API is many things, none of which include “new,” “innovative,” or, often, even “interesting.” But it has underpinned a boom in technologies that can be described as such, thanks to its versatility: it can be used as a data delivery mechanism that gives firms greater control over how they access ever-increasing volumes of datasets, or bridge the chasms between disparate applications, at a time where connectivity, interoperability, and consolidation are market demands.


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