Open API Opportunities Outweigh the Challenges for Banks

The financial industry has traditionally lagged in adopting open technologies, but its continued evolution may rely on one, in particular, argues Lisa Iagatta, chair of ISITC North America.

LISA_IAGATTA_ISITC

While many financial services firms may have, historically, been reticent to embrace open technologies, many have realized that they are behind the curve when it comes to APIs. 

To those in finance and asset management, APIs—which, in a nutshell, allow two computer applications to “talk” to each other using a mutually understood language—may seem new. This is because the industry has traditionally focused on managing the risk of sharing data versus the opportunity of embracing open platforms. 

To continue reading...

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: