APIs: The Unheralded Here and Now of Financial Technologies

An inside look at how APIs are gaining traction, but there are still challenges, including a lack of standardization for newer, web-based systems.

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Hyperbole has become the constant, distracting companion for new technologies both in and outside the capital markets, as systems that have not yet left the laboratory to take their first, hesitant steps in the wider world are acclaimed as the gold standard that the market will soon rally behind to create a new, more efficient infrastructure.

It is akin to watching a four-year-old child swinging a stick around then claiming that he or she will grow up to become the greatest baseball player of

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