The Finance sector was initially cautious to jump into the API ecosystem, but recently we’ve seen great strides in FinTech transformation. During the past year, over 175 APIs have been added to the ProgrammableWeb directory in the Banking and Payments categories. Perhaps in anticipation of the EU’s PSD2 (Revised Payment Service Directive), not all, but a great many of these APIs are considered Open Banking APIs; that is, they use open source technologies to enable developers to build financial products that are interoperatible. Heavy hitters in the finance sector that have released Banking APIs this year include Citi, Capital One, Mastercard, VISA, OCBC, and BBVA.
Sourced through Scoop.it from: www.programmableweb.com