The API economy as key component for digital transformation
In a digital environment, flexibility and change are critical factors to success. Faced with an ever more demanding compliance environment, the financial services industry's goal has been one of transparency and simplicity. Control and access to customer data has been helped by digitalisation.
To accomplish this, there are new initiatives and processes to connect with customers without compromising safety.
The API revolution is fast becoming a priority for many in the financial services industry. It allows the banks to adopt this disruptive technology in a better and simpler way enabling change and increased competitiveness with the "new players" in the market.
APIS for disruptive technology
Portfolio management APIs
Reduced costs and time during the integration.
Investment proposals APIs
Simpler wealth management for both customers and advisors.
Investment tools APIs
More transparent and secure.
Social and gaming APIs
Easier data-processing to increase engagement.
Access and user management APIs
More empowered customers.
APIs (Application Programming Interface) is a protocol that allows the sharing of information between different programming languages, without losing independence, thisallows the different digital solutions to work together to provide improved results, reduces the “time to market” and the costs. APIs enable an easier integration with old legacy systems using third- party applications.