Open API Opportunities Outweigh the Challenges for Banks

By Lisa Iagatta, ISITC Chair

Although APIs may seem like something new and revolutionary to those in financial services and asset management, the concepts and philosophy behind them have been around for decades – long before companies like Amazon or Google utilized the capabilities to become pioneers in connected ecosystems.

As with any technology that’s primed to usher in change, open APIs encounter challenges. However, those obstacles – namely, infrastructure changes, cybersecurity, and exposure to competitors – are far from insurmountable.

ISITC Chair Lisa Iagatta tackles this topic in WatersTechnology, outlining the solutions to some of the most common challenges faced by firms as they look to implement open APIs.

Read her full article in WatersTechnology here [subscription needed].