How an open standard API could revolutionize banking
Apr 30, 2015, 07:00 (0 Talkback[s])
(Other stories by Noel Peatfield)
Increased competition and the unbundling of bank services by innovative financial tech developers is continuing to provide customers with more services. Significant changes to banking have become inevitable, and at a first glance this move could be interpreted as penalizing banks. It opens up some of the information banks had previously controlled, but making it accessible via an open standard API should strengthen their positions as a platform.