waterstechnology.com Article: Open API Opportunities Outweigh the Challenges for Banks
The financial industry has traditionally lagged in adopting open technologies, but its continued evolution may rely on one, in particular, argues Lisa Iagatta, Director of Business Development, Investment Services, Fiserv.
Financial services firms have historically been hesitant to embrace open technologies, instead of focusing their efforts on managing the risk of sharing data. Now, with regulations in place and the need to share information faster and more seamlessly, firms are looking towards APIs – Applications Programming Interfaces – to accelerate innovation.
Lisa Iagatta explores how the concerns that once prevented firms from adopting APIs in the past are outdated and shares the opportunities that APIs will unlock for financial services firms who embrace an open ecosystem.
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