Fintech APIs Rocketed in ’16

Note from the Publisher: is not typically a source for our stories, but 2017 will be a year of expansion for FintekNews, so let’s expand into the world of APIs!  First, for those of you not familiar, here’s a link that will provide you all the info you need to know entitled API 101.  So it turns out that the fiintech sector really smoked the API world in 2016, with a wealth of APIs added across the fintech sector, including to trading sites, banking sites and payments sites, amongst others.  CITI, Mastercard, Capital One and Visa are just a few of the names that jumped into the API game in 2016.   

“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. More API highlights from Finance and Banking including APIs for Stocks, Cryptocurrency, Credit Cards, and Payments are listed below…..

Read Full Story at ProgrammableWeb