The popularity of financial technology (fintech) firms remain a top area of focus, and with it comes the migration to the ideal of picking and choosing the distinct and optimal aspects of various financially oriented technological capabilities. That is to say, financial institutions are fast becoming the curators of financial tools, rather than their sole authors and guardians. The author of this article helps to further facilitate the discussion.
There are hundreds of APIs that are used in the financial world today, with more to come every year. It’s next to impossible to find the best ones – the best are those, which suit your needs best – but it’s much easier to pick the useful pieces of code. Let’s say that the five below represent the most popular and utile APIs you can find among startups and mature institutions in the fintech industry.
Mercator Advisory Group recognizes the pace at with fintech investments proceeded in 2015 was likely a high water mark, and 2016 will be less exuberant by comparison. However, the access to solutions to specific problems via API allows for modular capabilities, and flexibility in solution sets, allowing financial institutions to be more nimble in responding to changing client needs.
Overview by Joseph Walent, Senior Analyst, Emerging Technologies at Mercator Advisory Group
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