The API debate is heating up each week growing number of reports! Very few however look into the economics of API's
Last week the Treasury announced the deadline of its call to evidence, in an attempt to consolidate an open API standard for UK banks, which when completed will be a major step forward for London’s fintech industry. The government has appealed to banks, financial services providers, payment institutions, fintech companies and software developers to respond with their views to establish the technical requirements that an open API standard should meet. City Minister Andrea Leadsom stated: “Key to our long term economic plan is making Britain the global centre for financial technology, or fintech, and innovation. Making it easier for customers to use their data in more effective or creative ways can help achieve this, and we think the benefits and opportunities for customers could be huge.”
http://inboundtech.co/2015/03/07/london-fintech-open-api-standard-for-uk-banks/
