Should you let people scrape data from your site or offer a web service API instead? This is one of the classic arguments for offering an API: to get better control over how your data is accessed and who gets access. A recent news story about Flybe, Europe's largest independent regional airline carrier, demonstrates a case where this was the main driver for creating an API. For Flybe, having third party service and applications access their booking engine is very important to them, but they want to make it more structured and reliable.
OCBC bank launched four open APIs that allow developers to integrate bank products and services with third party apps and programs. The move marks one of the first Southeast Asian banks to open an API. The launch is in line with broader government initiatives to develop FinTech sector development.
Consumers have been turning to third-party financial apps that seamlessly connect with their banks. To achieve true global connectivity in the age of the open financial web, a new standard for data sharing must be created, adopted, then actively governed under a framework of strict interoperability.