March 21, 2019
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RecordedFuture, at first glance, is scary. It’s one of those projects that brings the saying “with great power comes great responsibility” to mind. The company has developed a platform for providing momentum and sentiment ratings around two conceptual abstractions: events & entities. Its system is continually scanning “thousands of high-quality new publications, blogs, public niche sources, trade publications, government web sites, financial database, and more,” then making that available via the Recorded Future News Analytics API. This type of news aggregation and processing is a level of awareness that no single human could otherwise obtain. From a theoretical perspective, having a tool such as this at one’s disposal would create a huge information advantage. Could this be called an information weapon?
ClearBank, a cloud-based clearing bank, has announced multi-currency bank accounts via API. ClearBank expects to offer over 30 multi-currency bank accounts in the fourth quarter of 2020. This capability will allow users to seamlessly move funds between accounts with real-time FOREX pricing.
One of the questions that I am most frequently asked regarding content APIs is "how can I make money with my API?" Before answering that question, however, it is important to ask for whom the API is designed. After all, the audiences for your API will determine what business opportunities exist.