July 28, 2011
TESOBE, Berlin-based software development firm, has launched the Open Bank Project with the hopes of bringing more transparency to the world's banking community. To accomplish its goal, the Open Bank Project provides an API that banks utilize to provide transaction data to interested parties. Given the hypersensitivity of financial information, the Open Bank Project must persevere through many obstacles. However, should the idea catch hold, it could be the first example of open banking as a service.
Sometimes the API world can get a little meta. Cloudability is a startup focused solely on helping companies determine how much they're spending in the cloud. Now the company is entering public beta, which includes launching its Cloudability API. That makes the service another API for APIs.