As Financial Institutions consider making a foray into the IoT space, they must consider the role that APIs play. APIs can help set the stage for IoT initiatives and banks should take the time to understand the types of APIs available to them and how those APIs are central to any digital strategy.
JETCO has opened an API exchange for banks regional to Hong Kong. The exchange provides a single access point to over 200 APIs from 13 banks. The APIs provide access to banking services offered from the participant banks. The API exchange is open for developers across industries.