The UK's FCA has required banks to participate in the API economy through its growing Open Banking Initiative. The FCA has made yet another use of APIs by requiring banks to report outages, service availability, helpline information, and complaints via APIs and/or a standard web format.
The Lenderlink API system is now freely available to second charge mortgage packagers. Lenderlink aims to be a single platform to connect mortgage packagers to lenders. The Lenderlink API could do away with the disjointed single API per lender integrations that currently exist in the market.