Like many industries, Wall Street is being disrupted by the explosion in information processing technologies. Long established players are looking to leverage the skills of computer scientists and mathematicians by setting up algorithmic trading systems in hopes of gaining a competitive advantage.
Intuit QuickBooks may be the most popular financial software in the United States--one consulting firm reports that Intuit's accounting and tax programs control more than 90% retail market share--but the company has struggled with moving its desktop-based software into the cloud. Sure, there's an API for QuickBooks Online, but what about the many offline users who continue to rely on the finicky helper program QuickBooks Web Connector?
A few weeks ago we reported on the release of the Kiva API, which provides access to the Kiva.org global microlending database. Not long after the API's release, blog posts from Bill Zimmerman and the Kiva team report that several developers are already working on Kiva mashups: