Envstnet | Yodlee announced new API architecture behind its platform. Based on developer feedback, the company introduced the Aggregation API. The API enables users to connect bank, retirement, and other financial accounts to systems that advisors and personal users utilize to manage finances.
One of the cool things our directory data allows us to do is to get a glimpse at both short term and long term trends in the API space. One slice of data worth looking at is the categories have had the most growth. This article looks at which categories have grown the most in the last five years.
Screen scraping has bridged the connection gap between banks and fintech for decades, but banks are now starting to deprecate it because of PSD2. bunq has managed to build a growing community around its open API since 2017, and it serves as an example for other European banks striving to innovate.