February 7, 2020
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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.
Canada’s Yellow Pages Group (YPG) is launching a new developer ecosystem to support and stimulate startup innovation in the local search and location based services market, including a certified developer program and four ways to monetize applications. The new developer ecosystem comes partly from the group's work with hackfests. “We got tired of seeing all these great ideas die after the hack, we wanted to make sure these potential local search apps were brought to market," YPG's Bradley Wing said. YPG understands the YellowAPI is a natural extension of its existing business model, and extends the reach of its advertisers by feeding their listings through 3rd parties applications built on the platform.
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.