February 12, 2020
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Social Money, an online goal savings platform provider, has announced the launch of the private beta version of the CorePro API which allows companies to integrate savings accounts into online and mobile applications. The CorePro Platform is the first product that Social Money has developed that offers an open API and was built using elements of the company's SmartyPig platform.
Innovation in web service APIs is not always technical, sometimes it's about money. Such is the case with Yahoo's announcement that later this year they will begin charging for usage of BOSS (Build your Own Search Service), their search web service for developers. Given that search revenue is typically ad-driven, and that advertising doesn't typically mesh with APIs, this has meant that search APIs have been one of the most challenging classes of APIs for providers to monetize. So it's notable to see how Yahoo has chosen to tackle this: via a 'utility' pricing model, somewhat akin to how infrastructure services like Amazon Web Services charge by usage.