When we first looked at the fastest growing API categories of recent years, Financial and Payments both made the list. We've seen a number of signals that there is great interest in API related to Finance so we decided to take a deeper look at the category's growth this month.
With the many vulnerabilities of scraping bank account data causing concerns for some large banks, Wells Fargo recently announced that it intends to create an API to enable integration with accounting software Xero to give small businesses better visibility of their banking data.
VirWoX, the Virtual World Exchange for trading currencies in virtual worlds like Second Life, recently unveiled the VirWoX API. The API provides live access to real time quotes from the VirWoX marketplace, where the currency for Second Life, called Linden dollars, can be traded in several real-life currencies (see our VirWoX API profile for details). The Virtual World Exchange provides opportunities for Second Life members to buy and sell Linden dollars in U.S. dollars, Euros (EUR), UK pounds (GBP), and other currencies, potentially reducing the transaction costs for converting between real-life money and Linden dollars.