APIs are no longer technical nice-to-haves. These three letters are being spoken in board rooms and used as the basis for business strategy. One place you can see the effects of API growing up is the sheer number in our directory. But big numbers only tell us so much. In our many discussions with API providers, we've noticed a pattern with how many are approaching their platforms. These threads point to an alternate meaning for API: Apps, Partners and Income.
The Second Payment Services Directive or PSD2 comes into effect January 13, 2018. This open banking initiative will no doubt be a game changer in Europe and really for any retail bank or fintech that wishes to work with Europe.
Today we’ll give you an overview of what exactly PSD2 is. Then
On Thursday, Singapore-based DBS Bank, Southeast Asia's biggest bank, announced a banking API developer platform that it says is "the largest by a bank anywhere in the world." The platform consists of over 150 APIs that cover numerous functional categories including accounts and payments.