Open Banking is aiming to give consumers access to real-time banking data through the use of APIs. The successful implementation of this type of system will change the way people save, borrow, spend and invest their money, as well as encourage healthy competition in the financial services industry.
Today's developers have a vast array of databases and APIs upon which to build their products. Developing a data extraction framework for integrating the various data sources that can survive changes over time is a challenge however. This article looks at best practices for such integrations.