Trends Report

Standard APIs: A Key To Agile And Open Banking

Banks Need Standard APIs And Should Follow The Progress Of BIAN

January 10th, 2017
With contributors:
Christopher Andrews , Bill Seguin

Summary

Ongoing industrialization continues to drive the fragmentation of value chains in the banking industry. In this environment, broadly accepted APIs are critically important for application development and delivery (AD&D) teams at banks, but standardized banking APIs are still a long way off. This report analyzes what the Banking Industry Architecture Network (BIAN) has delivered since its establishment eight years ago and what recent BIAN decisions mean for your path to standard APIs.

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