DSF Discussion /
Open Banking APIs – Unlocking the Digital Transformation in Banking Industry
28 Dec 2017 04:35:56 PM
Application programming interfaces (APIs) is relatively an old technical composition, which has been around for a long time. It is a structured and predetermined mechanism where two systems can exchange data with each other. Essentially APIs were internally focused and were exposed externally only in a very private manner or only to pre-identified partners. Open APIs is a combination of API technology and contemporary thinking about open collaboration. It refers to new dialogues, connections, and ways of working between participants in emerging business ecosystems.
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