Fidor Bank was the first bank to use open RESTful APIs with OAuth2.0 with the aim to create a banking ecosystem whereby customers, users, developers and partners have a place to exchange and share banking services. New regulations like PSD2 and UK’s Open Banking will enforce the provision of public APIs for all banks. This new scenario will open doors to multiple systems that will merge banking APIs with social driven behaviours.
The needs for APIs will vary depending on the parties involved, having a flexible standard to serve all requirements will become critical. Alberto will discuss how banks and providers could manage these new API challenges and requirements in an efficient manner.