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Identifying API use cases: Banking industry

Speed, reach, Internet of Things (IoT) and domains

Published November 2016

Many banks and financial institutions are planning their journey and participation in the API economy. One of the most common questions from companies starting the journey is about the potential use cases within their industry.

This paper focuses on several objectives:

• Identifying the common business drivers for API initiatives

• Describing an API identification methodology

• Supplying banking-specific examples using the methodology

• Discussing the current state of regulatory requirements and industry standards

• Providing recommendations for starting an API initiative