Transcription of API Standardization - Shaping the Financial Services Industry
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API Standardization - Shaping the Financial Services Industry
1 API Standardization Shaping THE Financial Services Industry API Standardization - Shaping the Financial Services Industry 2018 NACHA THE ELECTRONIC PAYMENTS ASSOCIATION . ALL RIGHTS 2 API Standardization Shaping THE Financial Services Industry The purpose of this document is to provide insight into the approach of the API Standardization Industry Group (ASIG)* towards defining API standards in Financial Services , the development activities and future work efforts of the Group and the Industry efforts underway to promote interoperability with other global initiatives. The document also details resources available to the Financial Services ecosystem including the new developer document is divided into the following sections:Document Introduction APIs in Financial ServicesBenefits of StandardizationMomentum Behind API Standardization in the US - Key MilestonesDefining the Standardized APIsAdvancing the InitiativeIntroductionAPI Initiatives Around the GlobeClosing - Get Involved* The API Standardization Industry Group is sponsored by the Payments InnovationAlliance, a membership group of NACHA - The Electronic Payments Standardization Shaping THE Financial Services Industry 3 API Standardization Shaping THE Financial Services Industry Many payments providers, Financial institutions and leading Financial servi
financial services industry by improving the safety and transparency of transactions, increasing efficiencies and speed of communications, and enhancing support of payments innovations. Application Programming Interfaces (APIs) are not new, but the way they are …
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