UOB sees muted demand for APIs
Singapore
MUCH hype has surrounded the use of banking application programming interfaces (APIs) when thus far, demand has been muted, said UOB's group head of banking technology Graeme Greenaway.
APIs enable other brands, corporates, fintechs and software developers to "talk" to the bank to access a breadth of services, including funds transfers and account enquiries. APIs are basically sets of requirements - routines and protocols - issued by a business or an institution that determine how one application communicates with another. For example, a Google Maps API enables app developers to embed Google Maps in web pages. With…
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Swiss watch exports plunge as China and Hong Kong demand dries up
Huawei starts sales of new Pura 70 smartphone amid scrutiny on chips
BP reshapes its leadership team as some executives leave company
Deliveroo returns to order growth on strong international demand
Cutting the cord?: Events leading up to Cordlife’s MOH suspension and arrests of its directors, ex-group CEO
Danone beats Q1 sales forecasts, keeps 2024 goals