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Member Meeting: How Important is it for an Open Finance Ecosystem to have Standardised APIs? with Prometeo

If open finance allows you to have full access to your bank and loans related information, can it also provide you with full info of the insurance you have?

A lack of standards when developing APIs can slow down the pace of adoption of open finance.  

Fragmentation is a risk when market participants do not agree on a common set of standards. Developing standardised APIs allows for wider adoption and a more robust and well-functioning ecosystem.   

Ximena Aleman, Co-CEO and CoFounder Prometeo OpenBanking, joined us to discuss the importance of standardised APIs.

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