Gartner Research

How to Make APIs a Banking CEO and Board Priority

Published: 07 May 2015

ID: G00275601

Analyst(s): Bart Mellink, Paolo Malinverno, Kristin Moyer

Summary

Several government and regulatory bodies are developing API standards or gateways for banking. Most banking CIOs have hundreds or thousands of APIs, but very few will be helpful in meeting pending regulatory requirements or creating new value as part of digital transformation.

Table Of Contents
  • Impacts

Analysis

Impacts and Recommendations

  • Pending government and regulatory API standards will lead to the development of public Web APIs in the banking industry; first-mover CIOs will have an advantage
  • Pending government and regulatory API standards will require CIOs to create an easy-to-use, secure, compliant and sustainable Web API program
  • Pending government and regulatory API standards will provide the opportunity for CIOs to make APIs a CEO and board priority and to secure funding for a sustainable program

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