Emergence of Global API Platforms, 2020 - Implementation of APIs has Failed to Help the EU Open Banking Initiative Gain Liftoff

DUBLIN, Jan. 3, 2020 /PRNewswire/ -- The "The Emergence of API Platforms: Open Banking and Payments Drive New Business Models" report has been added to's offering.The Emergence of API Platforms: Open Banking Drives New Business ModelsAidentifies the technical and regulatory issues that continue to be challenges to lift-off for the European Union's open banking vision and contrasts that situation with the structures that have driven a surge in the availability of cloud platforms that utilize APIs to enable similar services, such as payments.

In a past report we identified the game-changing value proposition associated with internet-based application programming interfaces. This report identifies why the implementation of APIs has failed to help the EU Open Banking initiative gain liftoff even as these APIs have created a surge in the number of cloud-based platforms recently announced, commented the author of the report.

Highlights of the Research Report

Identifies six API deployment strategies, including recent platform-as-a-service (PaaS) business models

Identifies the issues that have delayed, and will continue to delay, broad adoption of the EU Open Banking initiative

Identifies APIs currently available from major U.S. banks as a contrast to the APIs mandated under PSD2

Discusses the new cloud-based platform products and services released by Visa and Mastercard that support and challenge the E.U. initiatives

Indicates the capabilities needed to deploy a platform-as-a-service solution, which also suggests areas of the PSD2 initiative that need to be strengthened

Provides a predictive timeline for API-driven open banking and payments innovation within the European Union

Provides a predictive timeline for API-driven open banking and payments innovation within the U.S. market

Companies Mentioned

Bank of America

The Berlin Group


Citizens Bank

European Banking Authority


Financial Conduct Authority






Wells Fargo

Key Topics Covered
Executive Summary


New API-Driven Business Models Take Hold
See also:
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