“API banking refers to a set of protocols that enables banks to offer their services to other fintech companies through a tech interface between software programs,” noted Francis Thairo, the Customer Advisor Financial Services at SAP during his keynote speaking slot at the 2021 Regional Fintech Summit.
Thairo further noted that leveraging API procedures will enhance the digital transformation journey of the FSIs and are therefore extremely crucial now, given the unprecedented times.
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“APIs will also broaden the horizon for financial companies to access customer data and features to provide them with accurate resolutions,” he added.
While leveraging the APIs to help in product sharing and to innovate various partnership opportunities that help customers reap the best of financial services, he advised technology leaders to practice caution aligned with security procedures. This way, he notes, banks will continue their role as trusted financial advisors to the
AWS Announces General Availability of AWS App Runner
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AWS Announces General Availability of AWS App Runner – Consumer Electronics Net
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May 19, 2021
Comments on government’s controversial proposed data policy – the Draft National Policy on Data and Cloud, released on 1 April 2021 – were due yesterday (18 May).
The policy, in which the government will become co-owner of all data generated in South Africa (SA), has already attracted widespread debate amongst commentators, with many saying that it raises issues around privacy and has the potential to scare off much needed investment into the sector.
But, it may be too soon to label the bill a help or hindrance. Aspects of the policy are encouraging, particularly proposals about extending provision of government data. But there are a number of grey areas where more clarity is required in order to accurately form an opinion.