BBVA API Market
APIs provide many opportunities for all companies and businesses. José Manuel de la Chica (@Delachica), BBVA New Digital Business, explains to us how APIs are making the digital transformation of traditional businesses possible.
Companies like Uber and Airbnb have grown thanks to implementing APIs in their different business processes, and now the financial world is committing to APIs for its transformation.
Banks opening their APIs to third parties through open platforms is what is known as the era of open banking, a trend for banks to take the best technological solution for them to be to open their data to developers, startups and other partners in the Fintech world.
In this transformation, BBVA defends the opening of its data by creating an open platform, BBVA API Market, on which it offers its financial APIs to help companies, startups, customers and developers who wish to improve their products and services and promote or create new business lines.
In the following interview, José Manuel de la Chica emphasizes that banks must get on board the open innovation train and expose their APIs. He gives the example of BBVA, which is completely transforming itself and committing to an open API platform on offer to the developer community.
More information about APIs and open banking:
PRETA is one of the leading bodies in the European Union in terms of intra-Community payments and financial transactions. Following the implementation of PSD2, the body has focused its efforts on ensuring compliance by providing a number of services and documentation that suppliers need.
You no longer need to go to a bank branch to open a bank account. APIs allow you to complete this and any other banking operations without leaving your company's own platform, with a fully integrated experience.
Open Future World is born with a clear vocation: to become a rallying point and meeting place for all players in the open banking ecosystem.