Should Digital Financial Services Providers Prioritize Open APIs?
Do open APIs make sense for your company? Which ones? This blog outlines a structured approach, taken by a CGAP partner, which allowed the team to develop a deeper understanding of the API product’s value and requirements and to ultimately get the buy-in it needs to develop and release a successful product.
By following a five-step process and involving senior leadership in the last step, the team was able to prioritize specific API offerings and get its strategy off the ground. The steps below may be useful to other DFS providers that are wondering whether APIs should be a priority for their businesses and, if so, which APIs they should focus on first.