Understanding OpenAPI for Fintech

The OpenAPI Specification (OAS), formerly known as the Swagger Specification, is the world’s standard for defining RESTful interfaces. It is a specification for machine-readable interface files for describing, producing, consuming, and visualizing RESTful web services. The OAS enables developers to design a technology-agnostic API interface that forms the basis of their API development and consumption.

Overcoming API Development Challenges

Many financial services organizations struggle with scaling API development. As a direct result of these challenges, more and more organizations are embracing OAS because it enables their development teams to design and develop APIs that enhance customer experience, standardise components and support industry initiatives like Open Banking.

Open Banking

Open Banking is an international initiative that’s driven by new regulations which set out to make the banking industry more competitive and innovative. APIs are a huge part of this because they enable third-party developers to build applications and services around a financial institution’s existing technology.

Join us and learn how adopting the OpenAPI Specification can enhance your API development and fast-track adoption of Open Banking, whether you’re an API provider or consumer:

• The history of the OpenAPI Specification: advantages, the community and it’s future
• An overview of Open Banking
• An introduction to the open-source tooling: Swagger UI, Swagger Editor and Swagger Codegen