FinTech Magazine May 2019 | Page 41

“ FOR BANKS TO CONTROL HOW THEY OPEN THEIR DATA , APIs CAN BE A TURNSTILE ”

Danny Healy Regional Executive MuleSoft
41 strategies banks need to develop their services , both in terms of collaborating with third parties and exposing their own underlying capabilities . “ That is the reason MuleSoft provides technology to organisations ,” he explains . “ They want to have the flexibility to be able to plug and play and change with capabilities over time . Ultimately , we don ’ t provide products banks use as a whole : we provide the capability to build products . For banks to control how they open their data , APIs can be a turnstile : if people want to access your capability and get data from underlying systems , they should go through an API . This makes sure underlying services are accessed to the greatest potential , in a secure and controlled way – which will be increasingly vital for banks .”
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