APIs could help curb fintech operational risk – Sarb deputy
Data can give firms a competitive edge in South Africa’s financial services market
South Africa’s central bank is urging incumbent financial firms to work with fintech companies to develop open application programming interfaces (APIs), according to a senior official.
Speaking at Singapore’s Fintech Festival, deputy governor Rashad Cassim said access to data had become a key competitive driver in the financial services market. Access to structured and unstructured data could give firms a “significant” competitive edge.
“Access to refined data is a key issue that regulatory
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