By Gareth Vaughan
ASB is yet to fully assess the revenue opportunity its move to become the first New Zealand bank to provide a publicly-facing Application Programming Interface (API) framework and portal will create, Russell Jones the bank's executive general manager for technology and innovation says.
ASB announced the API move late last month, saying it would initially provide access to interest rate feeds, foreign exchange rates, and ASB ATM and branch locations, initially, for the likes of developers to use in their applications. Jones and ASB chief architect James Bergin describe the move as a “bridges not walls” approach to how banks share information.
This is an abridged version of this article. The full version was published in our email for paying subscribers. See here for more details and how to subscribe.