DTCC launches new API marketplace 05 February 2020New York Reporter: Maddie Saghir
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DTCC has launched its application programming interface (API) marketplace to provide its clients, partners and internal developers with a single, central location for APIs.
Lynn Bishop, CIO at DTCC, highlighted that APIs will continue to play an important role in the future of financial services across the retail, institutional and post-trade areas.
Bishop explained: “In the on-demand, personalised service age of Netflix, Hulu and Amazon, expectations have evolved, with clients now wanting to access services in different ways that are unique to their individual business needs.”
DTCC’s marketplace is an online DTCC API ‘App Store’, allowing direct programmatic access to DTCC processing functionality, it was noted.
The marketplace includes comprehensive documentation and training materials to help developers use the APIs.
Bishop commented: “The role of technology in advancing the financial services industry is more critical than ever, enabling firms to better meet the evolving needs of clients.”
“APIs are the building blocks of this digital transformation, and in today’s interconnected world, they have risen in prominence and become important to every facet of the enterprise. We look forward to taking advantage of this new technology for the benefit of DTCC and our clients,” she added.
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