Towards an API Governance Model, Systematic Mapping of the Literature
DOI:
https://doi.org/10.47187/perspectivas.6.2.219Keywords:
APIs, Digital Transformation, FintechAbstract
Digital startups are driving a profound transformation that permeates large organizations, synergies that allow them to maintain their position in modern markets. To fully understand this cycle of change, it is imperative to consider the role of Application Programming Interfaces (APIs), which enable transformation through innovative business models. In finance, it is an undeniable fact that Fintechs are actively using APIs to drive digital business. However, large banks face new and challenging obstacles to generate new value in collaboration with these innovative digital partners, or to acquire new capabilities individually through the strategic implementation of APIs. In this context, a systematic mapping of the literature is presented with the aim of showing a broad and structured view on the current state of knowledge related to API governance in the financial sector framed in a research project for this sector and specifically for banking collections. From the study it was concluded that APIs are indispensable in today's ecosystems, they allow consumers, officials, third-party developers, Fintech, retailers and other components such as algorithms, data, processes and functionalities to communicate, therefore, businesses need to be redesigned to define rules that allow them to compete and expand their margins, without APIs it is not possible to embrace the digital world.
Métricas
References
Kai Petersen, Robert Feldt, Shahid Mujtaba, Michael Mattson. (2008). Systematic Mapping Studies in Software Engineering. Systematic MapProceedings of the 12th International Conference on Evaluation and Assessment in Software Engineering, 17.
Google Code. (s/f). Recuperado el 10 de septiembre de 2023, de Google.com website: https://code.google.com/
Qué es una API y qué puede hacer por mi negocio. (2016, junio 7). Recuperado el 10 de septiembre de 2023, de BBVA API_Market website: https://bbvaopen4u.com/es/actualidad/que-es-una-api-y-que-puede-hacer-por-mi-negocio
Google Maps Platform. (s/f). Recuperado el 10 de septiembre de 2023, de Google for Developers website: https://developers.google.com/maps/
Vértigo. (s/f). Recuperado el 10 de septiembre de 2023, de Vértigo website: http://vertigo.com.br/tag/api-banco-do-brasil/
Bruggink, M. L. A. (2016). How FinTech is transforming the way money moves around the world: An interview with Mike Laven. ournal of Payments Strategy & Systems, 10(1), 6–12.
Varma, P., Nijjer, S., Sood, K., Grima, S., & Rupeika-Apoga, R. (2022). Thematic analysis of financial technology (Fintech) influence on the banking industry. Risks, 10(10), 186. doi:10.3390/risks10100186
Yurcan, B. (2016b, agosto 3). Fintech vet aims to make banking as easy as an app download. Recuperado el 10 de septiembre de 2023, de American Banker website: https://www.americanbanker.com/news/fintech-vet-aims-to-make-banking-as-easy-as-an-app-download
Dapp, T. F. (2014). Fintech – The digital (r)evolution in the financial sector. Deutsche Bank Research. Recuperado de https://www.dbresearch.com
Flinders, K. (s/f). Starling poised for growth as customers flock to the app-based challenger bank: Thousands of people a week are installing the Starling app as the bank builds its customer base. Computer Weekly, 7–9.
Morgan, R. (2017, septiembre 5). The top fintech trends driving the next decade. Recuperado el 10 de septiembre de 2023, de ABA Banking Journal website: https://bankingjournal.aba.com/2017/09/the-top-fintech-trends-driving-the-next-decade/
Wright, G. (2016, junio 10). Building toward A breakthrough. Recuperado el 10 de septiembre de 2023, de Global Finance Magazine website: https://www.gfmag.com/magazine/june-2016/building-toward-breakthrough
Crosman, P. (2017, septiembre 29). How Citi aims to become a ‘life partner’ for customers. Recuperado el 10 de septiembre de 2023, de American Banker website: https://www.americanbanker.com/news/how-citi-aims-to-become-a-life-partner-for-customers
Skinner, C. (2017, julio 27). The battle between banks and disruptors is just beginning. Recuperado el 10 de septiembre de 2023, de American Banker website: https://www.americanbanker.com/opinion/the-battle-between-banks-and-disruptors-is-just-beginning
Hopalı, E., Vayvay, Ö., Kalender, Z. T., Turhan, D., & Aysuna, C. (2022). How do mobile wallets improve sustainability in payment services? A comprehensive literature review. Sustainability, 14(24), 16541. doi:10.3390/su142416541
Lagna, A., & Ravishankar, M. N. (2022). Making the world a better place with fintech research. Information Systems Journal, 32(1), 61–102. doi:10.1111/isj.12333
Rosli, M. S., Saleh, N. S., Md. Ali, A., & Abu Bakar, S. (2023). Factors determining the acceptance of E-wallet among Gen Z from the lens of the extended Technology Acceptance Model. Sustainability, 15(7), 5752. doi:10.3390/su15075752
Stefanelli, V., & Manta, F. (2023). Digital financial services and open banking innovation: Are banks becoming ‘invisible’? Global Business Review, 097215092311514. doi:10.1177/09721509231151491
Crosman, P. (2015, julio 8). Fintech Glasnost: Why U.S. Banks Are Opening Up APIs to Outsiders. Recuperado el 10 de septiembre de 2023, de Americanbanker.com website: https://www.americanbanker.com/news/fintech-glasnost-why-us-banks-are-opening-up-apis-to-outsiders
Reosti, J., Kline, A., Crosman, P., Sanneh, E. S., & Adams, J. (2015, enero 7). Creating a Bank that’s Both Cool and Fair. Recuperado el 10 de septiembre de 2023, de American Banker website: https://www.americanbanker.com/opinion/creating-a-bank-thats-both-cool-and-fair
Yurcan, B. (2017, mayo 19). Can vendors bridge gap between legacy tech and open banking? Recuperado el 10 de septiembre de 2023, de American Banker website: https://www.americanbanker.com/news/can-vendors-bridge-gap-between-legacy-tech-and-open-banking
Yurcan, B. (2016a, abril 29). How will APIs change banking? PNC looks within for answers. Recuperado el 10 de septiembre de 2023, de American Banker website: https://www.americanbanker.com/news/how-will-apis-change-banking-pnc-looks-within-for-answers
Li-Min Chuang, C.-C. L. &. H.-K. K. (2016). The Adoption of Fintech Service: TAM perspective. International Journal of Management and Administrative Sciences (IJMAS), 3(07), 01–15.
Tabares, M. S., & Suescun, E. (2020). Towards an APIs Adoption Agile Model in Large Banks. En Trends and Innovations in Information Systems and Technologies (pp. 302–311). Cham: Springer International Publishing.
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2024 Elizabeth Suescún Monsalve, Marta Tabares Betancur, Liliana González Palacio, Mariana Vásquez Escobar
This work is licensed under a Creative Commons Attribution 4.0 International License.
Copyright
The authors of the manuscripts will retain their copyright on their articles published in Pespectivas Journal. These rights allow the authors to present their manuscripts in public, prepare derivative works, reproduce them physically by printing and distribute them on their social or research networks. These rights will remain unchanged as long as the authors respect the publication and free access policy of Perspectivas Journal.
Publication Rights
Perspectivas Journal reserves all first publication rights on each of the articles that the authors have sent to its review and publication process. It implies that authors will only exercise their copyright if they state the source and origin of the publication correctly, mainly when they distribute, share, present, or use their articles' total or partial content.
