API Standardization Industry Group


Payments Innovation Alliance & API Standardized Industry Group

The Payments Innovation Alliance is proud to sponsor the API Standardization Industry Group (ASIG).  This diverse group will include leadership from financial institutions, fintech companies, businesses, service providers, standards organizations and others. Its mission will be to further efforts to standardize the use of APIs in the U.S. financial industry. 

To that end, the main goal of the API Standardization Industry Group will be to develop an “API Playbook.”  The “Playbook” will serve as a tool to assist financial institutions, businesses, fintech companies and other industry stakeholders with the creation of a standardized API ecosystem that can enhance support of the payments and business needs of industry participants.

Any individual* within your organization who is focused on APIs, API strategy, etc. is welcome to participate. 

*Note: API Standardization Industry Group participants are also expected to be members of the Payments Innovation Alliance.  

ASIG FAQs

Kick Off Meeting Summary Document

Background

Many payments providers and leading financial services firms have been using APIs to broaden and enhance services, increase automation and strengthen security. But without standardization these businesses and financial services firms cannot reap the full the potential of APIs. API standardization can help improve the safety and transparency of transactions, increase efficiencies and speed of communications, and enhance support of payments innovations.

In an environment where speed, automation, security and reach are key drivers for business decisions, now is an excellent time to explore how API standardization can benefit the payments ecosystem and advance the financial services industry.

See Who's Already in the Group

Join the ASIG

Participation in the API Standardization Industry Group is open to any payments industry participant looking to play a part in the transformation of the financial services industry through API standardization.  

CLICK HERE TO PARTICIPATE

API Resources

This page contains industry articles and documents related to APIs.

Resources