“Breaking Changes” with Chander Shivdasani: API-first Is contract-first at Goldman Sachs
Blog post from Postman
The financial sector, particularly Goldman Sachs, is significantly impacted by the API-first approach, which facilitates innovation while maintaining the stability and predictability that financial institutions require. Chander Shivdasani, vice president at Marcus by Goldman Sachs, highlights the advantages of being "contract-first," enabling the company to leverage legacy infrastructure while remaining agile to develop new business models, reduce friction, and expedite partner onboarding. This approach empowers Goldman Sachs to manage dependencies, standardize processes, and involve both business and technical stakeholders throughout the API lifecycle, fostering a federated approach to API delivery and governance. The investment in a contract-defined API-first strategy helps Goldman Sachs navigate the competitive and regulatory challenges of the financial landscape, offering new opportunities in banking and investment while balancing legacy and next-generation infrastructure. The insights shared by Chander in an episode of the Breaking Changes podcast underscore the transformative potential of APIs in the financial sector, inviting those interested in fintech to explore how this shift is redefining the industry.
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