API-led product growth and financial services

In a podcast episode from Tyk's series "All About APIs," FinTech veteran Daniil Saiko discusses the implications of API-led product growth for the financial services industry, highlighting the role of APIs in enhancing automation and innovation, especially in the wake of the Covid pandemic. Saiko notes that while API-first companies have surged, larger organizations face governance challenges, such as discoverability and standardization, which are less prominent in smaller firms. The discussion also touches on the impact of open banking standards and regulatory pressures, as well as the evolving expectations around customer experience in financial transactions. Saiko offers practical advice for companies aspiring to API-led growth, emphasizing the importance of having knowledgeable personnel and accessible, functional sandboxes to facilitate development. The episode invites listeners to explore further insights by tuning into the podcast regularly.