Our guests on this episode of Data Driven Finance are Stephen Fishman and Matt McLarty, authors of the book “Unbundling the Enterprise – APIs, Optionality, and the Science of Happy Accidents.” Stephen is North America Field CTO at Boomi and a Strategic Advisor at Revenium, while Matt is Boomi’s Chief Technology Officer. There’s a lot in the book about APIs, what they can power, and how they can be leveraged to create the experiences we’ll be experiencing ahead. Topics covered include:

• What finance businesses should know about what APIs can do that tech experts already know?
• Why companies who leveraged APIs early rapidly became some of the biggest in the world.
• Did you know Google Maps never intended to make their API available to third party developers? Hear why they did.
• Who are the financial businesses that gave themselves an advantage years ago?
• What does it mean to “unbundle the enterprise”?
• How are financial institutions doing in terms of awareness and adoption of API opportunities?
• What is capability capitalization?
• Why it’s better for finserv companies to go on offense with optionality than to engage in “reluctant compliance” with regulations.
• The three methodologies financial businesses need for an effective API strategy.
• The value in data being non-fungible, non-rivalrous, and experience-dependent.
• What are the risks of this kind of API-driven digital transformation?

Helpful LinksStephen FiscmanMatt McLartyUnbundling the Enterprise bookBoomiYodlee