Spanish bank BBVA has launched its open banking program by making eight of its APIs commercially available for the first time, meaning that third-party companies including startups and developers will be able to build new products and services by accessing and integrating customers’ banking data into their applications.
The launch of BBVA API Market comes after the bank spent more than a year working with developers and businesses to “optimise the way the Open API service would be delivered”. During this time, more than 1,500 businesses and developers registered with the experimental portal.
“In opening up with APIs like this, BBVA has become one of the first major banks in the world to deliver open banking — a move which is intended to lead to significantly increased products and services for customers and clients,” the bank says.
“In making …