In Australian Banking, the API Is a Commodity — CDR Made It Table Stakes

I spent a decade skeptical of governments dictating APIs. My position was simple and, I thought, principled: companies should do APIs because they make sense, not because a regulator forces them to. I watched the voluntary version of open banking fail for that entire decade — Capital One’s DevExchange was the lone US exception that proved the rule — and I watched the mandated version work.