2011-02-01-opportunities-in-the-financial-api-space.html

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layout: post
title: 'Opportunities in the Financial API Space'
url: 'http://apievangelist.com/2011/02/01/opportunities-in-the-financial-api-space/'
image: ''
---



According to <a href="http://forrester.com/">Forrester Research</a>, the <a href="http://forrester.com/rb/Research/us_mobile_banking_forecast,_2010_to_2015/q/id/57446/t/2">U.S. mobile banking market has experienced rapid growth in the past three years</a>, more than doubling from 5% of online adults in 2007 to 12% in Q2 2010. <a href="http://forrester.com/"><img class="c1" src="http://kinlane-productions.s3.amazonaws.com/forrester-research-logo.png" alt="" width="275" align="right" /></a> By 2015, Forrester predicts that one in five US adults will be using mobile banking. Forrester attributes this to the adoption of smart phones.
<p></p>I would say we are in the biggest growth period for financial and payment APIs since <a class="zem_slink" title="PayPal" rel="homepage" href="http://paypal.com">PayPal</a> launched its API in 2004.
<p></p>With this kind of growth in mobile banking, you can easily predict the need for high quality, secure, financial and payment related APIs.
<p></p>We will see a lot more growth, innovation and competition in the financial API space in next 4 years.