Dan Salmons, director of innovation and customer goal lead, home buying and ownership at Royal Bank of Scotland said all lenders will be “beavering away” on APIs.

“None of the lenders systems were designed with open APIs in mind. I can remember some years ago talking to a senior IT person in a bank who said: ‘We’re a bank. We don’t hang our cables out of the window.’

“That sort of commendably secure but very closed way of doing things was how many of the systems were built, so a lot of what we’re doing at the moment is rethinking how we access these systems in a way that’s both open and easily accessible as we all want, but also highly secure.”

That’s really what’s taking the time, Salmons added, in the video in association with NatWest for Intermediaries.

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Click on the video [03.31] below to watch the panel.