You are here: Home - News -

Video: Why is it taking some lenders so long to be API-ready? [03.31]

by: Mortgage Solutions
  • 15/10/2018
  • 0
In part two of our digital panel debate series, chair and Mortgage Solutions group editor Victoria Hartley asks the panel why it's taking some lenders so long to get Application Programming Interface (API)-ready.


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.

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





There are 0 Comment(s)

You may also be interested in

Business Skills

In this section, we offer short ‘how to’ guides on harder to crack areas of business. From social media, to regulation or niche product areas, we cover it all.


Our journalists interview key industry entrepreneurs, strategists and commentators for day-to-day market insight and a strategic view of where the industry is heading. We offer lessons for success and explore the opportunities for your business

Success in Practice

Here, we share case studies fleshing out best practice to help you decide what could work for your business. Take a look at how others approached complex tasks like launching a new mortgage lender, advising on a new product area or deciding to specialise in another. Learn from others mistakes and triumphs.


Each week, we ask top mortgage and property commentators with a unique perspective to examine a key news headline, market move or regulatory or political issue.


Vote in our weekly poll here. It’s your chance to tell us what you think and be heard on the top news stories of the week. Review our archive to find out what your industry really thinks and all our coverage of the results.

Top Comments

Be part of the conversation on Mortgage Solutions. We want to hear from you. We have a tool called Disqus to tell us which stories get the most comments each week. Every Friday, the team picks the most thoughtful or opinionated contributions from our readers to enjoy again. Don’t forget to share your favourite stories from the site on social media to keep the conversation going.
  • RT @robjupp: Great day yesterday for donations to @MortSleepOut. With Gift Aid, we are now close to £17,000. It would be great to get to £2…

Read previous post:
House price growth at slowest since 2010 – Rightmove

The average asking price of property rose by 1% in October to stand at £307,245 from £304,061 in September, the...