© The Author(s), under exclusive license to APress Media, LLC, part of Springer Nature 2022
R. DorasamyAPI Marketplace Engineeringhttps://doi.org/10.1007/978-1-4842-7313-5_2

2. Regulation

Rennay Dorasamy1  
(1)
Johannesburg, Gauteng, South Africa
 

The Financial Services (FS) industry has always been a trailblazer with regard to technology adoption. This is evident from the launch of Automatic Teller Machines (ATMs), to telephone banking to web-and-mobile application-based banking. Given the sensitive nature of customer data and associated transactions, the gateway to FS providers has been well guarded – and understandably so. In this chapter, we examine the factors which led to customer data and financial backend services being shared with third parties, ...

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