Page 11 - TSB G Case Study

Ref : (3)

“After two decades of policy responses the sector is

not only more concentrated but also homogeneous,

dominated by financialized organisations focused on

sustaining high rates of return on equity.” (2)

At some point or another, most large companies had

built an Application Programming Interface (API) for their

customers, or for internal use. However, UK banking had

little in the way of APIs for retail or SME customers.

It may be argued that the lack of innovation in UK

banking had led to a lack of finance technology

leadership unlike for example, Germany which was
developing a Home Banking Computer Interface (HBCI) or

Financial Transaction Services (FinTS) sector.