Swift and HSBC have announced a partnership to define a common application programming interface (API) standard under JavaScript Object Notation (JSON) using ISO 20022.
Hong Kong banks have already set up 500 APIs
In July 2018, the Hong Kong Monetary Authority (HKMA) introduced its Open API Framework to broadly introduce APIs in the banking sector. Since its inception, over 500 APIs have been made available by 20 participating banks.
Swift and HSBC aim to …
