AFRICA the emergence of application programming interfaces , better known as APIs .
Located at the heart of open banking , APIs are open source technologies which allow fintechs and third-party developers to build financial applications on top of the bank ’ s existing IT infrastructure .
By ‘ opening ’ up the banking sector , the introduction of APIs allows third-party developers to create helpful services and tools that customers can utilise .
Partnering with some of the
leading disruptors in the market , this is a trend which Moza Banco has been keen to tap into .
“ We are in an area of Mozambique where a lot of people are introducing new technologies , new solutions , and enabling new areas of the market ,” notes Monjane . “ In IT , our strategy is to partner with those entities and make our banking services available through alternative services and apps such as when you are paying your bus fare or shopping online .”
To compete in Africa ’ s diverse
233 www . gigabitmagazine . com