Key Considerations When Developing Legal Terms and Conditions for Financial Services APIs
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Opening up data and services through open APIs has many benefits, but it does give rise to new challenges and considerations for digital financial services providers.
CGAP engaged Hogan Lovells to produce this note to offer guidance to providers, in particular their legal teams, on the main risks involved in opening up access to their assets through APIs. The note also explains how to manage those risks in a way that is as fair as possible for all parties.
This document was drafted for CGAP by Hogan Lovells. It is intended to be used by financial services providers as a template for contracts regulating the provision of application programming interfaces (APIs) to third-party service providers.
|Year of Publication||2020|
|Publisher||CGAP Background Documents|
|Region / Country||Global /|
|Primary Language||English (en)|
|Keywords||Legal terms and conditions, Financial Services, API|