The operator's playbook: Opinions and thoughts from the QED collective

While new market entrants have the freedom to choose how to be API-first, most of the banks at the bottom of the stack are still playing catch up. The gap is becoming rapidly filled by a new plumbing layer—Banking as a Service.

A focus on how market forces play out in financial institutions and the future of banking itself and start to answer the question: who's got APIs, who's writing to them, and who's actually at risk of being SOL.

A look at market dynamics and consider where and how APIs exist and why that is an expression of market power in the quest to control more pieces of the value chain.