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Stephen Fishman and Matt McLarty of Boomi on Unbundling the Enterprise
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Our guests on this episode of Data Driven Finance are Stephen Fishman and Matt McLarty, authors of the book “Unbundling the Enterprise – APIs, Optionality, and the Science of Happy Accidents.” Stephen is North America Field CTO at Boomi and a Strategic Advisor at Revenium, while Matt is Boomi’s Chief Technology Officer. There’s a lot in the book about APIs, what they can power, and how they can be leveraged to create the experiences we’ll be experiencing ahead. Topics covered include:
- What finance businesses should know about what APIs can do that tech experts already know?
- Why companies who leveraged APIs early rapidly became some of the biggest in the world.
- Did you know Google Maps never intended to make their API available to third party developers? Hear why they did.
- Who are the financial businesses that gave themselves an advantage years ago?
- What does it mean to “unbundle the enterprise”?
- How are financial institutions doing in terms of awareness and adoption of API opportunities?
- What is capability capitalization?
- Why it’s better for finserv companies to go on offense with optionality than to engage in “reluctant compliance” with regulations.
- The three methodologies financial businesses need for an effective API strategy.
- The value in data being non-fungible, non-rivalrous, and experience-dependent.
- What are the risks of this kind of API-driven digital transformation?
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Stephen Fiscman
Matt McLarty
Unbundling the Enterprise book
Boomi
Yodlee
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