Stephen Fishman and Matt McLarty of Boomi on Unbundling the Enterprise

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?

Helpful Links
Stephen Fiscman
Matt McLarty
Unbundling the Enterprise book
Boomi
Yodlee