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FactSet Insight: Two ways APIs can deliver value

This recent FactSet Insight Article highlights what we believe may be the two most tangible and important potential advantages of leveraging APIs for many firms in the financial industry.

Cost Savings

Firms can leverage the data management capabilities of the partner they are requesting the API from, which saves them (1) money for the added infrastructure and (2) engineering resources to maintain the data.

Value-Added Services

APIs enable firms to access content and functionality that otherwise would have been too time-consuming and expensive to try and acquire on your own, and should be a staple for any firms that operate in today’s world.

Click on the link above to access the entire article.