The Depository Trust & Clearing Corporation (DTCC) announced the launch of its Application Programming Interface (API) Marketplace to provide its clients, partners and internal developers with a single, central location for APIs developed by DTCC, streamlining access to services and improving the user experience.
“The role of technology in advancing the financial services industry is more critical than ever, enabling firms to better meet the evolving needs of clients,” said Lynn Bishop, CIO at DTCC, in a statement. “APIs are the building blocks of this digital transformation, and in today’s interconnected world, they have risen in prominence and become important to every facet of the enterprise.”
DTCC recently launched its first API for its Risk Management as a Service (RMaaS), which allows firms to gain greater insight into their current and historical unsettled positions to more efficiently analyze and manage risk and liquidity across functions and activities, including monitoring and surveillance and regulatory compliance.
Additional APIs for other DTCC products and services are in development, including one that will help clients to submit, update, and query new and existing claims against corporate action events. Future APIs will be launched later this year and beyond.