Key Considerations When Developing Legal Terms and Conditions for Financial Services APIs

Guidance Note:
Opening up data and services through open APIs has many benefits, but it does give rise to new challenges and considerations for digital financial services providers.
CGAP engaged Hogan Lovells to produce this note to offer guidance to providers, in particular their legal teams, on the main risks involved in opening up access to their assets through APIs. The note also explains how to manage those risks in a way that is as fair as possible for all parties.

This document was drafted for CGAP by Hogan Lovells. It is intended to be used by financial services providers as a template for contracts regulating the provision of application programming interfaces (APIs) to third-party service providers.


This work was funded in whole or in part by CGAP. Unlike CGAP’s official publications, it has not been peer reviewed or edited by CGAP. Any conclusions or viewpoints expressed are those of the authors, who are legal experts on the topic, and they may or may not reflect the views of CGAP staff.

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