Everyone talks about the API economy and how it also comes to the finance sector. But what does it really mean for finance companies? Banks, insurance companies and other finances services are seriously struggling with their legacy IT infrastructure and it presents a clear bottleneck to roll out new offerings without huge costs. Now with cloud based back offices and open APIs, anyone can build finance and banking services in a few days. Banks must adapt to this new model in order to be able to survive, otherwise they commit to a slow and painful suicide weighed down by their old IT solutions and processes.