APIs have been elevated from a development
technique to a business model driver and boardroom
consideration. An organization's core assets can be
reused, shared, and monetized through APIs that can
extend the reach of existing services or provide new revenue
Applications and their underlying data are long-established
cornerstones of many organizations. All too often, however,
they have been the territory of internal R&D and IT
departments. From the earliest days of computing, systems have
had to talk to each other in order to share
information across physical and logical boundaries
and solve for the interdependencies inherent in many
The trend toward integration has been steadily accelerating
over the years. It is driven by increasingly
sophisticated ecosystems and business processes that are
supported by complex interactions across multiple endpoints in
custom software, in-house packaged applications, and
third-party services (cloud or otherwise).
The open API-oriented approach toward technology
architecture is generating lot of attention. APIs are expected
to reduce the time to market for various
products/ services and lower the cost of build
by "plugging in" with open API.
Over the last 40 years, the Cayman Islands has matured into one of the world's most sophisticated and successful international financial centres, providing a competitive, effective, transparent, cost-efficient and tax-neutral platform for international capital flows underpinned by an environment of legal, political and economic stability.
In the context of the Private Member's Motion, Cayman Finance strongly urges the movers of the motion and the other members of the House to remain focused on the need to protect the Cayman Islands Financial Services Industry, which is directly responsible for more than half of the Islands' economy, more than half of the government's revenue and employs more Caymanians than any other industry.
As the UCITS acronym suggests, its original focus was on investment in "transferable securities" although UCITS do offer far wider investment possibilities, as explained below.
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