The digital transformation is not only changing the financial industry but also the requirements for its suppliers. Through profound technological and regulatory changes, a new generation of financial information systems is emerging, redefining the competition among vendors as well as the competitiveness of banks and financial service providers. Brands are becoming "user experiences," products are evolving into "ecosystems," content is turning into "services," and marketplaces are transforming into "platforms." As innovations increasingly occur in a decentralized manner in the digital age, platforms must be open to integrate the best possible solutions. While the slogan "Software is eating the world" used to prevail, it is now "APIs are eating software." No single company can provide the best solution for all these purposes. However, through open architectures, any provider can deliver the best solution.