Corporate banking: Benefits of moving to open APIs

Inside view of large multi-floor glass buildingInside view of large multi-floor glass building

Financial institutions across the world are facing increasing pressure to innovate – with client expectations and the recent pandemic accelerating the need for better banking experiences and products. Whether it’s about improving workflows and processes, collaborating with industry-leading solution providers, offering better services and connectivity to corporates or adhering to regulations, open APIs could be the answer for banks. This infobrief discusses a survey across almost 150 banks looking at the benefits of open APIs, and how banks can best adopt them to embrace change successfully versus the competition.