The future of the financial sector is digital, and a key component is open banking. Open banking requires seamless integration, innovation and connectivity with customers and partners including FinTechs while ensuring compliance with regulatory and data standards. APIs (Application Programming Interfaces) are critical technologies that facilitate open banking and there are Four Approaches banks can use to unlock value through APIs – Integration, Banking as a Platform, Innovation and Client Connectivity.
Four Approaches to Unlocking Value Through APIs
ApiGo by ITS provides banks with a gateway to open banking, allowing them to unlock value fast by delivering better experiences to a broader range of customers while complying with data and regulatory standards.
Source: Celent Report (APIs IN BANKING: UNLOCKING BUSINESS VALUE WITH BANKING AS A PLATFORM)