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API Strategies for Banks and Fintechs in an Open Banking World

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In recent years, the Open Banking strategy of many banks has been focused on regulatory compliance. Now, banks increasingly start to embrace the opportunities of Open Banking, triggered by changed client needs and expectations, accelerated by COVID-19 pandemic, and inspired by successful Open Banking applications of pioneering banks.

To be in the best position for realizing the benefits of Open Banking, banks at this stage need to translate the opportunities of Open Banking into clear API strategies. In this talk, we study six API strategy blueprints for Banks and fintechs. These strategies allow banks to leverage Open Banking while still keeping the customer interface - or innovate even further with their APIs and share more of the value chain with fintechs.

To learn more about API strategies from Software AG, please visit: https://www.softwareag.com/en_corporate/platform/integration-apis.html

Visit the original article in the Software AG Tech Community.

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