Is API the new currency of global banking innovation?

With advancements like instant payments and real-time data integration becoming standard, multinational companies and FIs face pressure to streamline operations and deliver innovations that meet or exceed the expectations of next-generation users.

A significant challenge for these entities is integrating varied systems, such as enterprise resource planning platforms and treasury management systems. To effectively manage global operations, firms need seamless connectivity between their financial systems and banking networks.

Source: https://www.pymnts.com/news/digital-banking/2024/is-api-the-most-important-3-letter-word-in-global-banking-innovation