Boston, February 8, 2017 – Banks consider application programming interfaces of potential value to modernizing transaction banking clients’ financial experiences, augmenting available data, and easing integration with internal and external systems. Meanwhile, transaction banking is receiving heightened attention from fintech companies, and this inevitable march to greater levels of automation could lead to traditional banks’ staff reductions. Will banks embrace this automation to gain the benefits, or will they reject it and be replaced in the market?
This report addresses automation issues and provides experiential information from banks to inform readers of bank practices to date. It is based on the results of a survey among product managers, line-of-business heads, digital channel managers, senior IT managers, and IT architects at Asia-Pacific, European, and North American banks to gather information on banks’ strategies for deploying APIs.
This 48-page Impact Report contains 37 figures and one table. Clients of Aite Group’s Wholesale Banking & Payments service can download this report, the corresponding charts, and the Executive Impact Deck.
This report mentions ACI Worldwide, Bottomline Technologies, Citigroup, D+H, FIS Global, Intellect Design Arena, and Misys.