London, 26 September 2017 – European, North American, and Asia-Pacific banks will all move in the next two years from a payment-centric to a wider transaction banking-based API strategy, meaning that they could open application programming interfaces to fintech partners that connect to their cash, liquidity, trade, and foreign exchange transactions. But while the API market is rapidly expanding and practices are in progress, vendors may need to address a knowledge gap in order to fulfill the needs of their bank clients.
This report focuses on the API services and solutions that fintech vendors offer to banks to service corporate clients. It is based on the results of interviews with product and strategy managers of global fintech vendors that engineer, develop, and sell software platforms to banks that wish to deploy API-based products.
This 30-page Impact Report contains 23 figures and four tables. Clients of Aite Group’s Wholesale Banking & Payments service can download this report, the corresponding charts, and the Executive Impact Deck.