Becoming a Digital Bank? APIs Are Key to Platform Success

“Providing robust online services is an integral part of banking. However, for many customers who previously were reluctant to make the leap to offering digital banking services, the global pandemic has forced them to accelerate their transformation.

Open banking uses secure application programming interfaces (APIs) to allow third-party financial service providers to access banking transactions and other data from financial institutions. Opening your data and services to third parties—and becoming a consumer of third-party API-based services—lets you build on the value they add: You can offer combined solutions to existing customers and partners, and create new offerings to open up new revenue streams to grow.

In this e-book, you’ll discover how Microsoft Azure and TIBCO enable banks and financial institutions to digitally transform their businesses, and how the benefits of gaining scale, innovation, and agility far outweigh the costs.”

 

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