APIs as a construct has been around for quite a while, however, banks have been slow to embrace the power that APIs and Open Banking can bring. Part of the reason for this is that APIs are generally considered a technology service and not a business product. Business leaders quite often view APIs as a necessary headache used for integration rather than strategic assets that can accelerate growth. To pursue a successful monetization strategy, banks must approach APIs with the clarity of a well-thought out product – have a clear intention and articulation of value, and most importantly, have a clearly defined audience. This paper provides some pointers on how banks can look to monetize APIs and drive growth.
However, the Case for APIs and Open Banking has never been stronger.
Download the Latest Report
Next-Gen Core: A 5-Stage Framework for Future-Ready Banking
