Open APIs are used for more than just building banking products. In many cases, they are used by existing corporate customers who want to use a bank’s APIs to automate internal workflows or integrate bank data directly into their business processes.
Banks in Asia-Pacific and Europe report that around 80% of their open API users are corporate customers. These customers are less likely to switch banks because they are integrating their accounts directly into their processes via APIs.
5:10The ability for open banking to open up customer data to third party payment vendors will give the banks the ability to provide their customers with better services. In this video, Laurent Van Huffel
3:38Powered by Axway’s Amplify API Management Platform, Commerzbank is now able to create new business models enabling innovative fintech partnerships.
A new report by Altitude Consulting and Axway details a number of use cases to help you visualize the art of the possible in open banking. Here are the highlights.
APIs open new opportunities to deliver services to anyone, anywhere
APIs open new opportunities to serve the unbanked and underbanked
See why and how credit unions and smaller banks are making digital banking services accessible for everyone, anywhere with universal API management
Find out how banks are using their data to gain a competitive edge. This opportunity assessment explores 15 popular fintech use cases.
Here are three digital banking example uses cases to help you imagine new ways to grow your organization’s capabilities, gain a competitive edge, and deliver superior customer experiences.
APIs open new opportunities to integrate offerings into day-to-day financial management
APIs open new opportunities to integrate directly with the platforms, apps, and services where people do business
3 ways to speed innovation and engage your customer to provide essential banking services
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