Now in its sixth year, Open Banking APIs State of the Market Report 2020 investigates how leading banks have matured to a platform approach to extend their reach into new markets. Initially, APIs were a technical consideration. Then they became a regulatory requirement.
Now, they are finally being recognized as a business opportunity with the key pieces all falling into place:
- Open Banking platforms are growing around the world
- API products are extending the ecosystem
- Banks are seeing indirect and direct revenue increase due to open banking
Read the report to learn how to strategize your open banking initiatives