Connecting banks to the API economy
There’s been a lot of talk about fintech being an established bank’s main competition, but it’s the tech giants (Google, Amazon, Microsoft, Facebook, and Apple) that pose the more serious and imminent threat. How will banks be able to compete as these players extend into financial services, from payments and transfers via messaging, to merchant loans, to loan risk modeling? In a nutshell: co-opetition with fintech. That’s what LUXHUB is all about.
Using Axway AMPLIFY™ API Management, LUXHUB built a new open banking service that allows multiple banks and fintech providers to offer all their open APIs on one platform.
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