Corporate Banking APIs: Time to Open Consortia

Banks must partner on consortium-based platforms to harmonize API standards and regain control of their client relationships.

London, 19 March 2019 – Application programming interfaces are not a topic of interest for corporate treasurers, who don’t care how the data is provided but do desire a single point of access to services from multiple banks. But as single-bank platforms fade out, banks will compete by providing clients with API-based products and services via consortium platforms with big populations of corporate users.

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