In the financial sector, digital transformation is an urgent concern. For banks, a best-in-class app can mean the difference between retaining a customer and losing them to a competitor. Many banks understand the key role APIs will play in any digital strategy but much of the industry is still lacking in maturity when it comes to their API programs.
To flourish in the digital age, a bank must offer open APIs, accessible to partners and third-party developers. These APIs will form the foundation of a new IT platform that will make it possible to quickly seize emerging opportunities. Here are five reasons why building a banking platform with open APIs will prove essential to banks focused on competing in the app economy.
API-Driven Innovation in Banking and Finance: How Finance Institutions are Transforming the Customer Experience
To take a deep dive into the specifics of how a digital strategy based on open APIs and platform thinking will empower the most innovative banks to win in the application economy, download this new eBook from CA Technologies.