Published: 25 April 2023
API is becoming more than a purely technical tool. This research will help wholesale bank CIOs learn how open APIs are evolving in APAC toward a more comprehensive solution for data exchange, ERP evolution, monetization and innovative business models as part of open banking and embedded finance.
Corporate banking clients expect banks to provide open APIs (covering both external API and published API) to further upgrade host-to-host ERP connections for real-time data analytics, liquidity and working capital management.
Small and midsize enterprises (SMEs) are increasingly demanding aggregated digital banking platform services through open/external API connectivity.
CIOs responsible for banking digital business strategy and innovation in Asia/Pacific (APAC) should:
Use open APIs to provide integrated data analytic services for corporate clients in areas of financial analysis, risk analysis and data/security governance.
Work with business and product functions to understand and enable innovative business models that tailor solutions
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