- May 14, 2018
- PSD2
- Open Banking, PSD2
Banks are open to open banking: New ways to work with FinTech
According to the 2017 World Retail Banking Report, 91 percent of banks and 75 percent of FinTechs expect to partner with one another in the future. The report draws on insights and inputs from over 125 industry executives around the world. APIs (application programming interfaces) are a key enablers during this evolution. As the revenue-generating potential of APIs becomes more quantifiable, banks face a compelling call to adopt them.