Dear {{lead.First Name:default=Subscriber}},
“I would encourage every bank to start looking at the APIs that are being made available by their competitors. Banks should look at themselves not just as a distributor of an API, but as a consumer of an API,” said Nick White, vice president, product and marketing, digital banking group, Fiserv, in a recent interview.
That, White said, could be crucial for the banks, as fintech organisations become more a part of the mainstream financial services agenda.
“We’ve seen some really good, healthy interest from fintechs though as we know they are perhaps the ones who have most to gain in terms of open APIs. They have the blessing of the Financial Conduct Authority, and they’re now trying to start using these APIs. It’s good to see that kind of innovation coming through,” he added.
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Kind regards,
Vicky Beckett
Editor, The Global Treasurer