Key Impact Points
- Globally, banks today are concentrated on payment-centric application programming interface (API) strategies.
- In the next two years banks will move to a wider corporate transaction banking-based API plan, offering access to transaction banking processes: cash management, liquidity management, and treasury.
- Collaboration with financial technology companies has become a foundation for any bank's API plans.
- This report specifically addresses how/what API services can be offered by global banks to service their corporate clients.
Forward-looking banks will start opening application programming interfaces as a competitive tool to collaborate with their corporate clients in business-to-business transactions that span all global corporate banking processes. But if banks have less money, less time, and a greater focus on security that hinders their ability to focus on and deliver what's needed in today's competitive market, can collaboration with fintech companies be the most effective and efficient way forward?
Based on interviews with product managers, line-of-business heads, and digital channel managers at Asia-Pacific, European, and North American banks as well as with fintech providers, this report presents information on banks' strategies for deploying APIs. It also leverages a late 2016 email survey of and telephone interviews with 21 major international banks.
Key Topics Covered:
- Impact Points
- The Market
- Opportunities With API Strategy
- From Retail To Corporate Banking APIs
- Corporate Banking Specific Needs
- API-Enabled Treasury Services
- Cash Management
- Data Analysis
- What Banks Need To Know
- Collaboration And Partnerships
- API Use Case For Corporate Banking Services: Standard Chartered
- API Use Case For Corporate Banking Services: Citigroup
- Standard Chartered
For more information about this report visit https://www.researchandmarkets.com/research/t4jdvh/2017_corporate?w=4