Axway Survey Confirms Trends for API Strategies in Open Banking, Healthcare and Enterprise Security

More than 60% of Americans want their personal data to be securely shared with healthcare providers and third-party financial service organizations, but don’t know where their data is stored.

PHOENIX--(BUSINESS WIRE)--Axway (Euronext: AXW.PA), a global API management and integration software leader, today released the results of a consumer survey showing how they expect their personal data to be shared and secured. The 2023 survey polled 1,000 American adults about their expectations and top concerns about how companies use, handle and track their data – signaling a need for more trustworthy digital experiences.

The survey found that while more than 60% of Americans feel open banking is positive and 62% want healthcare providers to share their health records with other providers, nearly 56% don’t know where their data is stored and 87% wish they knew what data companies collected about them.

The survey data reflects responses from everyday consumers throughout the United States. Banking and Financial Services rank first when it comes to American trust in the protection of private information (57%). Healthcare and Lifesciences (42%) is second, followed by Insurance (33%). Americans trust Transportation and Logistics (16%) least when protecting their private information. 57% said they would stop doing with companies that had a cyberattack or a data breach until the issued had been resolved.

“No matter the industry – energy, finance, healthcare, retail, or so on – companies are trying to provide a digital experience that is both easy and connected with vendors or partners, as well as secure and private in their data management,” said Brian Otten, VP, Digital Transformation Catalysts. “Companies need to bridge the gap between efficient API consumption and opening data in such a way that users are pleased with the digital experience and also trust that their data is being used with discretion and with their consent.”

The survey results indicate how consumers perceive their data being used by companies. There is increasing trust in companies being transparent about using online data (53%) and app tracking transparency has empowered to Americans with more control over how their data is being shared. However, almost 84% of respondents said they would trust mobile apps and websites if they could block access to their personal data at any moment.

Click here to download the full report.

Survey Methodology

The 2023 Axway Consumer Survey was conducted September of 2023. Respondents included 1,001 adults over 18 years of age living in the United States.

About Axway

Axway enables enterprises to securely open everything by integrating and moving data across a complex world of new and old technologies. Axway’s API-driven B2B integration and MFT software, refined over 20 years, complements Axway Amplify, an open API management platform that makes APIs easier to discover and reuse across multiple teams, vendors, and cloud environments. Axway has helped over 11,000 businesses unlock the full value of their existing digital ecosystems to create brilliant experiences, innovate new services, and reach new markets. Learn more at axway.com.