APIs Become Core Technology to Big Banks

American Banker takes a close look at how APIs are being used at some of the world’s leading banks and how important the technology has become in a digital banking world; BBVA is allowing customers to white label products such as point of sale lending as they believe this will help them to serve big corporates better; Silicon Valley Bank, Bank of America, JPMorgan Chase, Wells Fargo and Citigroup all allow big customers to pull bank account data into different accounting or workflow apps; APIs are also helping smaller banks like Eastern Bank and Radius Bank to connect to fintech startups, providing a more secure and efficient environment; APIs have become a core technology to banks in the last couple of years as customers, corporates and individuals, gain more control of data and their full financial lives. Source.

  • Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.

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