Easy and fast, two words that are music to FIs digital transformation ears
This is the third of a three-part series about how APIs are becoming increasingly instrumental for financial institutions—which is why so many more are investing in them.
Read the first post “How banks can get the most from API content” and the second “Orchestrated APIs help FIs speed up their digital transformation.”
The last blog post, Orchestrated APIs looked at how APIs, when they’re working together, deliver substantial benefits for FIs. That includes the standardization orchestration brings by addressing the disparity of APIs in various operations and applications. And this blog hones in on how API toolkits can help deliver the building blocks that you need to help bridge the gaps—and catch your competition who has already gone all in on digital transformation.
Many of the digital-first changes FIs need to make rely heavily on APIs. Which is why, as reported by Forbes, API investments are the 2nd hottest technology trend in 2021. And while the investments are wise for FIs, you need to do more than just acquire them.
Uniform. Consistent. Orchestrated. That’s what stand-alone APIs are not. And API toolkits are built with an understanding that each FIs’ applications are different—there’s not a software product available that is built to suit each one’s needs. But, using API toolkits, you have the ability to customize and build your own API offering that’s the right solution for you and your customers.