Corporate Banking API Strategies

  • ID: 4456412
  • Report
  • 25 Pages
  • Aite Group, LLC
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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 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.
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  1. Impact Points
  2. Introduction
  3. Methodology
  4. The Market
  5. Opportunities With API Strategy
  6. From Retail To Corporate Banking APIs
  7. Corporate Banking Specific Needs
  8. API-Enabled Treasury Services
  9. Cash Management
  10. Data Analysis
  11. What Banks Need To Know
  12. Collaboration And Partnerships
  13. API Use Case For Corporate Banking Services: Standard Chartered
  14. API Use Case For Corporate Banking Services: Citigroup
  15. Conclusion

List of Figures
Figure 1: API Initiatives At Banks
Figure 2: Client Needs Are Important Reasons To Adopt APIs
Figure 3: Product Management Areas Involved In API Projects
Figure 4: Top Business Priorities For API Development - Payments And Cash Management
Figure 5: Banks’ Priorities For Transaction Banking APIs

List of Tables
Table A: The Market

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  • Citigroup
  • Standard Chartered
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