January 25, 2022 –APIs are the key technology components that enable the digital transformation of finance. The flexibility and ease of integration that APIs bring allow financial institutions and businesses to develop multi-party ecosystems that create new value for customers.

This Impact Report provides useful insights to fintech vendor strategy managers, bank product managers, and corporate IT development teams to understand current strategies and practices that bring the best results to engage and retain partners in developing APIs. Aite-Novarica Group conducted interviews with 25 large FIs and technology vendors concerning their API strategies and modern digital platforms.

This 27-page Impact Report contains 10 figures and three tables. Clients of Aite-Novarica Group’s Retail Banking & Payments or Commercial Banking & Payments services can download this report and the corresponding charts.

This report mentions Andreessen Horowitz, Apple, Bancorp Bank, Chime, Corezoid, Goldman Sachs, Magento, Marqeta, MuleSoft, NXTsoft, Rakuten, RapidAPI, Sandbox Banking, Shopify, and Stripe.