Turning the Open API promise into reality: A roadmap for U.S. banks

Most major U.S. banks today seem to be singing the same tune, when it comes to acknowledging the potentially transformative impact Open API could have on their fortunes. Be it enabling reduced time to market, or helping reimagine the customer experience with personalized core and value-added services, the wide-ranging promise of Open API is not lost on banks. And, many U.S. lenders are beginning to walk the talk by sharing customer data with third parties through rollout of application programming interfaces (APIs). Bank of America recently announced plans for an API-driven information sharing agreement with two data aggregators, conditional upon… [Continue Reading]