![]() An example of this is that, in Europe, from 2018, banks are obliged by law to provide account information through the use of APIs.įor this reason, small and large institutions have been developing APIs for banking or Open Banking, in order to adapt. ![]() One by one, banks have discovered their benefits and the possibility of combining them with Open Banking. “APIs used by banks are an innovative, unique and advanced way to reposition themselves as a reference for your customers. While this has generated many concerns for institutions slow to adapt, it is indisputable that all must eventually embrace this solution to survive in a digital environment, in which they are increasingly displaced. With the emergence of Open Banking, the new focus of the financial sector is clear: to automate services with the implementation of APIs in banks.
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