How can banks use APIs to enhance digital innovation?

Welcome October,

If September is the month of the return to routine, October is the month of changes, a new season begins and companies prepare to achieve the objectives set for the end of the year. Today we review the latest news from the financial and technology sector. Let's get started ??

How can banks use APIs to enhance digital innovation?

?Months ago we wrote an article about what an API is and how banks and fintechs can use it. In the last article from The Financial Brand, they talk about how banks need to unify and orchestrate operations, customer engagement and processes for all products and channels. Maybe you are wondering why they need to be unified. As Michael Sanchez, Executive Chairman of Savana says in the article: “Having a unified system is arguably the most critical component of an end-to-end digital banking enterprise, as it negates the need to replicate processes in the various channels and systems of record (SORs). APIs are a key element in meeting this challenge.” You can read the whole article here.

In China, 45% of adults use a digital wallet.

Why is China ranked No. 1? As Insider Intelligence mentions, basically we have to take into account that in China, 90.5% of users make online purchases. In second place we can see India, followed by Brazil.

Our latest articles

?? Triple, two years of growth and challenges: It’s been two years since Triple was born, time flies! During all this time we have been working non-stop to offer innovative solutions for the financial and retail sector. https://jointriple.medium.com/triple-two-years-of-non-stop-53d0d6f76aa1?

?? What is an API and how can banks and fintechs use them? In the past years, the financial sector has been digitally transformed, we could say one of the most. In short terms, the emergence of open banking has led financial institutions to use the famous APIs. What for? To offer more services that were not offered before and to automate others. Here we tell you what they are and what they are for. https://jointriple.medium.com/what-is-an-api-and-how-can-banks-and-fintechs-use-them-216bd863215a?

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