American Banker takes a close look at how APIs are being used at some of the world’s leading banks and how important the technology has become in a digital banking world; BBVA is allowing customers to white label products such as point of sale lending as they believe this will help them to serve big corporates better; Silicon Valley Bank, Bank of America, JPMorgan Chase, Wells Fargo and Citigroup all allow big customers to pull bank account data into different accounting or workflow apps; APIs are also helping smaller banks like Eastern Bank and Radius Bank to connect to fintech startups, providing a more secure and efficient environment; APIs have become a core technology to banks in the last couple of years as customers, corporates and individuals, gain more control of data and their full financial lives. Source.
