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axway.com
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Open the door to innovation with an
API-first digital banking platform
A nimble API-first approach must be the cornerstone of your bank's digital
transformation strategy because it enables integration between internal
information and the broader customer and partner ecosystem. By building a
digital banking platform with a cohesive approach to API creation, control, and
consumption, you can enable API developers, security architects, integration
teams and lines of business to work together to:
• Expand reach, revenue, and competitive strength through
experimentation and open innovation
• Be more productive with a modernized infrastructure
• Let the business move faster with secure access to legacy systems
• Protect data by controlling access and bridging identities across
on-premise, cloud, mobile, and IoT
• Integrate devices and systems in consumption- and outcome-
based solutions
• Measure everything that matters about API usage across different
products, services and business models
• Make money by packaging and promoting APIs in creative, secure,
efficient and helpful ways
04
Be proactive, not reactive, with real-time
data and operational intelligence
To transform operations from manual and reactive to systematic and
proactive, you need to tap into data to gain real-time situational awareness
and predictive insights. This kind of information arms your operations staff,
risk and compliance officers, product and customer relationship managers,
and executives with the actionable intelligence they need to focus on what's
most important for overcoming obstacles and achieving their respective
objectives — things like processing payments by cut-off, meeting regulatory
compliance obligations and improving the customer experience.
Real-time API usage data and operational intelligence will help you identify
and resolve unexpected situations, increase efficiencies, and monetize
services to create new revenue streams.
Those who move early
to establish an attractive
platform will obtain a
customer base that is
increasingly unwilling to
switch to competitors as
more and more third-party
developers offer services as
part of the platform. And in
turn, their growing customer
base will attract even
more developers, turning
this virtuous cycle of
growth further.
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5 The API Economy and Digital Transformation in
Financial Services: The Case of Open Banking,
SWIFT Institute, 2017
Read How Fannie Mae's amplified intelligence transforms operations from reactive to proactive and predictive
