Issue link: https://recursos.axway.com/i/1321495
6 Open Banking APIs State of the Market Report 2020 GLOBAL OPEN BANKING PLATFORMS AND PRODUCTS 423 OPEN BANKING PLATFORMS 2845 OPEN BANKING API PRODUCTS 269 % ANNUAL GROWTH RATE ASIA PACIFIC 77 1350 MIDDLE EAST & AFRICA 31 129 US & CANADA 25 121 EASTERN EUROPE & RUSSIA 3 11 EUROPE & SCANDINAVIA 262 1048 UK 23 132 LATIN AMERICA 11 54 Platforms Products GLOBAL OPEN BANKING API PLATFORMS AND THEIR API PRODUCTS, Q3 2020 (N=423 PLATFORMS) Payment and account information functionalities dominate the type of API products that banks are making available (56% of all API products). Again, this reflects mandatory regulations, which also explains the high number of bank products data being available by API (10%). Banks are beginning to recognize the potential of opening other capabilities via API, but are mostly prioritizing functionalities that will help drive new customers to the bank: KYC/Identity will let third parties open new customer bank accounts, and credit-scoring/pre-loan approval APIs drive new loan customers to the bank (9% and 7% of all API products respectively). Trading and FX APIs (3% each) are also emerging, often made available by commercial rather than retail banks. SUMMARY