DH Corporation, a leading provider of technology solutions to financial institutions globally, has published a white paper to guide banks as they consider the impacts and opportunities of open Application Programming Interfaces (“open APIs”) on their payments businesses. Titled “Open APIs: A Survival Guide for Banks,” the paper explores the driving forces behind the open API movement, including the proliferation of new immediate payments schemes, regulations like PSD2, and the rise of FinTech service providers. Through real-world examples, it shows how financial institutions worldwide are deploying and benefiting from open API-based initiatives. Balancing time-to-market considerations with the realities of legacy technology environments, it also sets forth a comprehensive roadmap for banks seeking to pursue an open API enablement strategy.
“Open APIs are the vital glue holding together the interconnected ecosystems that will make up the future of banking and payments services, and will serve as a catalyst to foster innovation,” says Veejay Jadhaw, Chief Technology Officer, Global Payments Solutions, D+H. “In strategically approaching the decision on whether – or, more likely, how – to embrace open APIs, a bank can both clarify its future direction and strategy, and also secure its desired competitive positioning in the industry.”
To receive a copy of Open APIs: A Survival Guide For Banks, go to: http://www.dh.com/resources/white-papers/open-apis-survival-guide-banks
D+H (TSX: DH) is a leading financial technology provider that the world’s financial institutions rely on every day to help them grow and succeed. Our global payments, lending and financial solutions are trusted by nearly 8,000 banks, specialty lenders, community banks, credit unions, governments and corporations. Headquartered in Toronto, Canada, D+H has more than 5,500 employees worldwide who are passionate about partnering with clients to create forward-thinking solutions that fit their needs. With annual revenues in excess of $1.5 billion CAD, D+H is recognized as one of the world’s top FinTech companies on IDC Financial Insights FinTech Rankings and American Banker’s FinTech Forward rankings. For more information, visit dh.com.