For corporate treasurers and CFOs, APIs that connect businesses to their banks in real time are a game-changer and well overdue. Enabling the direct flow of financial data between these parties allows businesses to more accurately monitor cash flow and make better, faster decisions about how to deploy capital.
The smartest banks are investing significant resources in building bank APIs—whether to comply with open banking regulations or to gain a competitive edge. But not all bank APIs are created equal, and too many banks are wasting time and resources building a subpar product that’s cumbersome for their customers to use.
Read the article by FinLync CTO Peter Klein on Forbes here