Advisory firm Celent recently referred to corporate-to-bank channel connectivity as a critical enabler for businesses as they expand. Application programming interface (API)-enabled connectivity supports multi-bank connectivity and data aggregation and enterprise resource planning (ERP), treasury management systems (TMS), and accounting software integration.
Corporate APIs have lagged consumer APIs in services such as real-time views of cash balances, with open banking being a catalyst for consumer use cases. But this is changing according to Kerstin Montiegel, head of client connectivity at Deutsche Bank, who says the cost-return ratio is now moving in favour of corporate adoption.
The pandemic, the war in Ukraine, inflation, and the disruption of global supply chains … have made multinational corporations realise the weaknesses of manual treasury processes
Kerstin Montiegel, Deutsche Bank
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
