Euromoney cash management survey 2023: API adoption makes slow progress

Lack of standardization is one of the main reasons why API adoption has been slow in certain markets.

Euromoney’s cash management survey 2023 reveals that the percentage of respondents who currently have an application programming interface (API) into any of their cash management providers did not change this year – a halt after several years of growth.

While individual banks point to increased adoption, most agree that the market is being held back by the absence of uniform interfaces.

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