BBVA API Market
Many companies are committed to them because they enable them to expand and diversify their creation channels and their revenue and save costs. The main strength of APIs is that they facilitate the relationship between two applications for exchanging messages or data.
APIs are already improving the business models of many companies, and many sectors are committed to them. For example, financial institutions expect that they will help them in their transformation processes and in boosting their microservices.
You no longer need to go to a bank branch to open a bank account. APIs allow you to complete this and any other banking operations without leaving your company's own platform, with a fully integrated experience.
Bank accounts are one of the most popular products taken out by Spanish citizens. Open banking is helping to further generalize this product among the population by offering digital accounts on third-party platforms. An incredibly attractive option with a number of advantages over traditional checking accounts.
Carlos López-Moctezuma analyzes the present and future of open banking in a roundtable dedicated to this matter, where essential questions such as user growth curve, the role played by fintech and the profound evolution that banks such as BBVA and others have experienced in the past few years.