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.
Lack of confidence in the payment platform and slow processing are the two factors that most influence the abandonment of purchases from ecommerce. Two problems that can be solved thanks to APIs.
Banks have accelerated their digital transformation as a result of the COVID-19 pandemic. In this new ecosystem, open banking and integrated finance are booming, facilitating banking operations and improving the customer experience.
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.