API Platforms in Investment Banking

Written by CFTE’s Experts

In the realm of digital finance, Application Programming Interface (API) platforms have become a matter of substance as time progressed. They serve as a messenger between two parties and act to set up a stable connection that helps investment banking automate the services it provides, making it possible for work and business to become more convenient and practical.

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Furthermore, there is a strong push from regulatory bodies in specific countries to embrace open-banking norms in order to expand industry growth and competitiveness. The accessibility and wide-spread use of cloud computing and its connected systems are helping to improve provisioning, scalability and agility.

How are API Platforms Transforming Investment Banking?

From booking flights to logging into our favourite social media websites, API platforms have become widely apparent in the sector of financial banking as well and they have done a great job in changing the way business is conducted.
From the implementation of smart devices that use API platforms for offering competitive solutions to forming effective communication between a bank and the relevant party, investment banking has seen progress in leaps and bounds.
Companies have picked up Internal API platforms—one of the three types of APIs—and have been working through them for years now. This reduces costs, attributes to operational efficiency, and increases the level of security.
APIs and API platforms pose a great potential if they’re utilised appropriately. Let’s have a look at some of the reasons why a plethora of investment banks in the world today have adapted to this opportune technology.


– API platforms have brought transparency and security in the way investment banks deal with clients.
– API platforms help save cycle time and costs on product application-related processes.
– API platforms provide an interface that makes investment banking assets easy to be accessed, thereby making it simple for customers to interact with their finance.

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Examples of API Platforms in Investment Banking

The following are some noteworthy examples of API platforms in the investment banking sector.
– By automating services that otherwise would take long hours of manual labour to complete, APIs allow investment banks to spend their time more wisely.
– APIs are equipped to customize web-based banking portals that attribute to a pleasant experience for customers.
– APIs can offer multiple services under one platform. These include investment options, loan management, payment services, etc.

Financial Institutions That Use API Platforms

Let’s take a look at some companies taking up API platforms as their daily drivers.
Plaid is a US-based financial services company and they support the largest banks in the USA. They have their very own API platform that is used to provide a gateway for users to connect their financial accounts with an app.
Yes Bank is a private banking company in India and their far-flung success is only due to the courtesy of hosting an extensive API network that delivers a singular platform to its customers.
BBVA is one of the largest financial institutions in the world and is one of the best investment banks in Spain. It is known to offer a horde of API services to clients in Mexico and the USA as well.

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Final Thoughts

Living in this tech-forward age, digitalization seems the only logical way forward. As more and more companies begin to harness the power of APIs, a sense of hard-and-fast competition is on the rise, and the fight for dominance is surely going to be cutting-edge and full of innovations from here onward.

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