Digital Transformation in Banking

on YouTube ↗27m

" summary

RapidAPI runs a public marketplace with 1M developers and billions of daily calls and projects the API economy near $2.2T; banks typically already have 300+ internal APIs to organize. Adoption accelerates from three forces: fintech frontends that rely on bank partners, regulation like PSD2/open banking, and aggregators (Plaid-style). Practical steps: catalog and expose internal APIs first, deploy a centralized API platform, prioritize developer experience, enable fast CI/CD publishing, and expose new services (KYC, document delivery) as APIs.

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" chapters (13)

1. 0:00Introduction
2. 1:24Rapid API overview
3. 3:51APIs in financial services
4. 8:05Drivers for API adoption
5. 10:50Fintech and API partnerships
6. 13:19Regulations accelerating APIs
7. 16:11API platform best practices
8. 18:57Internal APIs first
9. 20:42Expanding API products
10. 22:06API proliferation summary
11. 23:34Q&A: Banks vs fintechs
12. 25:59Q&A: Adoption gaps
13. 26:40Q&A: Top API communities

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