Next-Gen Commercial Banking January 2022 - Learn how commercial banks are embracing open banking to keep up with third-party financial services providers

Next-Gen Commercial Banking

Open Banking APIs Help Corporate Clients ‘Get In, Get It Done And Get Out’

Companies want many of the embedded finance options that FinTechs offer, and APIs and open banking helps banks give their corporate clients the best of both worlds. In the Next-Gen Commercial Banking Tracker, a PYMNTS and FISPAN collaboration, Bank of Montreal’s Sean Ellery explains how they’re using open banking APIs to extend customized services and experiences that go beyond routine digital banking options.

Inside the January Tracker

  • An interview with Sean Ellery, head of digital and innovation, commercial banking, with BMO Financial Group, on how open banking can help financial institutions expand offerings beyond the traditional online banking platform
  • The latest headlines from the commercial banking space, including a 17% increase in APIs offered per bank and why one-quarter of banks and credit unions plan to invest in or develop APIs in 2022
  • An in-depth look at the benefits of open banking and how FI startups and third-party financial providers are proliferating, causing traditional banks to pivot to meet the needs of clients that want more from their financial partners

    By completing this form, you agree to receive marketing communications from PYMNTS and consent to the sharing of your information with our sponsors, where applicable, in accordance with our Privacy Policy and Terms and Conditions. Sponsors may use this information to contact you directly. You may update your preferences or withdraw your consent at any time.

    to our daily newsletter, PYMNTS Today.

    Next-Gen Commercial Banking