Application programming interfaces (API) have proven their value across many industries and uses for a number of years now, allowing for a model of smart integration and seamless experiences. The pendulum for this model now swings towards banking, with services ranging from bank account management to fraud prevention. Many payments providers and leading financial services firms have begun using APIs to broaden and enhance services, increase automation and strengthen security, and the U.S. has seen a significant increase in the use of APIs to support consumer and business needs. Now financial institutions, fintechs, and regulatory bodies across the globe have begun to embrace the standardization of APIs to securely transfer information, and deliver financial services safely and efficiently to consumers and businesses.
This webinar introduces the concepts of APIs. Speakers will discuss the API Standardization Industry Group, a diverse group of organizations and individuals working to support advancement and use of standardized APIs within the U.S. financial services industry by developing a standards framework, or “API Playbook” that will: (1) improve the safety and transparency of transactions, (2) automate and increase the speed of processes and communications, (3) promote efficiencies, effectiveness and reach for all stakeholders, and (4) enhance support of payments innovations.
Gain Insight & Understanding
SVP, TM API Product Management, Wells Fargo
Business Development and Policy, Plaid
Managing Director, Network Development and Strategic Initiatives, NACHA – The Electronic Payments Association
Kathy Levin, AAP
Senior Director, Strategic Payments Analyst, NACHA – The Electronic Payments Association