Likelihood of Future Role for Banks
Role of banks likely to change in the connected banking ecosystem
With APIs acting as a bridge between systems, banks can gain much more value by viewing them in the big picture. While the customer data they own will enable banks to claim a central role in the evolving digitally connected ecosystem, how large a role they occupy will be up to them. As the new banking models play out, banks will have to make strategic choices about the specific roles they would like to take on in the future, and will need to frame their strategy accordingly.