As part of its efforts to help bankers understand and leverage the benefits of fintech, ABA has updated its white paper on application program interfaces, or APIs. A supplement to ABA’s Fintech Playbook, the paper explains what APIs are and how they can be used by banks to facilitate the secure transmission of customer information to authorized third parties. Accompanying the report is an APIs infographic that summarizes the opportunities these tools provide.
In addition to the paper on APIs, ABA has also published supplements on digital lending and blockchain technology. Bankers can access the papers—which are available free to ABA members—as well as other fintech resources by visiting aba.com/fintech.