Banks Must Adopt APIs for Business Lending or the Fintechs Will Win
There’s never been a more pressing time for banks to adopt APIs. This week, The Financial Brand Jim Marous, and Bill Streeter features Boss Insights’ Keren Moynihan spotlighting why banks can win in the war for customers.
During the early PPP rollouts, fintech lenders using advanced technology saw client acquisitions soar. Many traditional institutions, where business lending remains largely manual, relied on ‘sweat equity’ and legacy tech to handle the challenge. The pandemic period may prove to be the make-or-break time for true digitization in banking.
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Originally published Jul 31, 2020, updated Jul 31, 2020