An application program interface is a collection of programming instructions and standards that enable computer programs to directly communicate with one another. While this may sound like a lot of tech talk, many argue that APIs represent the future of banking. In fact, experts believe that APIs have the potential to transform banking in the same way that Amazon Web Services have transformed cloud computing.
If you are a practitioner, you need to learn about the potential of APIs to streamline your treasury operations and reduce your costs. If you are a banker, you need to know about APIs as well. Your customers will expect you to know.