Transforming Global Transaction Banking With Open APIs

https://gomedici.com/transforming-global-transaction-banking-with-open-APIs
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Transaction banking refers to a set of commercial banking products and services offered by a bank, including transfers and payments, cash management, asset management, financing, and global trade services. With transaction banking, business enterprises can improve liquidity management, fund cash requirements appropriately, and make safe international money and securities transactions that comply with global financial frameworks. Consumers of transaction banking services include the public and corporate sectors, multinational companies, government agencies, and financial institutions. 

Transaction banking services are especially critical for larger enterprises in securing timely credit, optimizing cash, and managing liquidity. Traditional banks, mostly large global ones, have been at the forefront of providing global transaction banking (GTB) services for years. In the early years, several of these services remained disparate. However, over the years, investments in technology and digitization have integrated them into a common set of offerings, often on a single, integrated platform. Notwithstanding these investments, transaction banking systems have remained isolated from corporate treasury and ERP systems, leaving behind operationa …

https://gomedici.com/transforming-global-transaction-banking-with-open-APIs