Banking API Use Case Series - Build partnerships to expand your bank's reach
APIs open new opportunities to serve the unbanked and underbanked
In some parts of the world, retail banks have achieved peak customer reach. In others, potential customers choose fintech apps over bricks-and-mortar branches. To adapt, banks are opening their APIs to new ecosystems, enabling them to serve people who previously couldn’t or wouldn’t participate in traditional banking.
There were 1.7 billion “unbanked” adults around the world in 2017, with no account at all.