In the age of data-driven financial services, Application Programming Interfaces (APIs) have become the essential building blocks of digital channels such as the apps and online banking services used by millions of customers.

But as the data ecosystem evolves, and Open Banking shifts into Open Finance and Open Data, APIs are becoming far more than just gateways for data exchange between applications and systems: they are in the process of becoming drivers of real innovation and strategic value.

As a result, FSIs who are slow to adopt this approach and fail to unlock the potential for new products and services, risk losing out to more nimble, Open API-enabled competitors.

In this podcast we were joined by Alfonso Navio, business strategist for financial services at Red Hat to explore how FSIs are leveraging APIs to drive value for their customers.