Changing technology has always been a challenge for treasury departments due to the lack of budget for treasury-specific technology investment. Yet, firms are now delivering connectivity to multiple financial counter-parties and integration with core corporate systems with an ease that parallels consumer apps. Part of the solution is the Application Programming Interface or API.
But questions remain: what kind of API, from what kind of provider, and built for what purpose?
If treasurers are to understand the potential of current-generation connectivity, they need a handle on the pros and the pitfalls of API implementation. They also need to ask if this form of technology is right for them.
Download the paper to learn more about the emerging world of treasury API applications (in ordinary tech-free language).