FinTech Partnerships Force Banks to Fix API Oversight
Adding a FinTech partner has become much easier than managing dozens of them over time. To that end, banks and credit unions have been relying on outside providers for everything from payments and digital onboarding to fraud prevention and data analytics. Partnerships remain central to innovation strategies, but each new connection also expands the number of application programming interfaces (APIs), credentials, user permissions and third-party relationships that financial institutions must ove