For the financial health of members, credit unions must become major players in the API economy

Designing the “seamless” digital experience that financial consumers expect ironically requires a lot of attention to seams. Behind today’s smooth, enjoyable and secure transactions are thousands of threads of code, protocols and definitions, all holding together different systems to give users a flawlessly harmonious experience.

How are financial institutions pulling this off? With an ever-expanding set of integration tools built by developers who keep the so-called API economy humming.

Credit Unions and the API Economy

The API economy thrives on the digital exchange of value, which in today’s financial space is typically data-based. To exchange data between, for instance, a member and a credit union, developers must create secure pathways that help data and services change hands instantaneously. APIs are among the most popular tools used to create those pathways.

 

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