Banking · IT in Banking
The primary motivation for banks to invest heavily in Application Programming Interfaces (APIs) and modular architecture is to support which key trend?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1To completely eliminate the need for human intervention in customer service
- 2To comply with the strict regulatory requirements of the SHG-Bank Linkage Programme
- 3To enable rapid, secure, and standardized integration with FinTechs and external partners (Ecosystem Banking)✓
- 4To reduce the cost of physical branch infrastructure
Correct answer
To enable rapid, secure, and standardized integration with FinTechs and external partners (Ecosystem Banking)
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