7/4/2023 0 Comments Platform 21 by T.R. Patrick![]() ![]() They can quickly and cost-effectively provide a more complete solution that enables them to increase revenue and retention.ĪPI Services are enabling traditional brick and mortar businesses to more quickly move towards digitization. With API Services, that company can now offer business banking & loans, as an extension to their existing business without any of the hassle of needing to establish a bank license or build any technical infrastructure. A SaaS company offers back office management software as a value added service. To imagine what might be possible here, let’s look at an example. The end result is any company can more quickly launch a completely new business or new line of business within an existing company. As an example, we see APIs for Banking, or Banking as a Service, that allow any existing or new business to offer bank accounts, credit cards, or lending as an embedded service within another application. The API economy is moving into a new era where APIs are moving beyond providing a utility to providing an embedded service that enables higher order software applications to be created. ![]()
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