"The push toward an always-on, digital-first economy has compelled incumbent institutions to reassess how money flows. APIs sit at the center of that rethink, transforming payments from a calendar and timezone-bound process into one that can run continuously. This year, Citizens Bank refreshed its open banking API. BNY is taking a parallel path: broadening treasury services with initiatives in FX settlement, blockchain, stablecoins, and tokenized deposits."
"Adding these as layers on top of treasury services builds on BNY's existing treasury services without rebuilding the whole stack. APIs are becoming the go-to tool for banks in stitching together legacy platforms and emerging ones. However, their impact runs deeper. They spotlight key themes about the changing nature of modern banking and the business model underpinning financial services. Carl Slabicki, Executive Platform Owner, Treasury Services at BNY, breaks down these themes and how New York-headquartered BNY is moving decisively on them."
An always-on, digital-first economy is forcing incumbent institutions to rethink payment flows. APIs transform payments from calendar and timezone-bound processes into continuously running services. Banks like Citizens Bank refreshed open banking APIs while BNY expands treasury capabilities with FX settlement, blockchain, stablecoins, and tokenized deposits. Layering new capabilities atop existing treasury services preserves current stacks rather than rebuilding them. APIs stitch legacy platforms with emerging ones and expose deeper shifts in modern banking and financial services business models. Banks need sharper focus on strategic themes when embarking on API adoption.
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