APIs (Application Programming Interfaces) are the cornerstones of many corporates, financial institutions and Fintech providers. Over the last years, the requirement for integrating siloed systems has been steadily growing in order to share data and enable transactions within the market. More recently, financial institutions are sharing their internal information sources as well as opening up to external data providers through APIs creating thriving platform offerings across the trade finance ecosystem.
A growing number of APIs are been used to interconnect trade finance systems and their components in the trade finance. This infographic highlights the main benefits of APIs in trade finance and their importance in the industry. View the infographic about API shaping the future of Trade Finance here.