Drawing the road map for digital treasury in banking: part two

A growing number of treasury departments and capital markets divisions within banks have acknowledged the limitations of legacy IT and on-premises infrastructure. As banks look to migrate to more agile and forward-looking technology operating models, representational state transfer application programming interfaces (Rest APIs) have emerged as key enablers of an interconnected and interoperable treasury and capital markets environment.

By connecting software applications and delivering data and messages, such APIs enable real-time communication and increased treasury efficiency, competitiveness and strategic value. The goal on this journey is to unlock the benefits of interoperability, real-time data access, customer connectivity, security and scalability within organisations. Breaking down data silos, fostering automation and providing a standardised way to access accurate data will define the next era of successful bank treasury operations.