Cases

We supported a top 3 Austrian bank to shape, kick-start and accelerate the Open API transformation of the global transaction banking - cash management tribe​

Challenge

• The client was seeking to reinforce its position as best cash management bank in the CEE region ​
• To realise this ambition, the client was looking to devise a winning API strategy,  roadmap and transformation plan to become a leader in API Banking in its target markets in the CEE region ​

Approach

• Developed view on API market dynamics & established/emerging API propositions​
• Developed global/CEE view of competitive dynamics to understand window of opportunity for APIs in 15 target markets across the CEE region​
• Executed design thinking workshops with corporate and financial institution clients to understand pains & demands in treasury and cash management operations​
• Developed value adding API propositions & roadmap to address client needs/demands and launch initial proof of concept​
• Identified technology partners (ERP/TMS, fintech) that can function as accelerators for API adoption in corporate system landscape​
• Conducted capability gap assessment to develop execution plan to close gaps​
• Developed API business case to justify investment in initiation of strategic API initiatives​

Key results

• Future-proof API strategy enabling creating of a “real-time treasury proposition” for corporate & financial institution clients​
• API roadmap with 30+ API product propositions and pipeline of interested clients​
• Partnership strategy to accelerate adoption and seamless integration of APIs and pipeline of interested partners​
• Capability development plan to realise successful Proof of Concept for prioritised API product propositions with actual clients and partners​