
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
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