Article: Open APIs And What They Mean For Banks & Family Offices

API, Money, Open Governance, Open Infrastructure

Open APIs And What They Mean For Banks & Family Offices

The digital age and growing globalization have triggered a rapid evolution in the financial needs of ultra-high net worth individuals and family offices, driving increasing complexity in wealth management.

A mere decade ago, most UHNWIs and family offices conducted all of their financial transactions through a single bank. In recent years, multiple banking relationships have become commonplace, and individual wealth spread across a range of specialized custodians and jurisdictions. This has catapulted banks into a highly competitive environment.

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