Commerzbank is on a mission to become an open banking champion. Since the formation of its application programming interface (API) programme in 2017, the German lender has deployed and prioritised open banking principles in pursuit of this ambition.
On a technical level, API banking is being used to develop integrated services across organisational boundaries. This involves collaborating with other operators in the open banking ecosystem in order to co-innovate solutions that enhance value for the bank’s customers. Beyond the technology, however, Commerzbank is also fostering a culture of “trust and encouraged experimentation”, internally and with its chosen partners, as it looks to the future.
