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Denver Office

26 West Dry Creek Circle, Suite 440
Littleton
CO, 80120
US

Birmingham Head Office

850 Corporate Pkwy Suite110 - A
Birmingham
AL, 35242
US

Orlando Office

100 East Pine Street
Orlando
Florida 32801
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Montgomery, Alabama Office

7050 Fain Park Dr, Suite 14
Montgomery
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Atlanta Office

5000 Research Court Suite 750
Johns Creek
GA 30024
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Mobile, Alabama Office

3737 Government Blvd Ste 304C
Mobile
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Nashville, Tennessee Office

4029 Cheever Street
Franklin
TN
US

Telephone

1-800-915-3381

Contact

Madison Junqueira
[email protected]
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NXTsoft is Bringing APIs to Marketplaces

Recently Roy Urrico at Finopotamus interviewed NXTsoft Chairman David Brasfield about NXTsoft's OmniConnect and API Marketplace. Here is an excerpt of that article below.

Fintechs, open banking and application programming interfaces (APIs) appear to be a winning combination for the foreseeable future. Stimulating the growth and reshaping the future of the financial services industry is a surge in investment in personalized digital solutions.

A recent Research and Markets report anticipates the global fintech market to reach about $305 billion by 2025. Meanwhile the open banking marketplace already generated $7.29 billion globally in 2018 on the way to an expected $43.15 billion by 2026, per a recent Allied Market Research report. Driving adoption: new applications, digital services and APIs

A number of financial institutions have already entered the fintech realm by offering banking-as-a service (BaaS) products and services — typically developed by trusted third-party vendors and empowered via APIs. These credit unions and banks identified the movement toward embedded financial capabilities early on and opened up respective banking systems directly to software companies to protect against tech competition and to grab a broader deposit share.