B2B APIs: FinTech, Bank Rivalry PYMNTS.com

The rivalry between banks and FinTechs has, at times, been tense if not downright combative. Enter APIs to help the two sides coexist more peacefully. API solutions are doing more than helping two different types of financial institutions find ways to collaborate. By integrating artificial intelligence and machine learning capabilities, companies are relying on API solutions to fight cybersecurity threats and help businesses determine the trustworthiness of a potential trading partner before entering a risky arrangement. Because these solutions that can help reduce the risk of conducting digital commerce, investors are taking notice and writing the big checks with several AI and machine learning solutions securing millions in recent fundraising rounds.