API Technology Challenges Practioners Want Solved in the Near Future:
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Data for today’s episode is provided by Mercator Advisory Group’s Report: Treasury Automation: Adapting to Increased Expectations
API Technology Challenges Practitioners Want Solved in the Near Future:
- 52% of API practitioners surveyed in 2021 say that standardization is a top API technology challenge they hope to solve in the near future.
- 40% of API practitioners surveyed in 2021 say that security is a top API technology challenge they hope to solve in the near future.
- 36% of API practitioners surveyed in 2021 say that scalability is a top API technology challenge they hope to solve in the near future.
- 36% of API practitioners surveyed in 2021 say that versioning is a top API technology challenge they hope to solve in the near future.
- 34% of API practitioners surveyed in 2021 say that authentication is a top API technology challenge they hope to solve in the near future.
- 34% of API practitioners surveyed in 2021 say easier integration between tools is a top API technology challenge they hope to solve in the near future.
About Report
Automating treasury operations has been a steady goal in corporate finance since at least the mid-2000s. The increasing technology capabilities of the past several years, along with the pandemic, which has refocused the corporate world on liquidity, have combined to help shift treasury automation into a higher gear. In a new research report, Treasury Automation: Adapting to Increased Expectations, Mercator Advisory Group reviews the traditional and now changing role of treasury management into a more strategic resource for the CFO. Forward-thinking financial institutions, traditional treasury management solution providers, and latest generation fintechs are striving to assist their corporate clientele to optimize their capabilities in treasury operations. Companies are looking to their providers to help move them to a new level of effectiveness.
“Treasury management has traditionally been a specialized and lightly resourced area of corporate finance. This began to change after the global financial crisis as the role of treasury began to expand in the planning and execution of corporate financial imperatives,” commented Steve Murphy, Director of Mercator Advisory Group’s Commercial and Enterprise Payments Advisory Service, author of the report. “That adaptation through technology advancements continues and, of course, received a boost from pandemic-generated issues when the recognition of digitized financial processes as a catalyst for improved financial operations became quite clear to many, especially lagging organizations.”