Bank of America, the second largest bank in the U.S., introduced a new API on Tuesday for its corporate treasury customers. Using the API, these customers can access their banking information and perform real-time transactions. The bank believes that it will improve its ability to collaborate.
The Federal National Mortgage Association, or Fannie Mae, a government-sponsored enterprise and key player in the secondary mortgage market, is currently beta testing an API platform that it says will “level the playing field” for lenders in the multi-trillion dollar market for mortgages.
