Open banking and APIs promise to revolutionise cash management by enabling real-time connectivity, centralised visibility, and reduced manual effort. The potential is clear — especially for scaling businesses dealing with growing numbers of banks, accounts, and users.

However, the reality is more complex. Adoption across banks is uneven, API standards vary, and true multi-bank integration often requires more than just open banking access. Relying solely on PSD2-based solutions can result in limited functionality and inconsistent data.

To truly benefit, companies need platforms that go beyond basic open banking — combining API technology with deep banking integrations, smart automation, and compliance controls.

We’ve outlined these insights in a white paper to help you evaluate the right approach and avoid common pitfalls when implementing modern bank connectivity.