‘Stablecoins and tokenized deposits will be complementary, not cannibalistic’: BNY’s Carl Slabicki on the next chapter for treasury
- APIs are becoming the go-to tool for banks in stitching together legacy platforms and emerging ones, reflecting deeper shifts in banking and its underlying business model.
- Carl Slabicki, Executive Platform Owner, Treasury Services at BNY, unpacks the key themes and how New York-headquartered BNY is moving decisively on them.
The push toward an always-on, digital-first economy has compelled incumbent institutions to reassess how money flows. APIs sit at the center of that rethink, transforming payments from a calendar and timezone-bound process into one that can run continuously.
This year, Citizens Bank refreshed its open banking API. BNY is taking a parallel path: broadening treasury services with initiatives in FX settlement, blockchain, stablecoins, and tokenized deposits. Adding these as layers on top of treasury services builds on BNY’s existing treasury services without rebuilding the whole stack.
APIs are becoming the go-to tool for banks in stitching together legacy platforms and emerging ones. However, their impact runs deeper. They spotlight key themes about the changing nature of modern banking and the business model underpinning financial services.
Carl Slabicki, Executive Platform Owner, Treasury Services at BNY, breaks down these themes and how New York-headquartered BNY is moving decisively on them. He also sheds light on where banks need a sharper lens when beginning their API journey.
The story banks often get wrong about API adoption
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