Digital Transformation of Regional Banks: The Role of AI and Open API
https://doi.org/10.26794/2587-5671-2025-29-5-151-163
Abstract
The subject of the study is the process of digital transformation of regional banks within the framework of integrating artificial intelligence (AI) and open APIs (Open API). The impact of these technologies on the competitiveness of banks, the transformation of their business models, and their adaptation to the modern challenges of digitalization are considered.
The purpose of the study is to determine the advantages of using AI and Open APIs in a regional bank, identify obstacles, and develop practical approaches that facilitate the integration of these technologies into banking operations.
Methods such as system analysis, the logical method, and process and empirical approaches were applied. Special attention is given to assessing the costs of implementing AI and Open APIs. The study allowed for the formation and justification of directions for the digital transformation of banks through the integration of AI and Open APIs. The costs associated with digitalization are presented, and ways to minimize these expenses are proposed. An important outcome of the study was the identification of areas for cooperation between regional banks and FinTech, which allows them to reduce costs when using open APIs.
The novelty of the study lies in analyzing the specifics of AI and Open API integration in regional banks, unlike most studies that focus on examining the digitalization practices of large credit institutions. The author proposes approaches to integrating innovative solutions, taking into account limited IT budgets. This allows us to view AI and Open APIs not only as tools for process optimization, but also as factors for the survival of regional banks in the digital age. The research findings can be used by regional banks in developing digital transformation strategies and optimizing business processes. The proposed directions will allow banks to reduce costs associated with AI and Open APIs, as well as identify the most promising partnership models for collaboration with technology companies.
Keywords
artificial intelligence,
AI,
Open API,
regional banks,
digital transformation,
FinTech,
digital ecosystems,
innovation
JEL: G21
About the Author
T. N. Zverkova
Orenburg State University
Russian Federation
Russian Federation
Tatyana N. Zverkova — Cand. Sci. (Econ.), Assoc. Prof., Department of Banking and Insurance
Orenburg
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For citations:
Zverkova T.N. Digital Transformation of Regional Banks: The Role of AI and Open API. Finance: Theory and Practice. 2025;29(5):151-163. (In Russ.) https://doi.org/10.26794/2587-5671-2025-29-5-151-163
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