The bank sees digital assets as part of the future and "we want to be there when this happens," says Ralph Achkar, head of digital product development and innovation.
In the past few years, APIs have become a surprisingly hot topic, considered by many as a golden key to open banking and innovation.
The companies could bring something new, such as merchant acquiring to community banks, but their merger could also cause anxiety about giant vendors.
The London company unveiled FusionFabric.cloud at Money 20/20 Europe this week.
Celent analysts Alenka Grealish and Stephen Greer explain how banks in Europe and the Netherlands have built business models around open banking.