Single purpose API
BBVA and Sutor Bank have opened APIs to third parties on the heels of Capital One doing the same last week. They join a growing list of banks that are exploring open API platforms but, does this signal a trend? There are roadblocks to open platforms, namely the banks themselves.
Sixteen APIs have been added to the ProgrammableWeb directory in categories including Internet of Things, Credit Cards, Health, Blogging and Wearables. Featured today are three APIs from Capital One, that were announced earlier today. Here's a rundown of the latest additions.
U.S. bank Capital One has launched a developer portal and three new open APIs in a move that signals a significant shift in open banking platforms. Demonstrating their desire for street cred and aiming to appeal to developers directly, the announcement was made at SXSW in Austin, Texas yesterday.
MasterCard Sector Insights
||The MasterCard Sector Insights API takes information from MasterCard payment transaction data that has been collected in near real-time, and identifies trends for a given industry sector. Some of...||Credit Cards||10.16.2016|
||The MasterCard SpendingPulse API offers near real-time, anonymous transaction data sourced from millions of Mastercard-accepting locations. Reports are available on a subscription basis. Some of the...||Credit Cards||10.10.2016|
MasterCard BIN Table Resource
||The MasterCard BIN Table Resource API can keep up-to-date MasterCard issuing account ranges that can be used for authorization, routing, and fraud prevention purposes. Incorporating the BIN Table...||Credit Cards||10.09.2016|
||The Nordigen transaction categorization API categorizes bank account transactions in 200+ categories. It aims to be useful for financial institutions with banking APIs (e.g. Yodlee, Instantor,...||Analytics||09.20.2016|
||The Flutterwave API is a new payment solution that allows anyone in Africa to accept payments - essentially Paypal for Africa. Available in JSON architecture with secure HTTPS protocol.||Payments||08.23.2016|