The Latest News On The API Economy
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The Second Payment Services Directive or PSD2 comes into effect January 13, 2018. This open banking initiative will no doubt be a game changer in Europe and really for any retail bank or fintech that wishes to work with Europe. Today we’ll give you an overview of what exactly PSD2 is. Then
Wipro announced the launch of a new Open Banking API. As the Open Banking concept grows across the globe, Wipro has launched the API to enable financial institutions to create developer communities around specific institutions. Further, the API will allow developers to adjust to new regulations.
Earlier this year, Google requested map data from the Korean government. In response, Korean tech companies Naver and Kakao have increased free limits to their respective maps APIs beyond what Google offers. The government is expected to respond next month but the competition has already started.
For decades client information related to bank accounts was kept confidential to third parties. It was hard for third parties to get this information in a trusted and verified way. This article looks at the main types of data accessible via banking APIs and their current and potential use cases.
MapQuest is inviting developers to take its MapQuest Static Map v5 API for a spin while in beta testing. The refreshed API has a handful of new features that should appeal to developers who rely on MapQuest's mapping tools. The beta is being offered for free through the end of 2016.
TomTom has added another API to its mapping and navigation solutions portfolio: Traffic Stats API. Traffic Stats collects data from over 450 million connected devices in order to provide historical traffic data. The data collected includes speed, route, travel time, segment, and more.
Mastercard has launched a new platform for developers that features 25 commerce APIs providing a wide range of capabilities across payments, data services, and security. Some of these APIs are experimental and can be used to test new cutting-edge technologies and applications.
In preparation for this month's change to Automated Clearing House rules, Dwolla is updating its white label API to allow customers to opt-in (on a transaction by transaction basis) to an ACH option that specifies how a transaction should settle on the same day (provided other conditions are met).
Finicity recently announced the release of its new ACH Account Verification API. The service enables payment and investment app developers to verify account details required to initiate inbound ACH account transfers.
Google is opening up Maps to new ride-sharing partners, meaning the search giant just effectively created the first ride-hailing price comparison feature. The surprise here is that Uber, previously the only ride-sharing partner on Google Maps, allowed this.
Algorithmic trading can be an effective, systematic way to manage and allocate risk across any number of markets. With the use of APIs such as FXCM's Trading API, programmers can set up algorithmic trading systems that help remove the potential for human error while completing trades automatically.
Like many industries, Wall Street is being disrupted by the explosion in information processing technologies. Long established players are looking to leverage the skills of computer scientists and mathematicians by setting up algorithmic trading systems in hopes of gaining a competitive advantage.
Geocoding involves converting a description of a physical address into coordinates that represent that location on a map to perform spatial analysis. This tutorial on the Google Maps APIs blog describes the two approaches to geocoding with Google Maps APIs, and when to use them.
Over on Crowdfund Insider, JD Alois has published a news report about South Korea's Fintech Open Platform; an open API program that's looked after by South Korea's Financial Services Commission (FSC)and that has received the support of over 40 financial instituations operating in South Korea. The
Banking apps, and their ecosystems, offer banks a multitude of new revenues streams, as well as help to broaden partner and user bases. For those less convinced of app viability, a cursory glance at market trends should be convincing enough
DriveWealth has announced an expansion of its API portfolio. The latest set of APIs focus on wealth management and assist investment advisors to better serve their clients. The new APIs enable recommendations, automated portfolio balancing, and fully discretionary investor options.
The UK Government has taken a step closer to realizing an open banking framework with the announcement of a series of measures by the Competition and Markets Authority that are designed to encourage UK banks to “work harder for customers” by forcing an open banking model on the industry.
The rise of fintech was more like an explosion – thousands of new apps suddenly sprung onto the market and fundamentally changed how we interact with our finances and the financial institutions we put in charge of them. While there’s never been a question about whether fintech requires
Google today said it is putting the Google Places API for iOS 2.0 and the Google Maps SDK for iOS 2.0 into separate CocoaPods. The idea here is to reduce the app size for developers who need Places data, but not Maps data. Google says the change heralds big savings in app binaries.
The UK’s recent decision to leave the EU has had, and will continue to have, far-reaching impacts beyond many people’s ability to foresee. In a recent article for Recode, Bryan Kirschner discussed the vote’s effect on the progress of open banking and its innovative API foundation on the continent.