The Latest News On The API Economy
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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.
MuleSoft today announced that it has partnered with Barclays to host a digital banking hackathon. The hackathon will take place at Barclays Technology Centre Radbroke on July 20 and 21. The event aims to foster innovation and harness technology to build a range of new financial services solutions.
After continued developer requests, Google has added marker clustering to Google Maps SDK for iOS Utility Library. The feature allows users to populate maps with a large number of markers while keeping the map clean and readable. As zoom levels adjust, markers aggregate and slit out accordingly.
Google implemented a number of changes to its Maps API Standard Plan. Apps created on or after June 22nd will be subject to a host of new rules surrounding access and limits. Active domains utilizing the APIs prior to June 22nd are grandfathered in to differing degrees depending on implementation.
Google Maps API is the most popular tool for building location-based services. Now, the Google Maps Operations team is leveraging their experience to collaborate with Udacity and create a free course that teaches students how to integrate maps and location features into websites.
With the many vulnerabilities of scraping bank account data causing concerns for some large banks, Wells Fargo recently announced that it intends to create an API to enable integration with accounting software Xero to give small businesses better visibility of their banking data.
By Jan 13th 2018, EU banks will be required to open payment and account services to third-party providers. The disruption this may cause in the banking industry is reminiscent of the shipping industry and the changes brought about by the standardization of containers 50 years ago.