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.
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.
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).
PipelineDB announced a developer preview of a new realtime analytics-as-a-service API: Stride. Stride delivers high capacity, realtime analytics through a simple, straightforward API. Users need not invest in costly, cumbersome infrastructure traditionally required for high-end analytics.
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
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 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.
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.
Open Banking is aiming to give consumers access to real-time banking data through the use of APIs. The successful implementation of this type of system will change the way people save, borrow, spend and invest their money, as well as encourage healthy competition in the financial services industry.
Realm has announced the release of Realm version 1.0 which includes an updated Realm API, fine-grained notifications, and support for Apple’s Swift language. The company also announced that Realm now provides technology infrastructure to applications used by one billion people and businesses.
OCBC bank launched four open APIs that allow developers to integrate bank products and services with third party apps and programs. The move marks one of the first Southeast Asian banks to open an API. The launch is in line with broader government initiatives to develop FinTech sector development.
Google announced a complete rebuild of its Cloud Datastore API. The update provides an entirely new platform for cross-platform access to its NoSQL database. Google reports better performance and reliability during tests of the new offer. v1beta2 will remain available for 6 months.
Open banking uses APIs to make services like algorithms, data, identity, processes and other business functionality available to ecosystems of customers, employees, third-party developers, fintechs, vendors and other partners. This article offers four reasons open banking will go mainstream in 2016.
Artificial Intelligence is a tool that can help revolutionize a traditional business. AI, machine learning and predictive APIs are allowing banks to provide for better customer service, fraud detection, behavior identification and more. This article looks at how banks are taking advantage of this.
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.
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.
Global API conference series APIdays will kick off its 2016 international program in Melbourne when APIdays Australia is held on March 1 & 2. The conference has a particularly strong range of international and local speakers talking about the uptake of APIs in government, health and fintech.