The Latest News On The API Economy
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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.
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.
Daily API RoundUp: WikiLeaks Hillary Clinton Email Archive, Bitport, AppMonsta, PredictHQ, Bitcoin Block Explorer
Thirteen APIs have been added to the ProgrammableWeb directory in categories such as Bitcoin, Politics, Torents and Nutrition. One highlight today is an API which provides data from Hilliary Clinton's emails while she was Secretary of State.. Here's a rundown of the latest additions.
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.
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.
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 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
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.
APIs are the backbone of many government led open data initiatives. France is now joining the ranks of governments providing better and easier services to the public via the use of APIs. API.gouv.gr is an API portal with 15 APIs that allows for the embedding of government services.
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.
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.
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.
Barchart announced a new API to bolster its OnDemand financial data platform. The event-based API monitors financial news and markets for key events and notifies users of such events in real-time to empower brokers and investors to make better decisions. Users can incorporate its own data as well.
As the API economy continues to grow and the hubris around the opening of banking becomes deafening, this debate provides the backdrop to a dialogue increasingly characterised by the avid interest of government and industry bodies. This need appears to derive from a number of goals.
Eko has recently launched Domestic Money Remittance Service through API integration in partnership with 10 plus companies in mobile recharge, travel & ticketing domain. Some of the various partner companies include UFX, The Services Online, and Yahya Technologies.