The Latest News On The API Economy
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Netherlands-based bank ABN AMRO has launched the first version of its developer portal and a set of commercial APIs. Developers can use the APIs to add to applications banking capabilities such as generating payment requests, retrieve real-time balance information, and transfer multiple payments.
In today's roundup we cover Google's work to bring the Activity Recognition Transition API to developers next year in order to power the Do Not Disturb mode when driving. We also look at proposed standards from the W3C and IFX Forum for an Indexed Database and open banking APIs.
ForwardLane continues to build its FinTech brand on the value artificial intelligence brings to investing. It has introduced two new APIs (Personalized Insights & Expert Conversation) which aim to use machine learning to analyze various sets and forms of data to enhance investment decisions.
Developers were angered when Yahoo Finance deactivated a CSV download feature that was being treated as an API. As a result, it appears as though several applications broke and developers voiced their disappointment. But, as it turns out, they were taking a big risk in the first place.
The Federal National Mortgage Association, or Fannie Mae, a government-sponsored enterprise and key player in the secondary mortgage market, is currently beta testing an API platform that it says will “level the playing field” for lenders in the multi-trillion dollar market for mortgages.
Eleven APIs have been added to the ProgrammableWeb directory in categories including Wearables, Customer Service, Financial and Jobs. Highlights include the Capital One Customer Transactions API, which allows customers to view their credit card information within a third-party application.
On Thursday, Singapore-based DBS Bank, Southeast Asia's biggest bank, announced a banking API developer platform that it says is "the largest by a bank anywhere in the world." The platform consists of over 150 APIs that cover numerous functional categories including accounts and payments.
Those with Capital One banking or credit card accounts, who also use one of Intuit's many services (e.g. TurboTax, QuickBooks, Mint, etc.) may have an easier time transferring financial data from Capital One to their Intuit service through a new, API-driven partnership recently announced.
Capital One has added another API to its DevExchange portfolio of banking APIs. This one is called the Merchant Insights API and it applies machine learning to transaction data in order to unearth interesting insights about a business such as the hours that it is open during each day of the week.
DarkmindFX introduced an API that streamlines access to company financial data. DarkmindFX started with SEC-regulated companies, specifically the S&P 500. Users can easily access balance sheet and other data from companies' SEC filings. The S&P 500 is the starting point with expansion planned.
Escrow.com has announced a beta version of its Platform API. Through the API, third party apps and services can integrate the escrow services Escrow.com has long been known for. Once integrated, apps and services can hold money in trust until a transaction has fully completed.
Mastercard's new service, Consumer Control, enables consumers to monitor their digital footprint through understanding where their credit card credentials are stored across the internet. Mastercard is providing access to Consumer Control through an API that integrates with online banking services.
Global payments company Mastercard has announced that it will be opening up its internal blockchain API to developers. According to the company, the API, which is focused on B2B transactions, "Mastercard’s blockchain solution provides a new way for consumers, businesses and banks to transact."
NovoPayment has launched its Developer Hub focused on fintech innovation in the Latin America market. While the entire developer site is currently in testing stages, NovoPayment has already included 37 APIs specifically targeting financial and payment services for the Latin America market.
GLEIF has announced the launch of its Legal Entity Identifier (LEI) Look-Up API which provides access to the organization’s complete LEI data pool in real time. The LEI is a 20-digit, alpha-numeric code that helps identify legal entities that participate in financial transactions.
Compliance.ai has launched a new developer portal that provides an API, documentation, code samples, and other tools developers can use to build applications integrated with financial regulation data. Sources of information include federal and state agencies, regulatory publications, and more.
Singapore's OCBC continued growing its banking API portfolio with the the GIRO API and sandbox versions for four transactional APIs (Account Balance, Account Transaction, Merchant Card Payments, and Pay Anyone). The bank has partnered with the Singapore government for its first implementation.
The end of the week means that we bring you a review of the stories we couldn’t cover in the API economy. Included are a look at the real estate coding competition kicking off at RESO DataComp, a new Streaming API from GDAX and an update to SlashDB including new features for the API.
Ulster Bank has introduced a new banking open API and portal for developers. The Ulster Bank API allows third-party applications to access limited customer information, initially customer balance information and the last six transactions, upon request and consent of the customer.
After it was revealed that over 143 million Americans may have been impacted when their personally identifiable information may have been breached through the credit reporting agency Equifax, there were further revelations that the so-called secret PINs issued by Equifax were actually timestamps.