Dwolla has long used a ledger based organization system to track funds allocated through the Dwolla API. Now, Dwolla is exposing this functionality through a new API feature it calls Labels. Labels allow developers to track and identify fund allocation without duplicating accounts.
Veem (formerly Align Commerce) has launched its Multi-Rail API which allows applications to send international payments via modern block-chain technologies, treasury, and third-party payment processors. The Veem platform uses multi-rail payment technology including blockchain electronic rail.
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.