OpenPayd, an API-based banking as a service provider, has direct access to the Single Euro Payments Area (SEPA) scheme. SEPA was created and adopted by EU members to make cross-border payments as easy as domestic payments. Before, OpenPayd had to rely on a partner bank for its SEPA capabilities.
Stripe, a provider of a payment processing platform, is launching an embedded finance API called Stripe Treasury. The new API will allow partners to embed banking services into their platform or online marketplace in order to create bank accounts, store funds, move money, and pay bills.