TradeKing, who provides financial services APIs like the TradeKing API, has partnered with the 1M/1M global virtual business incubator program to provide a pitch fest contest. 20 entrepreneurs who submit their applications by September 10th will be selected to give present their pitch to Silicon Valley strategy consultant Sramana Mitra & TradeKing CEO Dan Raju. 12 teams will be selected from the group to receive a year of mentorship and guidance. The pitch fest will be broken into two presentation dates, October 4th and 10th.
Standard Treasury wants to bring banks up to speed with the modern era. The Silicon Valley startup is developing a white label collection of APIs and webhooks that will allow commercial banks to give customers access to core banking services in their apps and backends.
Hong Kong's government monetary authority recently released an Open API framework. Further, the government entity announced that it will launch an Open API next week. The framework includes a four phased approach that it expects Hong Kong banks to adopt in compliance with a roadmap.