February 18, 2020
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Of all the markets being impacted by the booming API economy, perhaps none has seen as much activity and innovation as the payments space. The past several years have seen the launch of a number of disruptive and successful API-centric upstarts, including Stripe and Balanced. Meanwhile, entrenched players like PayPal and Verifone have responded with new offerings of their own.
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.
The convergence of big data analytics and the API economy has been prognosticated for a while. Now Apigee wants to turn that prediction into reality. With the acquisition today of InsightsOne, the provider of API integration and management tools is moving to tightly couple predictive big data analytics software with applications looking to invoke analytics via an API. Instead of building predictive analytics capabilities from the ground up, Apigee CEO Chet Kapoor envisions a world where developers apply analytics to any number of processes via an API.