Monzo released an interim API to comply with the Payment Services Directive (now officially law). While the company plans on adding all functionality of its interim API to its standard developer API, the interim API will ensure immediate compliance for companies managing account information.
Turn Technologies recently announced an identity verification and mass payments platform through its Turn API. The identity verification platform searches more than 100 billion records across 10,000 databases in less than 10 seconds. Same day, mass payments are connected to 400 million US accounts.