Wipro announced the launch of a new Open Banking API. As the Open Banking concept grows across the globe, Wipro has launched the API to enable financial institutions to create developer communities around specific institutions. Further, the API will allow developers to adjust to new regulations.
SWIFT, a financial messaging services provider that aims to be a leader in global banking standardization, has announced a new API standard for pre-authorization of funds. This new standard, which aims to simplify payment authorization, is the second standard proposed by the company this year.