TESOBE, Berlin-based software development firm, has launched the Open Bank Project with the hopes of bringing more transparency to the world's banking community. To accomplish its goal, the Open Bank Project provides an API that banks utilize to provide transaction data to interested parties. Given the hypersensitivity of financial information, the Open Bank Project must persevere through many obstacles. However, should the idea catch hold, it could be the first example of open banking as a service.
Jonathan Stark's Starbucks card is seeing a lot of use this week. That's because he's sharing it with the whole Internet. Anonymous people are both using and adding money to the card and we can all follow the balance with the Jonathan's Card API or over the tweets which come rolling in once per minute.