July 26, 2019
Sorry, No followers
View all 159 Related Articles
Related Articles (159)
Veem (formerly Align Commerce) has launched its Multi-Rail API which allows applications to send international payments via modern block-chain technologies, treasury, and third-party payment processors. The Veem platform uses multi-rail payment technology including blockchain electronic rail.
While some folks tend to think about APIs are being little bits of arcane code that only developers care about it, the truth of the matter is that billions, possibly even trillions, of dollars are at stake in what will soon be a series of API wars. In no place is this more important than in mobile banking, where companies ranging from Google, the PayPal unit of eBay and lesser known entities such as MineralTree are all vying to usurp the role of traditional financial institutions.
The UK's FCA has required banks to participate in the API economy through its growing Open Banking Initiative. The FCA has made yet another use of APIs by requiring banks to report outages, service availability, helpline information, and complaints via APIs and/or a standard web format.