Dwolla has announced the addition of Real-Time Payment (RTP) technology to the company’s API suite. RTP networks were first instituted in the United States by The Clearing House in November 2017 with the intent of providing broad access to instantaneous payment transactions across the country.
Finxact, a Core-as-a-Service banking technology, today announced the availability of its Open Core API, which is available through its sandbox. The Finxact Open Core API is transparent and granular, enabling banks to have full access to their customer data.
For decades client information related to bank accounts was kept confidential to third parties. It was hard for third parties to get this information in a trusted and verified way. This article looks at the main types of data accessible via banking APIs and their current and potential use cases.