November 18, 2019
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IMB Bank, an Australian bank, recently announced its Open Banking platform. The first release of the platform shares data related to deposits and transactions. More specifically, data includes relevant features, rates, and fees. The platform shares such information through an API.
Dwolla has long used a ledger based organization system to track funds allocated through the Dwolla API. Now, Dwolla is exposing this functionality through a new API feature it calls Labels. Labels allow developers to track and identify fund allocation without duplicating accounts.
Bank of America, the second largest bank in the U.S., introduced a new API on Tuesday for its corporate treasury customers. Using the API, these customers can access their banking information and perform real-time transactions. The bank believes that it will improve its ability to collaborate.