October 30, 2010
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Like many industries, Wall Street is being disrupted by the explosion in information processing technologies. Long established players are looking to leverage the skills of computer scientists and mathematicians by setting up algorithmic trading systems in hopes of gaining a competitive advantage.
Monzo released an interim API to comply with the Payment Services Directive (now officially law). While the company plans on adding all functionality of its interim API to its standard developer API, the interim API will ensure immediate compliance for companies managing account information.
Payment Rails has launched its Global Payout API which provides applications payout capabilities such as international ACH, real-time currency conversion, and global mass payouts. The platform provides access to a network for sending payouts using SWIFT, local banks, and other methods.