The FinTech unicorn Plaid has rolled out in three more European countries – Ireland, France and Spain – as part of an expansion initiative, CNBC reported on Thursday (Nov. 21). The Silicon-based startup, launched in 2013, uses a unified application programming interface (API) to link...
Citi launched CitiConnect in 2016 – and since then logged 157 million API calls. Tapodyuti Bose, global head of channels and enterprise services, Citi Treasury and Trade Solutions, tells Karen Webster how integrating treasury services across clients’ ERP platforms smooths cash flow across all manner...
Online marketplace eBay has introduced numerous new API capabilities to enable developers to manage their businesses at scale, the company said in a blog post. “Our goal is to empower developers, enhance the ecosystem of eBay applications and add value for our buyers and sellers,”...
Changing regulations are redefining the obligations of financial institutions, forcing them to rethink their strategies and implement new technological approaches. New legislation, such as PSD2, is raising the bar for FIs by allowing organizations like FinTechs to provide financial services. Such rules require traditional FIs to securely open up their...
Financial institutions (FIs) that don’t offer application program interfaces (APIs) are courting trouble. When FIs don’t enable secure data access via APIs, FinTech firms use riskier measures, like screen scraping, says Ismail Chaib, COO of TESOBE and the Open Bank Project. In this month’s B2B...
Keeping global commerce moving requires rapid-fire, cross-border B2B payments. As financial institutions (FIs) and other corporates seek to keep pace, many are turning to application program interfaces (APIs) to help. More banks are tapping SWIFT gpi, while corporates are tapping a new offering that enables...
Facebook and Google have teamed up to create an Application Programming Interface (API) in the Chrome browser with the intention of speeding up the user experience, and making it smoother. This particular API aims to shorten the reaction times between a user input and the...
Being open about Open Banking means adopting technological change, even though there’s no requirement to do so. As Red Hat’s Justin Goldsmith, senior consulting architect, explains in the latest “State Of” discussion with Karen Webster, there’s impetus for U.S. banks to eye real-time payments and...
Open banking is here. Open API platforms take the heavy lifting off enterprises’ shoulders as firms spanning retail, health care and real estate seek to streamline the movement of funds, satisying compliance and regulatory mandates. TransCard CTO David Samples tells Karen Webster that open APIs...
