B2B payments are often complicated by incompatible systems that delay transactions and add additional fees. Embracing open banking can help, but many financial institutions have core systems that weren’t designed to support APIs, says Gareth Gaston, executive vice president at U.S. Bank. In this month’s...
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...
BEUC, the European consumer interest group, is asking banking authorities to stop the practice of screen scraping, or using software to copy data off a website, reported Finextra. According to the news report regarding the intrusion of data privacy, BEUC is backing the creation of a...
Deck: PSD2 looms, with technological changes afoot in Europe for banks and FinTech upstarts. Competition should accelerate and deepen, but as PPRO’s business development director Ralf Ohlhausen tells PYMNTS’ Karen Webster, screen scraping, APIs and data ownership are still knots that need a bit of...
July 12, 2017
BEUC, the European consumer interest group, is asking banking authorities to stop the practice of screen scraping, or using software to copy data off a website, reported Finextra. According to the news report regarding the intrusion of data privacy, BEUC is backing the creation of a harmonized interface for customer data sharing, which is in support […]
