Tagged: apis

Hong Kong Monetary Authority Reveals Implementation Roadmap for Ongoing Development of Open API Framework

The Hong Kong Monetary Authority (HKMA), which is Hong Kong’s central banking institution that reports directly to the Financial Secretary, has announced the implementation plans for the third and fourth stages of its Open API framework. The next steps in the Open API Framework include… Read More

Citi API, the Bank’s API Connectivity Platform, has Processed Over 1 Billion API Calls Since Launching in Late 2017

Manish Kohli, Global Head of Payments and Receivables at Citi (NYSE:C), notes that at the leading banking institution, they’re using APIs to facilitate payments, to digitize the “client experience” and “ultimately to help change our client’s evolve to real-time, 24×7 direct to consumer business models.”… Read More

Indian Fintech Zeta Might Soon Join Growing List of Unicorns when it Finalizes Potential $250M Series D from Softbank Fund

Banking technology firm Zeta is reportedly getting closer to achieving Unicorn status (valued at $1 billion or more) as it continues to work with varous investors in order to close a new funding round, according to TechCrunch which cited sources familiar with the matter. SoftBank… Read More

Open Banking May Lead to New Revenue Streams for Financial Service Providers, PaymentComponents Reveals

The team at PaymentComponents, a UK-based firm that’s empowering Open Banking with agile PSD2 and API frameworks (developing solutions for banks, corporates, and developers including BaaS while supporting Fintech payments), notes that Open Banking could translate into additional revenue streams for financial institutions and other… Read More

New Open Banking API Solution has Now been Integrated by Swiss Cantonal Bank Berner Kantonalbank

The Berner Kantonalbank (BEKB) has reportedly integrated with an Open Banking API platform in order to connect partners and various third-party companies. The BEKB is able to easily and efficiently connect with other service providers through the new platform. For customers, this means that they’ll… Read More

Online Marketplaces are Expected to Increasingly Develop their Own Digital Payments Infrastructures: Report

We’re experiencing more changes in the digital payments sector than we’ve seen during the past two or three decades. This seems like an exciting time as consumers across the globe are increasingly using innovative digital platforms and services. Accuity’s payments experts have identified four important… Read More

Chainlink (LINK), a Decentralized Oracle Network Developer, Awards Grant to EU based Vulcan Link, a Web 3.0 Consultancy

Decentralized Oracle network developer Chainlink (LINK) has announced that Vulcan Link received a grant to integrate Chainlink on the SKALE Network, which is a “fully” decentralized Ethereum compatible Layer-2 (proof-of-stake) PoS network that claims to offer all benefits of decentralization and speed alongside the security… Read More

Switzerland based F10 Fintech Incubator and Accelerator Adds Insurance APIs from Baloise

Switzerland-headquartered F10 Fintech Incubator and Accelerator has reportedly added several different insurance APIs from Baloise, a Swiss insurance holding firm. The APIs are now a part of the F10 Fintech Sandbox. This development aims to support Open Insurance services in the European country. Last year,… Read More

Open Banking Fintech Nordic API Gateway Launches Aiia Platform to Meet PSD2 Opportunities for Secure Payments

Open Banking Fintech firm Nordic API Gateway has launched a platform, called Aiia, that aims to meet the opportunities of PSD2, which is a European regulation for digital payment services. PSD2 aims to make electronic payments more secure in Europe, support innovation and assist banking… Read More

Open Banking Developments in Singapore May lead to More Transformative Fintech Changes that those Offered by Digital Banking

Open Banking developments in Singapore could lead to more changes in traditional banking processes than those that involve digital banking and related infrastructure upgrades. Singapore’s addressable loan market for digital banks is valued at around S$220 and S$243 billion, according to estimates from the Fintech… Read More

Nasdaq Listed Fintech Fiserv to Offer Payments and Financial Services Tech Solutions to India’s Federal Bank

India-based Federal Bank (NSE: FEDERALBNK), an established private sector bank, has selected Fiserv, Inc. (NASDAQ: FISV), a multinational provider of payments and financial services tech solutions, to support the digitization of the bank’s end-to‑end card issuance and processing cycle. Fiserv will also assist with the… Read More

Fintech Sector can Expect Apps with Better Customer Experience, Improved UI and UX for Online Payments, Wolfpack Digital Predicts

Wolfpack Digital from Transylvania notes that we’re halfway through 2020 and the economic impact of the COVID-19 outbreak has been felt and observed across different businesses and industries. The pandemic has also led to significant changes in consumer behavior, as more people are using digital… Read More

Blockchain based Smart Contracts Used in Digital Payments Pilot by Banco Santander, BBVA, Banco Sabadell, and CaixaBank

Banco Santander, a Madrid-based multinational commercial that generates around 50 billion Euros in annual revenue, and Banco Sabadell, the fifth-largest Spanish banking group with over 26,000 employees, have finalized a proof-of-concept (PoC) test that supports the execution of digital payments via blockchain-based smart contracts. BBVA,… Read More

Chennai-based Fintech YAP Secures $4.5 Million in Capital via Series A Round led by BEENEXT

Chennai-based YAP, an established API Fintech platform, has secured $4.5 million in capital through a Series A investment round, which was led by BEENEXT, a Singapore-based venture capital company. Other individuals and organizations that took part in YAP’s latest round include: 8i Ventures Fund, The… Read More

Giant US Post-trade Financial Services Firm DTCC Introduces Unified API Marketplace for Business Partners

The Depository Trust & Clearing Corporation (DTCC) has introduced its Application Programming Interface (API) Marketplace, which offers its customers, business partners, and internal developers a single, unified, central location for APIs created by DTCC. Each API comes with a software development kit (SDK) and relevant… Read More

U.S. Digital Financial Services Provider NovoPayment Announces Expansion of Developer Hub to Include New Partner-Integrated API’s

NovoPayment, a enabler of digital financial services for the Americas, announced on Monday the expansion of its Developer Hub. This expansion will include new partner-integrated application protocol interfaces (APIs), enterprise customer functionalities and an enhanced user experience. Founded in 2004, NovoPayment enables digital financial and transactional services through… Read More

Financial Data Aggregation Provider Finicity Signs Secure Data Exchange Agreement With Capital One

Finicity, a provider of real-time financial data aggregation and insights, announced on Wednesday it has signed a data sharing agreement with Capital One. According to Finicity, the agreement will enable Capital One customers to securely share financial data with the third-party apps and services that… Read More

UK’s Metro Bank Launches Developer Portal That Opens Bank Platform to FCA-Registered Third Parties Seeking to Build Services on top of APIs

British banking group, Metro Bank, announced on Friday the launch its new developer portal, which opens up the bank’s platform to FCA-registered third parties that are wishing to build services on top of its APIs. According to Metro, the self-service portal was built in collaboration… Read More

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