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Starling Bank connects with Railsbank

Starling Bank has hopped on to the Railsbank platform, providing a firm footing for businesses to issue UK bank accounts and access Faster Payments via the Railsbank Open API. (more…)

Banks, Global trends, Open Source/ API

December 8, 2017

Open Banking – Consumer Impact

By Kunal Patel

I have read quite a lot on Open Banking over the last couple of years, what it means to the industry, the players and more importantly the consumer. The revised Payment Services Directive (PSD2) is required to be implemented in the UK by 13 January 2018. (more…)

Banks, Global trends, Open Source/ API

December 5, 2017

166

Mobile payment and loyalty platform Yoyo Wallet integrates with Starling Bank

By Steve O’Hear for Tech Crunch

In another example of Starling Bank jumping on the Open Banking/PSD2 train before legislation in the U.K. and Europe next year will force banks to do so, it is launching its latest API partnership: this time with Yoyo Wallet, the U.K.-based mobile payment and loyalty platform. (more…)

Hotnews, Mobile payments/banking, Open Source/ API

November 23, 2017

140

AI implementation in AML at HSBC sees a considerable reduction in compliance costs

Current AML Techniques

In today’s world, we tend to combat money laundering efforts with regulation-based account surveillance and ordinary KYC systems, when in all honesty these techniques will not hold up in the ever-changing world of financial delinquency. For one, the Risk Based Approach (RBA) used by financial institutions for AML compliance purposes causes a high rate of false positives. (more…)

Banks, Global trends, Hotnews, Open Source/ API

November 16, 2017

534

To change how you use money, Open Banking must break banks

By Roland Manthorp for Wired

On January 13, 2018, the UK’s big banks will be forced to show startups their most precious data. But is Open Banking too revolutionary for its own good?

(more…)

Global trends, Hotnews, Open Source/ API

October 18, 2017

Temenos Teams Up with MuleSoft to Accelerate Open Banking

 

 

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Banks, Fintech news, Global trends, Open Source/ API

October 6, 2017

347

Open banking; who to choose

The question is… who will the customer choose to be their banking confidant in this new, open connected banking marketplace starting from January? The answer is the one you trust the most with your money and data. (more…)

Banks, Fintech news, Global trends, Hotnews, Open Source/ API

October 5, 2017

262

Oracle ships digital innovation platform for open banking

By Oracle

Today, Oracle announced momentum for its open banking initiative, which includes a comprehensive set of PaaS capabilities as well as an open API framework enabling banks and fintechs to collaborate on a common cloud platform. (more…)

Fintech news, Global trends, Open Source/ API

October 3, 2017

352

HSBC moves into open banking

HSBC is testing a platform that lets customers see all of their accounts, no matter who the provider, on one screen. (more…)

Banks, Global trends, Hotnews, Open Source/ API

September 28, 2017

188

Ex-Barclays chief Jenkins gets Ping An backing for fintech startup

Former Barclays chief executive Antony Jenkins has raised £34 million in a funding round led by Chinese insurer Ping An to help bring his new fintech startup to Asia, according to the Financial Times. (more…)

Global trends, Hotnews, Open Source/ API

September 21, 2017

324

Open Banking releases payments initiation API for UK bank data sharing

Open Banking, the UK bank-funded entity mandated by the Competition and Markets Authority to provide new ways for customers to share their financial data with non-bank providers, has released an API specification for accounts and transaction information and payments initiation. (more…)

Banks, Open Source/ API

July 6, 2017

426

TrueLayer raises $3M Series A to provide fintech companies with easy access to bank APIs

by  for Techcrunch

TrueLayer, a London startup that’s built a developer platform to make it easy for fintech companies to access bank APIs — and ride the PSD2 gravy train — has raised $3 million in Series A funding. The round was led by Anthemis Group, with participation from existing investor Connect Ventures, and will be used by TrueLayer to expand its team and increase coverage of supported banks before opening up beyond beta testers later this year. (more…)

Open Source/ API

June 21, 2017

373

Soldo, a London fintech startup that offers a multi-user spending account, raises $11M led by Accel

By Steve O’Hear for Techcrunch

Soldo, the London-based fintech startup that offers a multi-user spending account, first launched for consumers and since tailored to businesses too, has raised $11 million in Series A funding. Venture Capital firm Accel led the round, with participation from Connect Ventures, InReach Ventures, U-Start and R204 Partners. (more…)

Fintech news, Global trends, Hotnews, Open Source/ API

June 21, 2017

567

Mizuho prepares for API banking

Japan’s Mizuho is implementing API interfaces to third party personal financial management apps through a collaboration with IBM. (more…)

Banks, Global trends, Hotnews, Open Source/ API

June 8, 2017

535

BBVA launches Open API marketplace

BBVA is making eight of its APIs commercially available to companies, startups, and developers worldwide, enabling the integration of customer banking data with third party products and services. (more…)

Banks, Hotnews, Open Source/ API

May 24, 2017

395

BankThink Open banking is inevitable. Let’s rethink data security, too

By Kevin Paul Murphy for American Banker

The move to the digital marketplace is no longer aspirational but inevitable for the modern financial enterprise. It is now more accurate to describe a bank as a technology company. But the change in identity means banks must adjust the way they ensure the security of their enterprise. (more…)

Banks, Hotnews, InspirAsia, Open Source/ API

May 23, 2017

498

Open APIs – Leveraging Banking As a Service to Compete and Collaborate

By David Donovan for Finextra

“Rolling in my Uber, that’s just how I use my time” – Travis Scott, Uber Everywhere Remix.  (more…)

Hotnews, Open Source/ API

May 17, 2017

486

Monzo hits 200,000 users; £250 million spent

As of this weekend, more than a quarter of a billion pounds has been spent through Monzo cards by more than two hundred thousand customers! (more…)

Banks, Hotnews, Mobile-first banks, Open Source/ API

May 16, 2017

495

API Strategy: Partner API’s

By Dharmesh Mistry – Temenos for Finextra

Like an Extranet, Partner API’s are limited to specific parties, often for a very specific purpose like providing a product / service. (more…)

Fintech news, Hotnews, Influences FinTech, Open Source/ API

May 3, 2017

538

Temenos brings Open Banking to core platform

At the 18th annual Temenos Community Forum in Lisbon, 27 April 2017, Temenos (SIX: TEMN) today announces the launch of open banking- and PSD2 -targeted services to facilitate the exchange of value between banks and fintech companies. (more…)

Global trends, Open Source/ API

April 27, 2017

Financial API manager Quovo raises $10 million

Quovo, a data platform providing insights and connectivity for financial accounts, today announced it has raised $10 million in Series B funding. (more…)

Banks, Deals, Fintech news, Global trends, Hotnews, Open Source/ API

April 26, 2017

582

Dwolla and Plaid team on tokenised ACH payment integration

Today, Plaid and Dwolla announced a new partnership to offer a fully tokenized ACH payment integration. The partnership makes it possible to tokenize account and routing numbers and authenticate user bank accounts through Plaid and start accepting Automated Clearing House (ACH) payments in minutes with Dwolla’s ACH API. (more…)

Fintech news, Global trends, Hotnews, Open Source/ API, Payment processors/providers/gateways

April 26, 2017

418

API Strategy: Public API’s aren’t just about regulations

It’s easy to think that Public API’s are just about regulation, such as PSD2 in Europe, driving open banking. (more…)

Open Source/ API, Payment systems

April 26, 2017

608

Danish startup Hufsy joins with solarisBank on SME banking platform

The Danish fintech startup Hufsy is ready to offer fellow startups a banking service beyond what they are used to. (more…)

Banks, Deals, Open Source/ API

April 21, 2017

460

Hellenic Bank launches API public beta

By Hellenic Bank,

In a short period of time, Hellenic Bank has managed to establish a reputation for its innovation-oriented initiatives and has gained a position on the world stage. We have now stretched beyond the realm of traditional banking to lead the way in reimagining financial services through API Banking. (more…)

Banks, Open Source/ API

April 12, 2017

585

Payments transformation: How banks can innovate to stay relevant – A Banking Byte event

By Finextra

The payments landscape is changing profoundly and all banks recognise that their payments strategies and technology stacks need to change in response. The drivers for transformation are clear: regulation, notably the revised Payment Services Directive (PSD2), changing customer behaviour, and rapidly evolving technology.  (more…)

Fintech news, Government activities, Open Source/ API, Payment processors/providers/gateways

February 28, 2017

537

Starling releases Open API, talks up marketplace model

By Finextra

UK challenger bank Starling is to release its API to third party developers as it undertakes its first hackathon and prepares for the forthcoming launch of its banking-as-a-service marketplace platform. (more…)

Banks, Fintech news, Open Source/ API

February 23, 2017

611

Wells Fargo inks data sharing agreement with Intuit

By Finextra

Wells Fargo has followed Chase in signing a data-exchange deal with Intuit, enabling its customers to use an API to import account information to financial management tools such as QuickBooks without having to hand over their account credentials. (more…)

Banks, Fintech news, Open Source/ API

February 4, 2017