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Open Source/ API
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534

ING opens developer portal

ING has opened its internal developer portal to coders from corporate clients and fintech startups, providing access to simulated APIs for testing and developing new products. (more…)

Banks, Open Source/ API

May 25, 2018

Does Open Banking mean the end of card payments?

By Gavin Scruby – SmartDebit

The first generally useful application of Open Banking is here in the UK. While it will be some time yet before it gets much use, new organisations soon will be able to initiate payments between bank accounts on a consumer’s behalf. This creates a new layer between consumers and banks, hopefully spawning novel ideas and services. Moving the centre of payments away from banks though causes significant shifts in the market, and could well affect the dynamic around banks’ payment card cash cow. (more…)

Global trends, Open Source/ API

March 26, 2018

619

Japan is open-banking its arms to a fintech revolution

It is a little-known fact that Japan has embraced the notion of open banking, having been inspired by the European Payment Services Directive. In fact, not only has it embraced open banking, it is storming full steam ahead with it. And while an open banking ecosystem has not been mandated in Japan, the banks there are responding as if it had been. If we thought banks had a dire customer interface here in the UK, or anywhere for that matter, those of Japan’s banks were even worse. Yet they have adopted open APIs as a way to overcome this. (more…)

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

March 12, 2018

1599

How open banking will blow core systems out of the water

Banks operating on legacy architecture will find it increasingly difficult to compete in an API-driven business environment, says Hans Tesselaar, executive director at BIAN. (more…)

Hotnews, Open Source/ API

February 26, 2018

GoCompare opens up APIs to fintech firms

UK price comparison site GoCompare is opening up its APIs to fintech firms, letting them pump in anonymised transaction data for analysis.

The Machine Learning for Fintech project will give free access to APIs focused on transaction categorisation, merchant identification and insight on predicted spending.

(more…)

Global trends, Open Source/ API

January 31, 2018

662

TrueLayer connects with Monzo API

By Truelayer

TrueLayer, a leading provider of financial APIs, has integrated with challenger bank Monzo. (more…)

Mobile-first banks, Open Source/ API

January 30, 2018

What does Open Banking mean for Direct Debit – and how does it tie in to Star Wars?

By Gavin Scruby – SmartDebit

I went to see the new Star Wars film recently. At the time, I had Open Banking on my mind. I was thinking about its effects on Direct Debit, as the two could easily seem to conflict in a galactic, well UK-wide, struggle. It made me think back to the original films and ask myself: is Open Banking Vader to Direct Debit’s Obi Wan Kenobi? And, will Direct Debit also rise up after being struck down to become more powerful than we can possibly imagine? I was thinking tentatively that it just might. (more…)

Banks, Global trends, Open Source/ API

January 22, 2018

1407

Open Banking: What Will Next Christmas Bring?

Last Christmas I had two permanent bulges in my trouser pockets thanks to my ever present wallet and mobile phone. I bought presents with my traditional bank account card using online and contactless services and I used the ATM to withdraw cash to go to the Christmas parties I attended.  (more…)

Government activities, Hotnews, Open Source/ API

December 26, 2017

1334

Barclays begins preparations for Open Banking

With just a month to go until the arrival of Open Banking in the UK, Barclays has moved to take advantage with the publication of a primer for consumers on what the new rules mean. (more…)

Banks, Hotnews, Open Source/ API

December 20, 2017

1128

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

989

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

746

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

1227

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

 

 

(more…)

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

October 6, 2017

1380

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

864

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

1017

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

735

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

853

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

1079

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

861

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

1377

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

1131

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

861

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

1030

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

1008

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

1041

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

1228

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