API

More generic posts and blogs relating with Application Programming Interfaces (APIs) including Open Banking and PSD2

Retired Member 

7 Unique Features 1099 Workers Expect From Their Bank

If freelancers created a banking app that met their unique needs, what would it look like? We all see the commercials for banks advertising "new ways of banking," yet their innovations seem to be variations on the standard bank account — which also means that there's an assumption that everyone makes money the same way. But not everyone i...

11 March 2022 /retail /startups

Jacob Ideskog Chief Technology Officer at Curity

Securing the API Economy

The digitalisation of business operations is continually changing, but some clear trends have emerged. It is now common for big businesses to employ multi-cloud strategies, bringing in third party technology to support business goals that revolve around advancing customer experience and delivery of digital services. Application Programming Interfa...

10 February 2022 /devops

Tom Ainsworth Head of Customer Engagement at Jitterbit

Disrupting API integrations and pushing Financial Services hypergrowth with market networks

For the past twenty or so years, market networks have been one of the most disruptive and powerful wealth-creating engines in the global economy. The benefits of bringing together two sides of a fragmented market through a single platform with integrated workflow tools so they can transact more seamlessly are well established. Innovation flourishe...

21 July 2021 /retail /markets

Abhinav Paliwal CEO at PayNet Systems

API integrations is the only way forward for financial institutions

API integration is and why is the way forward for financial Integrating new applications into the existing IT infrastructures is a pain for banks. They use 1000 unique applications; however, only 29% of them communicate with each other, according to Connectivity Benchmark report. To solve that and enable point to point integration, they spend time...

10 July 2021 /payments /startups

Retired Member 

Getting personal with APIs to unlock lending

Lending money is a risky business. The biggest challenge for any lender is how to balance service (the drive to serve as many customers as possible) with risk (the possibility of a customer defaulting on their loan payments). This calculation is made using a mix of information provided by the customer, insights from previous experience and, increas...

13 August 2020 /devops /inclusion

Retired Member 

Building for transparency and sustainability in finance

Financial products have a reputation for being difficult to understand when it comes to both terminology and functionality for everyday consumers. Customers often have to deal with an abundance of arcane jargon and long, convoluted application processes. One of the key goals of fintech has been to broaden access to financial products by increasing...

05 August 2020 /sustainable /devops

Retired Member 

Why communities naturally reduce financial risk

Sometimes an idea is so good that everyone has it at once. One such idea is the ROSCA - a rotating savings and credit association - known as ekub in Ethiopia, cundinas in Mexico, tanomoshiko in Japan and dhukuti or dhikuti in Nepal. At a recent developer meetup I was able to hear from from Matthew Addison, CEO of StepLadder who has built a whole bu...

01 June 2020 /people /devops

Retired Member 

It’s not all about functionality: the importance of UX in B2B finance applications

In 2001, Silicon Valley superinvestor Marc Andreessen declared that software was eating the world. Recent years have borne this out, with digital B2C tools now shaping the ways we travel, eat, and even find love. Key to the appeal of these apps is ease of use, taking an existing experience and making it mobile, up to date and personalised. This s...

22 May 2020 /devops

Retired Member 

How APIs can help families plan their finances

Data modelling and machine learning (ML) offers a tantalising possibility - that by gathering enough data inputs you can predict what will happen in the future based on current information. ML models are commonly used in the context of business decisions, such as assessing investment outcomes or growth performance, where they can add significant v...

11 May 2020 /devops

Konrad Litwin Global General Manager - Testing at Perforce Software

Why open banking standards mean a security-first approach to API management is needed

The UK’s own Open Banking Standards and the European Payment Services Directive current wave (PSD2) are both indications that a more open approach to transactions between financial services institutions and their customers continues to gain groundswell. The idea is sound: use application programming interfaces (APIs) to connect all the currently...

25 November 2019 /security