Latest Open APIs News: Finextra Research

HSBC inks global deal with Open Banking outfit Bud

HSBC has expanded its relationship with Bud, striking a global deal to access the startup's Open Banking aggregation, data intelligence and marketplace APIs.

11 December 2019

News/Open APIs

Token spins off digital money unit

Open banking platform provider, Token.io, has announced the formation of M10 Networks, a new spin out company focused on developing digital money solutions.

10 December 2019

News/devops

YES Bank launches API marketplace

India's YES Bank has launched an online marketplace where startups from a host of sectors can pitch tools integrated with the lender's APIs.

10 December 2019

News/Open APIs

Tinkoff preps super-app

Russia's Tinkoff is beta-testing a new super-app, combining traditional banking services with lifestyle and leisure features and a marketplace for third party API-based in-app options.

09 December 2019

News/Open APIs

Yolt chief moves back to ING

Frank Jan Risseeuw, CEO of account aggregation platform Yolt, is moving across to ING to take charge of the Dutch bank's 'Model Bank' strategy.

05 December 2019

News/startups

Monzo and Bud vets launch platform for renters

A group of former Monzo, Bud and Apple staffers are tapping into the UK's Open Banking initiative to launch a platform for renters.

04 December 2019

News/Open APIs

SocGen releases real-time payments API for financial clients

Societe Generale is to give financial institution clients a helping hand on the road to instant payments, releasing an API for embedding in legacy back-end infrastructures to handle faster payments.

03 December 2019

News/Open APIs

South Korean banks prepare for live launch of Open Banking

South Korea is to move to a full-scale launch of Open Banking services later this month, having attracted 2.39 million users in a two-month pilot trial.

03 December 2019

News/Open APIs

Swift Operations Forum Europe 2019, Amsterdam - Day 2 report

With the accelerating pace of transformation in financial services, day two of SOFE 2019 explored the direction of travel financial institutions should embark on in order to thrive in this new world.

29 November 2019

News/Open APIs

Swift Operations Forum Europe 2019, Amsterdam - Day 1 report

Financial services innovation and how industry participants can keep up with ecosystem culture were two of the key themes on day 1 of the Swift Operations Forum Europe (SOFE) 2019.

28 November 2019

News/payments

P27 Momentum: Challenges for creating a pan-Nordic payment region

While banks, businesses and customers operate across the Nordics, infrastructure remains national. At NextGen Nordics: P27 Momentum, executive advisor at Nordea Johanna Lybeck-Lilja continues discussion on the pan-Nordic clearing system to be launched in early 2021 and reiterates that while the region has a long history of cooperation, the cross-border challenge has not been solved.

26 November 2019

News/Open APIs

Shell-shocked TSB to shutter 82 branches and spend more money on IT

Fresh from a renewed attack of the gremlins on its IT infrastructure, the UK's TSB has pledged to become more digitally-focused, closing branches and investing £120 million on mobile and online channels over the next three years.

25 November 2019

News/Open APIs

Nationwide opens API sandbox for mortgage broking industry

Nationwide Building Society has opened an API sandbox for third party developers to pilot applications to help speed up mortgage processing for brokers.

25 November 2019

News/Open APIs

Canada's EQ Bank moves core banking system to the cloud

EQ Bank, the digital arm of Canada's Equitable Bank, has moved its entire core banking system to the cloud.

22 November 2019

News/regulation

Trust in Open Banking: Negotiating data liability between banks and TPPs

The breadth and complexity of Open Banking systems involve a web of players interconnected by the core need to access data. Used as the tool by which financial institutions and third parties deliver innovative financial products, the data required is highly personal by nature and brings with it a myriad of challenges on the part of institutions trying to capitalise its on value without taking on too much risk.

22 November 2019

News/Open APIs

Basel Committee weighs challenges of open banking

The rise of open banking could be a major boon for consumers, but it also poses major challenges in area such as regulatory oversight, cybersecurity and changing business models, according to a report from the Basel Committee on Banking Supervision.

19 November 2019

News/Open APIs

Turkey paves the way for Open Banking

The Turkish Government has passed new legislation paving the way for the introduction of Open Banking and full compliance with PSD2.

14 November 2019

News/Open APIs

£1.5m Open Banking challenge finalists named

The UK's Open Up 2020 Challenge has named the 15 fintech firm finalists to each receive £50,000 to help unlock the power of open banking.

13 November 2019

News/Open APIs

YES Bank launches sandbox housing 50 bank APIs

India's YES Bank has laid claim to the launch of the country's largest developer platform, housing an array of 50 APIs for use by third parties.

12 November 2019

News/Open APIs

Will trust woes undermine Open Banking under PSD2?

In a roundtable discussion held Wednesday in London hosted by digital payments firm PPRO, industry leaders met to explore the impact PSD2 has imposed on key players in Open Banking and the changes needed to achieve the regulation’s objective in 2020 and beyond.

06 November 2019