Latest Open APIs News: Finextra Research

First direct pilots artha app for marketplace banking

UK digital bank first direct has begun trialling an app that lets people see account information from all of their providers, as well as get money management tips and product suggestions - including from third parties.

22 February 2018

News/Open APIs

Degussa Bank connects with Giromatch for faster loan decisions

Germany's Degussa Bank is to use a white-labeled direct API-based connection to local fintech startup Giromatch to provide clients with faster loan decisions and flexible re-payment terms.

21 February 2018

Company update/Open APIs

BIAN issues new API guidelines

Independent not-for-profit association, The Banking Industry Architecture Network (BIAN) today published an updated version of its standardised global IT architecture model.

21 February 2018

News/Open APIs

Monzo opens API to spare change app Moneybox

Monzo has opened its API to Moneybox, enabling users to round up and invest the spare change from their everyday purchases.

20 February 2018

Company update/Open APIs

Lending Works chooses Credit Kudos to power new Open Banking initiative

Credit Kudos and Lending Works announce a partnership that creates one of the first commercial applications of the new Open Banking standard, empowering customers to instantly verify income in support of loan applications.

19 February 2018

Company update/Open APIs

Open APIs, digital onboarding and DLT feature in Russian central bank fintech plan

Bank of Russia approves Guidelines for Financial Technologies Development for 2018-2020.

16 February 2018

Company update/Open APIs

Softtek and Mambu launch banking-platform-as-a-service

Mambu, the leading SaaS banking engine, has partnered with Softtek, a global provider of process-driven IT solutions and largest Mexican system integrator, to launch a banking platform as a service (BPaaS).

16 February 2018

News/Open APIs

Santander InnoVentures joins $25m Roostify funding round

San Francisco-based digital lending platform provider Roostify has closed a $25 million Series B financing round joined by Santander InnoVentures, Cota Capital and Point72 Ventures.

15 February 2018

Company update/Open APIs

GreenKey releases voice API via OpenFin

GreenKey Technologies, creator of patented voice software with integrated speech recognition designed for the financial markets, today announced that the firm will release its voice API through OpenFin’s plugin architecture.

14 February 2018

Company update/Open APIs

Moneyhub CTO Tonge moves to mainland Europe to spearhead PSD2 strategy

Financial management technology company Moneyhub is set to capitalise on growth in the European market as PSD2 is rolled out across the continent.

12 February 2018

Company update/Open APIs

Icici Bank strikes account integration deal with Zoho

In an industry-first integration of accounting and banking, Zoho, India's leading software products company, is partnering with ICICI Bank, the country's largest private sector bank by consolidated assets, to deliver a streamlined digital banking experience to customers using Zoho's cloud accounting software, 'Zoho Books'.

12 February 2018

News/Open APIs

Chetwood Financial preps live launch on £150 million debt and equity investment

Chetwood Financial, a new UK challenger outfit founded by the former deputy head of HSBC's UK retail bank Andy Mielczarek and tech vendor veteran Mark Jenkinson, has secured its banking licence and a significant investment of £150m in debt and equity from Elliott Advisors to help it grow.

12 February 2018

Company update/Open APIs

Bud gains Asip and Pisp licences

Bud is one of the first providers to obtain regulatory authorisation to aggregate accounts, AISP licence, and initiate payments, PISP licence.

09 February 2018

News/Open APIs

Berlin Group publishes NextGenPSD2 framework

The Berlin Group, a European coalition of banks and payment processors, has published version 1.0 of its framework designed to give Third Party Providers (TTPs) API access to bank accounts in compliance with new regulations on freeing up customer data under PSD2.

09 February 2018

News/Open APIs

PSD2: A strategic game-changer with long-term impact

PSD2 will be a slow burn but the perfect opportunity for banks to define and build their digital transformation strategy, according to new research produced by Finextra, in association with CA Technologies

09 February 2018

News/Open APIs

Openwrks, Zopa and TrueLayer get into Open Banking groove

The UK's major banks are being shown a clean pair of heels by non-bank competitors in the Open Banking space, with new announcements by TrueLayer in tandem with Zopa, and Openwrks demonstrating the determination of third party providers to open up access to consumer account data.

09 February 2018

News/Open APIs

Australian Government moves to open up the banking industry

Australia has moved one step closer to implementing an Open Banking regime with the publication of a final Government report into the issue, accompanied by draft legislation to mandate comprehensive credit reporting.

09 February 2018

News/Open APIs

Mobile network giffgaff to use Open Banking rules to move into personal finance

Giffgaff, the mobile network run by Telefonica, is to use Open Banking rules to provide a personal financial management service to its users in the UK.

08 February 2018

Company update/Open APIs

CMA reviews progress of UK retail banking remedies

Last Friday (2 Feb 2018) was an exciting milestone for the Competition and Markets Authority’s Banking Investigation.

07 February 2018

News/Open APIs

Cybersecurity dominates EU Fintech Action Plan

Cybersecurity takes top billing in the European Union's upcoming Fintech Action Plan, with a draft emphasising efforts to improve cooperation and coordination between market participants and regulators.

06 February 2018