Latest Open APIs News: Finextra Research

Macquarie leads Australian move to Open Banking model with first live deployment

Macquarie Bank is getting a head start on the Australian Government's push for Open Banking by sharing customer data feeds with Zip's personal financial management app Pocketbook.

31 January 2018

News/Open APIs

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.

31 January 2018

News/Open APIs

Yolt claims first connection to CMA9 bank under Open Banking shakeup

Yolt, the smart money management app owned by ING, has become the first third party provider to complete a successful connection with a CMA9 bank - Lloyds - under the new Open Banking system.

25 January 2018

News/Open APIs

Danske Bank makes open banking push

Danske Bank is embracing the open banking era, revamping its mobile app to let Nordic customers view data from their accounts with other providers.

24 January 2018

News/Open APIs

Emma activates Monzo API integration

Money management app Emma has become the first startup to get onboard with Monzo's recently launched interim API for customer account data sharing.

22 January 2018

News/Open APIs

Sbanken opens developer portal and invites customers to build their own digital bank

Norway's Sbanken has opened a developer portal through which customers can use a host of open APIs to build their own digital banking platforms, with the best efforts winning cash prizes.

19 January 2018

News/Open APIs

Contego gets the nod for Open Banking ID checking

The UK's Open Banking Implementation Entity has selected Contego to run ID checks and verify the bona fides of users accessing personal account data for third party development work.

18 January 2018

News/Open APIs

Erste Group brings PSD2-ready digital platform to Slovakia

Having racked up nearly two million users in Austria and the Czech Republic, Erste Group is rolling out its PSD2-ready digital banking platform, George, in Slovakia.

15 January 2018

News/Open APIs

Europe begins Open Banking era in subdued style

The EU's second Payment Services Directive (PSD2) took effect on Saturday 13 January, bringing with it the start of Open Banking, however the prospect of a sudden revolution is likely to be thwarted by unresolved technical and regulatory issues and a lukewarm reception from consumers.

15 January 2018

News/Open APIs

Swift Institute challenges University teams to tackle data privacy under Open API

The academic research arm of interbank payments network Swift is calling on Australian-based students to devise new ways and means of protecting personal information in an open banking environment.

08 January 2018

News/Open APIs

Finextra's 2017 in review

As Finextra pulls the shutters down on 2017, we take a look back at our most popular news stories, videos, and community engagement activities over the course of the past year. The site will re-open for business on 2 January 2018.

22 December 2017

News/Open APIs

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.

20 December 2017

News/Open APIs

Retailers eye the potential of Open Banking

Large retailers are eyeing up the potential benefits of the forthcoming introduction of revised payment rules in Europe, with a sizeable proportion planning to tap directly into consumer account data to drive down transaction fees, tailor products, and create innovative loyalty programmes, according to research from Accenture.

18 December 2017

News/Open APIs

Open Up Challenge prize winners share the spoils

UK innovation agency Nesta has doled out £1 million to ten firms who participated in a contest to inspire the creation of new products and services using Open Banking APIs.

13 December 2017

News/Open APIs

PSD2: Laying the regulatory foundation for a new age in payments

It will be regulation-led, but make no mistake: 13th January 2018 will see the start of a deep-rooted and long-term transformation of the European payments market. This is when PSD2, the new European Directive on Payment Services in the Internal Market, comes into force, and both financial institutions and fintech firms need to ensure now that they will be PSD2-ready, says Shahrokh Moinian, global head of cash products, cash management, Deutsche Bank

11 December 2017

News/Open APIs

Alior Bank to use Open API platform and accelerator to create fintech marketplace

Poland's Alior bank is stepping up its digital transformation strategy with the establishment of a fintech department, startup accelerator and Open API platform.

08 December 2017

News/Open APIs

BofE stress tests: Banks coud be underestimating the risks from fintech

Britain's banks may be overestimating their ability to limit the impact of fintech and open banking on future profit margins says the Bank of England.

28 November 2017

News/Open APIs

Commission sets deadline for banks to meet new payment standards

European banks and service providers have been given an 18-month deadline to adopt new security measures and provisions for customer data exchange as mandated by the EU's revised Payments Service Directive (PSD2).

27 November 2017

News/Open APIs

Starling integrates with loyalty point startup Yoyo

Starling Bank is continuing its mission to provide a platform for fintech apps, striking a deal with Yoyo Wallet to enable cardholders to automatically receive retailer loyalty points at participating high street stores.

23 November 2017

News/Open APIs

UK Open Banking expanded to cover all PSD2 products

The UK's Open Banking project is being expanded to embrace all payment account types - including credit cards, prepaid cards and e-wallets - covered by PSD2.

22 November 2017