Latest Open APIs News: Finextra Research

Positive outlook for instant payments drives IT spend at EU banks

Sixty-two percent of European financial institutions expect to increase spending on payments technology throughout 2017, driven by the revenue-generating opportunities of instant payments and the need for increased operational efficiency.

01 August 2017

News/Open APIs

Visa invests in card issuing outfit Marqeta

Visa has made a strategic investment in Marqeta as part of a wider multi-year global partnership with the open API card issuing and processing platform.

26 July 2017

News/Open APIs

Twenty firms to compete for £5 million Open API prize

UK innovation agency Nesta has handpicked twenty organisations selected to receive a slice of a £5 million prize fund to inspire the creation of new products and services using Open Banking APIs.

19 July 2017

News/Open APIs

Consumer groups and fintech firms at loggerheads over screen scraping

European consumer interest group BEUC has waded into the screen-scraping debate, urging banking authorities to ban the practice in favour of the creation of a harmonised interface for customer data sharing.

11 July 2017

News/Open APIs

Nacha sets sights on standardised APIs

US electronics payments association Nacha is hoping to nudge along the industry's adoption of APIs by setting up a standardisation working group.

07 July 2017

News/Open APIs

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.

05 July 2017

News/Open APIs

SAP Financial Services Forum, London - Day 1 live blog

Welcome to Finextra's live coverage of the SAP Financial Services Forum in London. The theme for this event is 'winning in the digital moment'. The two-day agenda will examine how technologies such as AI, machine learning, analytics, blockchain, open APIs and the cloud can be best leveraged to deliver truly digitised financial services.

04 July 2017

News/Open APIs

European savings and co-operative banks join screen-scraping row

Trade groups representing over 5000 European savings and co-operative banks have called on the European Banking Authority to reject Commission amendments to the revised Payment Services Directive which would require banks to provide a fall-back interface to screen-scraping technology for third party access to consumer bank data.

26 June 2017

News/Open APIs

Bank API platform TrueLayer secures $3m series A funding

UK startup TrueLayer, a fintech developer platform that provides access to bank APIs, has secured $3 million in series A funding to pursue opportunities created by PSD2.

21 June 2017

News/Open APIs

Swift offers €200,000 for two fintechs to leverage gpi platform

Swift has launched an Industry Challenge to find two winning fintechs who will be granted €100,000 to further develop new overlay services that leverage its Swift global payments innovation (gpi) platform.

21 June 2017

News/Open APIs

Open banking rules to trigger new wave of challengers

Tech companies, retailers and price comparison websites could become major banking brands says Deloitte on the release of research which reveals that a significant number of consumers who already use mobile banking would be willing to share data with traditional retailers.

19 June 2017

News/Open APIs

Berlin Group to publish single API standard for PSD2

The Berlin Group, a European coalition of banks and payment processors, is pushing a single standard for API access to bank accounts to comply with new regulations on freeing up customer data under PSD2.

13 June 2017

News/Open APIs

Mizuho prepares for API banking

Japan's Mizuho is implementing API interfaces to third party personal financial management apps through a collaboration with IBM.

08 June 2017