Open APIs

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/startups

South Africa's Stitch raises $2m; moves into Nigeria

South Africa-based API fintech Stitch today announced expansion into Nigeria, as well as a $2M seed extension with participation from leading global fintech entrepreneurs - bringing their total seed funding to $6M.

Visa invests in card tech startup Deserve

/startups

Visa invests in card tech startup Deserve

Visa has followed Mastercard in investing in Deserve, a provider of bespoke white label mobile-centric API and SDK-based credit card technology.

Digital payments infrastructure startup Extend raises $40m

/payments

Digital payments infrastructure startup Extend raises $40m

New York-based digital payments infrastructure provider Extend has raised $40 million in a Series B fundraising round led by March Capital and backed by B Capital, Point72 Ventures, Fintech Collective, Reciprocal Ventures, Wells Fargo, and Pacific Western Bank.

/retail

First Abu Dhabi Bank cuts API operational costs by 57% with Kong

Kong Inc., creators of the leading service connectivity platform, today announced that First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest and safest financial institutions, has deployed Kong’s service connectivity platform to modernize its microservices-driven banking platform.

/sustainable

Cogo announces $20m funding round

Carbon footprint tracking expert Cogo has kicked off a US$20m Series A funding round just weeks ahead of the COP26 UN climate summit.

/payments

TotallyMoney and Lendable forge API integration

TotallyMoney, the credit app to help customers move their money forwards, launches new API integration with loan and credit card platform, Lendable.

/payments

EBA clarifies issues raised by working group on APIs under PSD2

The European Banking Authority (EBA) published today clarifications to a seventh set of issues that had been raised by participants of its working group on Application Programming Interfaces (APIs) under the Payment Services Directive (PSD2).

/wholesale

Wells Fargo rolls out Trovata for multi-bank cash reporting and forecasting

Trovata, a leader in automating cash reporting and forecasting through wholesale, multi-bank API data aggregation, announced today a global marketing agreement with Wells Fargo.

HSBC moves into Banking-as-a-Service

/wholesale

HSBC moves into Banking-as-a-Service

HSBC is working with Oracle NetSuite to launch a Banking-as-a-Service (BaaS) offering that will enable customers to create and provide business banking services through their own platforms.

/wholesale

Crown Agents Bank moves to API-led connectivity with MuleSoft

MuleSoft, provider of the world’s #1 integration and API platform, today announced that Crown Agents Bank is using MuleSoft to digitally transform its core payments services and accelerate business growth.

/devops

The API Ratings Agency announces founding board members

The API Ratings Agency (TARA), an industry-wide effort to create an advisory council for API monitoring standards, has named four members to its board.

/retail

Codat partners Intuit on open finance for SMBs

Codat, the universal API for small business data that enables software providers and financial institutions to build integrated products for their small business customers, today announced an integration partnership with the global technology platform Intuit.

/wealth

DriveWealth joins forces with Mexico's GBM

DriveWealth, LLC, a pioneer in fractional investing and embedded finance, today announced a partnership with Grupo Bursátil Mexicano (GBM), the leading investment platform and brokerage firm that is transforming the investing landscape with the mission of democratizing investing in Mexico.

Open finance partnership platform mmob signs up partners

/startups

Open finance partnership platform mmob signs up partners

Open finance partnership platform mmob has added a host of firms, including PensionBee, Upside, and Glint Pay, to its network as it bids to become a 'SuperApp-as-a-Service' provider.

/Sibos

Bottomline launches payments tracker using Swift APIs

Bottomline (NASDAQ:EPAY), a leading provider of financial technology that makes business payments simple, smart and secure, today announced the latest API-based payments tracking service for banks worldwide, integrating SWIFT gpi data.

Banco Hipotecario and Open Bank Project bid to facilitate bitcoin adoption in El Salvador

/crypto

Banco Hipotecario and Open Bank Project bid to facilitate bitcoin adoption in El Salvador

In the wake of El Salvador's embrace of bitcoin, one of the country's leading banks has enlisted the company behind the Open Bank Project to help facilitate adoption of the cryptocurrency.

Standard Chartered moves to accelerate API adoption by corporate treasury teams

/wholesale

Standard Chartered moves to accelerate API adoption by corporate treasury teams

Standard Chartered is working with fintech FinLync to help corporate treasury and finance teams connect to the bank's API offerings.

Chase taps 10x for UK digital bank

/cloud

Chase taps 10x for UK digital bank

JPMorgan Chase's recently launched UK digital bank was built with 10x Banking, the cloud-native fintech set up by former Barclays chief Antony Jenkins.

Identity decisioning platform Alloy joins the unicorn club

/identity

Identity decisioning platform Alloy joins the unicorn club

Alloy, the New York-based startup behind an operating system that helps banks and fintechs make better identity and risk decisions, has joined the unicorn club off the back of a $100 million Series C funding round led by Lightspeed Ventures.

/retail

ModusBox teams up with Mambu

ModusBox is pleased to announce its partnership with Mambu - the Global Fintech Platform.

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