Latest Open APIs News: Finextra Research

Tackling fraud in instant payments the smart way

Thomas Egner, Secretary General of the Euro Banking Association, speaks at EBAday 2019 in Stockholm about the SMART2 best practice recommendations to help combat fraud in instant payments.

19 July 2019

Company update/payments

Apply Financial and Currencycloud partner to remove customer friction from cross-border payments

Apply Financial, the specialist payments validation company, has announced a new partnership with Currencycloud.

19 July 2019

Company update/Open APIs

Kaleyra and Epiphany form Open Banking partnership

Kaleyra, an international leader in mobile messaging services for banks and companies of all sizes, and Epiphany, a technology start-up born in Italy and operating globally, specialised in digital banking solutions that “open up” open banking, have signed a partnership agreement to jointly support banks in their digital transformation efforts, from basic PSD2 compliance to delivering new banking experiences, to enabling core banking modernization.

19 July 2019

Company update/Open APIs

Intesa Sanapolo converts digital savings jar into Amazon gift card

Intesa Sanpaolo has launched the first open banking commercial initiative with Amazon, giving its customers the chance to turn their savings held in Intesa Sanpaolo’s digital Salvadanaio (Money Box) into an Amazon gift card with an additional 3% for customers.

17 July 2019

Company update/Open APIs

DBS opens air travel marketplace

DBS Bank today announced the beta launch of DBS Travel Marketplace, Singapore's first one-stop integrated travel marketplace, in partnership with Singapore Airlines (SIA), Expedia Partner Solutions (EPS) and Chubb Insurance Singapore Limited.

17 July 2019

News/Open APIs

PSD2's narrow focus limiting the potential of Open Banking - report

Shortcomings in the EU's Second Payments Directive (PSD2) are holding back the wider uptake of Open Banking in the UK, according to a report commissioned by the oversee body for the programme.

17 July 2019

News/Open APIs

Visa invests in payments infrastructure builder Finix

Finix, a payment infrastructure platform built by former executives from First Data, PayPal, and Worldpay, has secured a $17.5 million Series A funding round led by Bain Capital Ventures, with participation from Insight Partners, Aspect Ventures and Visa.

16 July 2019

Company update/Open APIs

Fime launches Open Banking test suite

FIME has announced the availability of TrustAPI, a fully automated test tool for open banking APIs.

16 July 2019

Finextra TV/Open APIs

How to protect and innovate in a real time open ecosystem

Marcus Hughes, Head of Strategic Business Development, Bottomline Technologies, speaks at EBAday 2019 about how banks can keep pace with ever-more sophisticated fraudsters while transitioning to real time payments and maximising the opportunities of PSD2.

16 July 2019

Company update/Open APIs

TrueLayer integrates with Revolut

TrueLayer, Europe’s leading providers of financial APIs, has integrated with Revolut to enable the secure access of financial data via Open Banking.

16 July 2019

News/Open APIs

CYBG launches energy switching service within mobile app

CYBG has launched an energy switching service within its B Smart banking app through a partnership with financial comparison site GoCompare.

15 July 2019

Company update/Open APIs

BOX Processing ships Open API based credit processing platform

Following a round of investment BOX Processing launches the markets’ most modern platform for credit processing.

15 July 2019

News/cloud

The old rules no longer apply: Risk management and regulatory reporting in the cloud

Deploying new applications on the cloud is now the default. The question is not if applications should be built in the cloud or existing workloads should be migrated, but how fast can financial institutions (FIs) remove traditional IT constraints in the age of digitalisation.

12 July 2019

News/cloud

How to build the regulator’s confidence in the cloud

When moving to the cloud, meeting all risk, legal and compliance requirements is non-negotiable. The key question regulators are asking financial services providers is whether they have identified the operational risks associated with migrating to cloud computing, and if banks understand the process of managing these obstacles.

12 July 2019

Company update/Open APIs

VibePay secures FCA approval

London-based VibePay has been given the green light from the UK Financial Conduct Authority (FCA) to provide direct-to-bank payments using open banking.

11 July 2019

Company update/Open APIs

Konsentus launches dedicated eIDAS for Open Banking

On 25th June 2019 the FCA stated that any CMA9 ASPSP, or any other UK ASPSP, must “ensure that its interface is capable of enabling a TPP to identify itself using only its eIDAS certificate.”

10 July 2019

Company update/Open APIs

WorldPay and ClearBank founder Nick Ogden joins Funding Options’ board

Fintech pioneer Nick Ogden has joined the board of Funding Options, the UK’s leading business finance marketplace, as non-executive chairman.

10 July 2019

Company update/devops

FDAT North America adds members

The Financial Data and Technology Association (FDATA) of North America today announced it added five new members in June, bringing the association’s total membership to 22.

09 July 2019

Finextra TV/Open APIs

Uberization in the payments world

Dr. Thomas L. Hager - VP Banking&FM Europe, IBM and Rajesh Venkatraman - Global Head, IBM Payment Solutions, speak at EBADay 2019 in Stockholm about Uberization of commerce and its place in the payments market, the key drivers, the key considerations for corporate banks as they embrace platform-based business models, what corporate banks need to figure out first before moving forward and how IBM is uniquely positioned to help corporate banking clients win in the platform-based economy.

09 July 2019

Company update/payments

TangoTrade enlists Tempus for payment assurance

TangoTrade, a financial software provider that empowers small and medium-sized businesses (SMBs) to import and export globally, announced today the launch of its Payment AssuranceTM solution with Tempus, a leading foreign exchange (FX) and international payment solutions company.

09 July 2019