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More generic posts and blogs relating with Application Programming Interfaces (APIs) including Open Banking and PSD2
Lending money is a risky business. The biggest challenge for any lender is how to balance service (the drive to serve as many customers as possible) with risk (the possibility of a customer defaulting...
Financial products have a reputation for being difficult to understand when it comes to both terminology and functionality for everyday consumers. Customers often have to deal with an abundance of arc...
Sometimes an idea is so good that everyone has it at once. One such idea is the ROSCA - a rotating savings and credit association - known as ekub in Ethiopia, cundinas in Mexico, tanomoshiko in Japan ...
In 2001, Silicon Valley superinvestor Marc Andreessen declared that software was eating the world. Recent years have borne this out, with digital B2C tools now shaping the ways we travel, eat, and ev...
Data modelling and machine learning (ML) offers a tantalising possibility - that by gathering enough data inputs you can predict what will happen in the future based on current information. ML models ...
The UK’s own Open Banking Standards and the European Payment Services Directive current wave (PSD2) are both indications that a more open approach to transactions between financial services institutio...
Bank offerings and customer expectations are evolving fast. For each specific client need, specific solutions need to be built, requiring lots of investments, IP and expertise. To keep up, banks can’t...
We’re fast approaching a complete transformation in the way we consume financial services. In the future, the bank as we know it won’t define how its services are delivered, the demands and expectatio...
Open banking is about building and integrating an ecosystem of digital products, designed for one purpose – to create a seamless user experience. What we at Cloud Elements have seen over the past seve...
The speed at which consumers have adopted mobile digital platforms is testimony to how highly they prize the convenience of mobile apps. But just as the advent of supermarkets made shopping easier by ...
I have worked closely with financial institutions, particularly on building banking sandboxes in Nordic and North European countries, so that third party API consumer developers can build new innovati...
It may be hard to know the difference between Socialism and Communism for some. I think the same dilemma exists between Open Banking and Platform Banking definitions – as both sound very similar but a...