Latest Open APIs News: Finextra Research

Organisational alignment key to maximising open banking potential - survey

Senior management at European financial institutions see an opportunity in open banking, but a lack of internal alignment risks holding firms back from realising its potential, suggests a survey from Tink.

02 December 2020

Company update/Open APIs

Nordigen launches free open banking platform to challenge Tink and Plaid

Latvian fintech Nordigen today launches the first-ever free open banking API platform.

01 December 2020

News/startups

CCAF, World Bank, World Economic Forum study into Covid-19 impact on fintech: A sneak peek

In anticipation of the official launch, the Cambridge Centre for Alternative Finance (CCAF) invited industry participants to join an examination into the results of the Global Covid-19 Fintech Market Rapid Assessment Study, compiled in partnership with the World Bank and World Economic Forum.

01 December 2020

News/regulation

FCA and City of London Corporation pilot digital sandbox

The Financial Conduct Authority and the City of London Corporation have called in Fintech Sandpit to help build a digital sandbox.

01 December 2020

Company update/Open APIs

Virgin Money and Twenty7tec develop API integration for mortgage intermediaries

Virgin Money and technology experts Twenty7tec have announced an API integration partnership which will streamline the search and application process for intermediaries by removing the need to re-key data in multiple places.

30 November 2020

News/payments

EBAday 2020: ISO 20022 catalyst for banks to harness connected data

The ISO standards roll-out and open banking will galvanise banks’ efforts to compete with data-driven big techs, despite “vagueness” about how best this might be accomplished.

30 November 2020

Research/Open APIs

Paving the path from Open Banking to Open Finance in Benelux

27 November 2020 466 downloads

Company update/Open APIs

Ecommpay takes Open Banking tech to Europe

International payment service provider and direct bank card acquirer, ECOMMPAY, has today announced the expansion of its payment system Open Banking by ECOMMPAY to Europe.

26 November 2020

Research/Open APIs

Securing the API Ecosystem

26 November 2020 489 downloads

News/cloud

EBAday 2020: Banks, fintechs or card networks, what will be disintermediated after cloud adoption?

While day one discussions centred around how open banking needs to reach a point where it is just accepted as a conventional way that consumers, corporates and banks can manage their accounts and make payments, panel sessions on the second day of EBAday 2020 focused on how the cloud and Payments as a Service (PaaS) can also act as an enabler for open banking, potentially cutting out rails that are currently acting as intermediaries.

25 November 2020

Company update/Open APIs

Konsentus launches international Open Banking Hub

Konsentus today announced it has launched an international infrastructure platform with the ability to accelerate a country’s implementation of open banking.

25 November 2020

Company update/people

Citibank's Eric Newcomer joins WSO2 as CTO

WSO2, the leader in digital transformation technology, today announced that Eric Newcomer has joined WSO2 as chief technology officer (CTO).

25 November 2020

Company update/payments

Plaid and Jack Henry join forces

A recent study by Capital One and the Decision Lab found that 77% of Americans experience anxiety due to their financial situation—an issue intensified by this year's pandemic and subsequent economic downturn.

24 November 2020

News/payments

EBAday 2020: Open Banking will be a success when we stop talking about it

Open Banking’s success will be confirmed when it is longer talked about, according to Dan Globerson, head of open banking at NatWest.

24 November 2020

News/regulation

Startups call for Open Finance to break the dominance of banks

The UK needs to avoid an overly-standardised approach to Open Finance if it wants to break the dominance of banks and empower consumers, says a report from the Coalition for a Digital Economy (Coadec).

24 November 2020

Research/Open APIs

The Future of Payments 2020

24 November 2020 570 downloads

Company update/payments

Visa closes YellowPepper acquisition

Today, Visa (NYSE: V) announced that it has completed the acquisition of YellowPepper, a fintech pioneer with proprietary technology and partnerships supporting leading financial institutions and startups in Latin America and the Caribbean.

23 November 2020

News/wholesale

Credit Suisse applies Open Banking APIs to interbank transactions

Credit Suisse has introduced two new Open Banking interfaces designed to provide financial counterparties with access to real-time data on the status of their securities and foreign exchange transactions.

23 November 2020

Company update/crypto

Gemini chooses ClearBank as UK provider

ClearBank, the cloud-based clearing bank, today announced it has been selected by leading cryptocurrency exchange and custodian Gemini as its UK banking services provider.

19 November 2020

News/wholesale

Atom Bank to speed up SME lending process with Codat accounting API

Atom Bank is to use technology from Codat to hook up to customers' business accounting platforms in an effort to streamline the onboarding process and make faster and better-informed lending decisions.

19 November 2020