Watch more: Need to Know With Green Dot’s Akhil Gupta As financial services move deeper into software platforms, embedded commerce and enterprise workflows, application programming interfaces (APIs) are no longer simply the plumbing connecting a bank to outside developers. They now determine how quickly a...
Uruguay-based FinTech Prometeo on Thursday (Dec. 4) introduced Name Match, a new ownership-evaluation feature within its Bank Account Verification API designed to improve payment accuracy and reduce fraud for businesses moving money across U.S. bank accounts. The capability adds a new layer to Prometeo’s verification...
Watch more: Digital Shift: FIS’ Melisa Kessous For middle-market firms, connecting to their banks has long been more patchwork than pipeline. Each financial institution maintains its own file formats, protocols and security requirements. According to Melisa Kessous, vice president of Product Management for Enterprise Payments...
LSEG Risk Intelligence has introduced a verification tool powered by Amazon Web Services (AWS). World-Check Verify is a cloud-native screening API to embed compliance into payment and onboarding flows to provide instant, secure checks without interrupting speed or customer experience, AWS said in a Wednesday (Oct. 1) news release....
JPMorgan Chase reportedly found that most of the application programming interface (API) calls from middlemen received by its systems in June came from FinTech companies. Only 13% of the data requests were initiated by customers for transactions, CNBC reported Monday (July 28), citing a JPMorgan Chase memo....
A growing number of business clients and network participants are using Bank of America application programming interfaces (APIs) to enable payment transactions and other capabilities. Over the last 12 months, the bank has seen the number of clients using APIs for real-time treasury needs increase...
Embedded finance, as a concept, has been around for a while, but not in the technologically savvy, user-friendly form it takes in today’s iteration. Embedded finance has emerged as a key weapon in the retail quest for online and offline customer conversions. The technology that...
As open banking takes root in the United States, the role of application programming interfaces (APIs) will become more widely known and appreciated. That’s one of the predictions and insights stemming from a recent PYMNTS interview with Seth Perlman, global head of product at payment...
Application programming interfaces (APIs) have become the cornerstone of the digital ecosystem, handling a significant share of internet traffic and enabling seamless interactions among various software systems and platforms. In the banking sector, for instance, the use of APIs is on the rise, with a...