That “digital transformation” you can’t stop thinking about is made possible by droves of application programming interfaces (APIs) — clever lines of specialized code that foster interconnectedness and new consumer experiences. It’s happening in the B2B space as well, and not a moment too soon,...
Application Programming Interfaces (APIs) are essential for B2B payments as they are able to process these transactions in a fraction of the time it would take to transfer funds via wire or paper check. Eighty percent of U.S. banks were exploring real-time payments as of...
APIs have drastically accelerated B2B payments, but with automation comes more risk, ranging from credential abuse to SQL attacks. Such lapses in security, according to Nordea Bank executives Tino Kam and Ulrika Claesson, often result in payments being intercepted by bad actors and a betrayal...
The role of application programming interfaces (APIs) in banking and B2B payments has grown progressively larger over recent years, especially overseas. The United Kingdom has more than 200 providers developing APIs, for example, and these developers made 200 million requests for bank data via APIs...
More individuals and businesses than anticipated are turning to FinTechs for their financial needs, as the demand is possibly accelerated by the coronavirus pandemic. As financial institutions (FIs) scramble to meet the rising demand for digital, Plaid is releasing a new solution to help banks...
The role application programming interfaces (APIs) play in allowing financial institutions (FIs) and FinTechs to cooperate on banking products without worrying about interoperability between systems is crucial. A recent survey found that 91 percent of FIs plan to work with FinTechs to improve their banking...
Glitches such as those arising from faulty APIs can lead up to 88 percent of app users to abandon them, making it make or break for banks to constantly monitor their APIs’ performance. In this month’s B2B API Tracker, PYMNTS spoke with Skandinaviska Enskilda Banken...
Open application programming interfaces (APIs) are playing an increasingly important role in the financial industry as the field grows increasingly digital. APIs allow banks and technology providers to coordinate development much more easily, enabling the creation of innovative new products and services for functions such...
Against the larger backdrop of the coronavirus pandemic, shelter-in-place orders and shuttering of businesses, people have been staying at home. Because of this, Bjorn Ovick, chief commercial officer at RS2 Software, told PYMNTS that merchants across all manner of verticals are shifting to a direct-to-consumer...