Banks need strong application programming interface (API) strategies if they want to retain their business clients. Business to business (B2B) APIs enable financial institutions (FIs) to give their business customers a wider array of services, by enabling them to pull banking data into third-party accounting...
There is as yet no Venmo or Zelle for the $38 trillion global business-to-business (B2B) payments sector. That’s surprising for several reasons, and here’s a good one: nearly 70 percent of accounts payable (AP) professionals say suppliers value payments speed above all. Contrast that with...
Access to real-time payments (RTP) could resolve various headaches for businesses, as many do not want to face the uncertainties associated with late payment deliveries to suppliers and employees. Firms also crave access to precise, real-time financial information so they can better manage their liquidities....
Companies often use multiple banking portals, causing headaches for corporate treasurers who must manually pull data from all these sources. But giving treasurers application programming interface (API) solutions could be key to helping them quickly automate these and other time-consuming tasks. In the latest B2B...
Financial institutions (FIs) are locked in competition as they seek to serve the $38 trillion global business-to-business (B2B) payments sector, which could use some major changes: B2B payments too often take the form of paper checks winding their way through the mail, and accounts payable...
The FinTech unicorn Plaid has rolled out in three more European countries – Ireland, France and Spain – as part of an expansion initiative, CNBC reported on Thursday (Nov. 21). The Silicon-based startup, launched in 2013, uses a unified application programming interface (API) to link...
Citi launched CitiConnect in 2016 – and since then logged 157 million API calls. Tapodyuti Bose, global head of channels and enterprise services, Citi Treasury and Trade Solutions, tells Karen Webster how integrating treasury services across clients’ ERP platforms smooths cash flow across all manner...
Online marketplace eBay has introduced numerous new API capabilities to enable developers to manage their businesses at scale, the company said in a blog post. “Our goal is to empower developers, enhance the ecosystem of eBay applications and add value for our buyers and sellers,”...
Changing regulations are redefining the obligations of financial institutions, forcing them to rethink their strategies and implement new technological approaches. New legislation, such as PSD2, is raising the bar for FIs by allowing organizations like FinTechs to provide financial services. Such rules require traditional FIs to securely open up their...